NOT LISTED FOR SALE

1116 Laurel Way Beverly Hills, CA 90210

Estimated Value: $7,208,000 - $11,755,924

6 Beds
8 Baths
10,309 Sq Ft
$920/Sq Ft Est. Value

Last Sold September 24, 2019

Last sale price $13,700,000 $1,329 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $64,490/month

121 Days on Market

Highlights

  • Home Theater
  • Heated In Ground Pool
  • Fireplace in Primary Bedroom
  • Beverly Hills High School Rated A
  • Views of Trees
  • Wood Flooring

About This Home

As of September 2019

Impressive European estate in prime Beverly Hills. The dramatic 2-story entry is surrounded by grand public spaces with great attention to detail throughout. Elegant formal dining, family and living rooms with soaring ceilings, elaborate fireplaces and French parquet floors. The large gourmet kitchen leads to office and maids rooms. Upstairs are 4 bedroom suites including luxurious master with fireplace and outdoor terrace overlooking tree top views. Lower level features a media room with wood coffered ceiling, wine cellar, staff quarters, gym and 4 car garage. The lush grounds are ideal for entertaining with swimmer's pool, spa and gazebo. This hard to find estate is available today. Spectacular!

Last Agent to Sell the Property

Myra Nourmand

Nourmand & Associates-BH License #00983509 Listed on: 03/25/2019

Nourmand & Associates-BH

Co-Listed By

Mike Nourmand

Nourmand & Associates-BH License #01281017

Last Buyer's Agent

Michael Libow

Compass License #00863172

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $177,128

Year Built

  • Built in 1991

Lot Details

  • 0.51 Acre Lot
  • Property is zoned BHR1*

Parking

  • 4 Car Garage

Home Design

  • Villa

Interior Spaces

  • 10,309 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bar
  • Decorative Fireplace
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Breakfast Room
  • Home Theater
  • Den
  • Library
  • Home Gym
  • Center Hall
  • Views of Trees
  • Alarm System
  • Basement

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Parquet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

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

Community Details

  • No Home Owners Association
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 4348-003-033

Home Details

Home Type

Single Family

Est. Annual Taxes

$177,128

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Villa
  • Street Number Display: Yes
  • Living Area: 10309
  • Stories: 3
  • Year Built: 1991
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Dining, Family Room, Living Room, Master Bedroom
  • Flooring: Hardwood, Parquet
  • Bedrooms: 6
  • Full Bathroom: 5
  • Half Bathroom: 3
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Microwave, Phone System, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1593.27

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 4+ Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-003-033
  • Geocode Override: No
  • Lot Size Area: 22081

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Aug 28, 2019
Sold by
Furman Igor and Furman Mila
Bought by
Charles R A and Bunjoe Trust
Seller's Agent
Myra Nourmand
Nourmand & Associates-BH
Buyer's Agent
Michael Libow
Compass
List Price
$17,880,000
Sold Price
$13,700,000
Premium/Discount to List
-$4,180,000
-23.38%
Current Estimated Value
$9,481,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,218,038
Avg. Annual Appreciation
-5.75%
Original Mortgage
$8,905,000
Outstanding Balance
$7,678,957
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,803,005

Purchase Details

Closed on
Feb 22, 2019
Sold by
Furman Mila and Furman Ludmilla
Bought by
Furman Igor and Furman Ludmilla

Purchase Details

Closed on
May 18, 2018
Sold by
Furman Igor and Furman Milla
Bought by
Furman Milla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.4%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Charles R A $13,700,000 First American Title Co
Furman Igor -- First American Title Co
Furman Igor -- None Available
Furman Milla -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charles R A $8,905,000
Previous Owner Furman Milla $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2019 09/24/19 Sold $13,700,000 -16.6% $1,329 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
05/10/2019 05/10/19 Price Changed $16,425,000 -8.1% $1,593 / Sq Ft
03/25/2019 03/25/19 For Sale $17,880,000 -- $1,734 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $177,128 $14,982,948 $10,499,001 $4,483,947
2024 $177,128 $14,689,166 $10,293,139 $4,396,027
2023 $173,916 $14,401,144 $10,091,313 $4,309,831
2022 $168,922 $14,118,770 $9,893,445 $4,225,325
2021 $123,015 $13,841,932 $9,699,456 $4,142,476
2019 $88,861 $7,459,729 $2,380,849 $5,078,880
2018 $85,390 $7,313,461 $2,334,166 $4,979,295
2016 $81,938 $7,029,473 $2,243,529 $4,785,944
2015 $78,436 $6,923,885 $2,209,830 $4,714,055
2014 $75,795 $6,788,257 $2,166,543 $4,621,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-447478

The MLS

APN: 4348-003-033