NOT LISTED FOR SALE

Estimated Value: $8,735,000

9 Beds
16 Baths
20,000 Sq Ft
$437/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $34,928,200 $1,746 Per Sq Ft

Current estimated payment $54,682/month

130 Days on Market

Highlights

  • Attached Guest House
  • Dance Studio
  • Projection Room
  • Warner Avenue Elementary Rated A
  • Wine Cellar
  • Indoor Spa

About This Home

As of June 2016

Directly overlooking the renowned Bel-Air Country Club , situated on approximately 1.5 flat acres (2 contiguous parcels), in Old Bel -Air's most prestigious East Gate location, sits this glorious, gated and private compound. Beyond the secluded and expansive driveway with circular motor court, rests this exquisite and elegant residence, completed in 2003. Impeccable, discerning and sophisticated in its design, with over 20,000 sq. ft. of grand interior living space, that seamlessly blends superior dcor and appointments. This property is a major achievement in design and proportion, comprised of a formal dining room, inviting large scale entertaining; fabulous movie / screening room; resort-like indoor spa & gym, exercise studio, billiard room, wine cellar,poolside interior cabana/ game room, full guest apartment with private entrance, exceptional 2,000 sq. ft. lavish master suite retreat,and car collector's subterranean garage. Unsurpassed Bel-Air Country Club golf course views.

Last Agent to Sell the Property

Jerry Jolton

Coldwell Banker Realty License #00884722 Listed on: 01/14/2016

Coldwell Banker Realty

Last Buyer's Agent

Joy Denton

Sotheby's International Realty License #00794590

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 1.44 Acre Lot
  • Gated Home
  • Property is zoned LARE20

Property Views

  • City Lights
  • Golf Course
  • Park or Greenbelt

Home Design

  • Villa
  • Tile Roof

Interior Spaces

  • 20,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Bar
  • Wine Cellar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Projection Room
  • Home Theater
  • Library with Fireplace
  • Bonus Room
  • Dance Studio
  • Indoor Spa
  • Sauna
  • Home Gym
  • Center Hall
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 16 Full Bathrooms

Parking

  • 15 Car Direct Access Garage
  • Side by Side Parking
  • Tandem Parking
  • Garage Door Opener
  • Gated Parking

Outdoor Features

  • In Ground Pool
  • Open Patio

Additional Homes

  • Attached Guest House

Utilities

  • Central Heating and Cooling System
  • Phone System
  • Cable TV Available

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4362-011-002

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

1.44 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Villa
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: Directly overlooking the renowned Bel-Air Country Club, situated on approximately 1.5 flat acres (2 contiguous parcels), in Old Bel -Air's most prestigious East Gate location, sits this glorious, gated and private compound. Beyond the secluded and expansive driveway with circular motor court, rests this exquisite and elegant residence, completed in 2003. Impeccable, discerning and sophisticated in its design, with over 20,000 sq. ft. of grand interior living space, that seamlessly blends superior dcor and appointments. This property is a major achievement in design and proportion, comprised of a formal dining room, inviting large scale entertaining; fabulous movie/screening room; resort-like indoor spa & gym, exercise studio; billiard room; wine cellar; poolside interior cabana/game room; full guest apartment with private entrance; exceptional 2,000 sq. ft. lavish master suite retreat; car collector's subterranean garage. Unsurpassed Bel-Air Country Club golf course views. **Click on property website**
  • Living Area: 20000
  • Lot Acreage: 1.4400
  • Planned Urban Dev: 0
  • Stories: 3
  • Year Built: 2003
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Library, Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Stone
  • Bedrooms: 9
  • Fireplaces: 4
  • Full Bathroom: 16
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 16.00
  • Equipment: Built-Ins, Cable, Dishwasher, Elevator, Freezer, Garbage Disposal, Hood Fan, Phone System, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1875.00

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool Description: Private
  • Pool: Yes
  • Roof: Tile
  • Spa: Indoor, Private
  • Spa Yn: Yes
  • View: City Lights, Green Belt, Golf Course
  • View: Yes

Garage/Parking

  • Covered Parking: 10
  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage, Gated, Side By Side, Subterranean, Tandem
  • Total Parking: 15

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Lot Info

  • Assessor Parcel Number: 4362-011-002
  • Geocode Override: No
  • Lot Size Area: 65000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2016
Closed on
Jun 1, 2016
Sold by
Bs La Holdings I Llc
Bought by
Masterpiece Llc
Seller's Agent
Jerry Jolton
Coldwell Banker Realty
Buyer's Agent
Joy Denton
Sotheby's International Realty
List Price
$37,500,000
Sold Price
$34,928,200
Premium/Discount to List
-$2,571,800
-6.86%
Current Estimated Value
$8,735,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,193,200
Avg. Annual Appreciation
-13.24%
Original Mortgage
$25,400,000
Outstanding Balance
$19,565,574
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$10,830,574

Purchase Details

Closed on
Jan 29, 2007
Sold by
Simon Bren
Bought by
Bs La Holdings I Llc

Purchase Details

Closed on
Aug 4, 2006
Sold by
Simon Melvin
Bought by
Simon Bren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,750,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Hackbarth Guy J and Hackbarth Tania Ferris
Bought by
Hackbarth Guy J and Hackbarth Tania Ferris

Purchase Details

Closed on
Apr 6, 1999
Sold by
Altura Bellagio Inc
Bought by
Hackbarth Guy J and Hackbarth Tania Ferris

Purchase Details

Closed on
Feb 17, 1998
Sold by
1115 La Altura Associates
Bought by
Altura Bellagio Inc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Masterpiece Llc $34,928,500 Equity Title
Bs La Holdings I Llc -- Accommodation
Simon Bren -- Fidelity National Title Co
Simon Bren -- Fidelity National Title Co
Hackbarth Guy J -- Equity
Hackbarth Guy J -- Progressive Title Company
Altura Bellagio Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masterpiece Llc $25,400,000
Previous Owner Simon Bren $13,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold $34,928,200 -6.9% $1,746 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $37,500,000 -- $1,875 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $475,752 $40,249,116 $34,330,132 $5,918,984
2024 $475,752 $39,459,919 $33,656,993 $5,802,926
2023 $466,360 $38,686,196 $32,997,052 $5,689,144
2022 $444,416 $37,927,644 $32,350,051 $5,577,593
2021 $439,199 $37,183,966 $31,715,737 $5,468,229
2019 $425,814 $36,081,072 $30,775,032 $5,306,040
2018 $424,752 $35,373,600 $30,171,600 $5,202,000
2016 $377,340 $31,547,707 $19,806,057 $11,741,650
2015 $371,737 $31,073,832 $19,508,552 $11,565,280
2014 $372,630 $30,394,823 $19,126,407 $11,268,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-972001

The MLS

APN: 4362-011-002

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