NOT LISTED FOR SALE

1118 Tower Rd Beverly Hills, CA 90210

Estimated Value: $7,876,607 - $9,407,000

5 Beds
5.5 Baths
5,862 Sq Ft
$1,439/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $7,925,000 $1,352 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $51,963/month

93 Days on Market

Highlights

  • In Ground Pool
  • Views of Trees
  • Wood Flooring
  • Beverly Hills High School Rated A
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of October 2022

Just Reduced: Presenting a recently reimagined Spanish contemporary estate situated in the heart of Beverly Hills proper amidst lush, verdant greenery. Offering coveted Southern California living at its very finest, this luxurious rebuilt residence features an expansive yard providing limitless entertainment with a pool, spa, outdoor kitchen, barbecue, fire pit, and multi-level terraces for al-fresco dining and lounging. Meticulously placed landscaping adorns the front of the home, contributing to its excellent curb appeal, as classic Spanish roof tiles provide the perfect contrast to its stucco facade. Inside, exquisite design elements converge to create inviting spaces with casual flow from room to room. The formal living room features vaulted ceilings with exposed beams, beautiful paned picture windows capturing natural light, and elegant stone fireplace. Nearby, the formal dining room is modern and minimalist, an ideal setting for holidays, parties, and entertaining friends and family. The gourmet kitchen is a gourmand's dream, appointed with sleek wood cabinetry, Wolf appliances, large center island, six-burner range, wine closet, and breakfast nook. Large folding glass doors in the family room afford the ultimate indoor/outdoor flow to the rear grounds. The primary suite has vaulted ceilings, balcony, two walk-in closets, and a decadent spa-inspired bath dressed in alluring Calacatta marble with soaking tub, floating dual-sink vanity, glass shower, and on-trend hardware and fixtures. Other amenities include well-appointed guest suites, laundry room, dual living spaces, wet bar, state-of-the-art smart home technology, and more. At one of the lowest prices per square foot in prime Beverly Hills and with access to the area's exceptional schools, this is truly an unmissable opportunity to own a nearly brand-new home in an iconic location. A permit has been secured to install a front gate. Welcome to your fresh, idyllic lifestyle on a desirable street north of famed Sunset Boulevard, just moments to the city's chic boutiques, fine dining, shopping, and entertainment.

Last Agent to Sell the Property

Sally Forster Jones

Compass License #00558939 Listed on: 07/08/2022

Compass

Co-Listed By

Nicole Plaxen

Sotheby's International Realty License #01772151

Last Buyer's Agent

Tyler Convery

Carolwood Estates License #01987795

Carolwood Estates

Home Details

Home Type

  • Single Family

Lot Details

  • 0.31 Acre Lot
  • Property is zoned BHR1*

Home Design

  • Spanish Architecture

Interior Spaces

  • 5,862 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Views of Trees
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Open Patio
  • Fire Pit
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4348-016-019

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 5862
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Fire Pit, Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 5
  • Full Bathroom: 5
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Barbeque, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1534.46

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-016-019
  • Lot Size Area: 13438

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Sep 30, 2022
Sold by
Clapham Ronald Barrie
Bought by
1118 Tower Llc
Seller's Agent
Sally Forster Jones
Compass
Buyer's Agent
Tyler Convery
Carolwood Estates
List Price
$9,495,000
Sold Price
$7,925,000
Premium/Discount to List
-$1,570,000
-16.54%
Views
66
Current Estimated Value
$8,435,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,152
Avg. Annual Appreciation
1.93%
Original Mortgage
$5,151,250
Outstanding Balance
$4,829,987
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$3,605,165

Purchase Details

Listed on
Sep 6, 2018
Closed on
Feb 15, 2019
Sold by
Cannington Investments Llc
Bought by
Wb 1118 Tower Llc
Seller's Agent
Jon Grauman
Resident Group
Buyer's Agent
Sally Forster Jones
Compass
List Price
$7,950,000
Sold Price
$7,400,000
Premium/Discount to List
-$550,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.90%
Original Mortgage
$4,439,000
Interest Rate
3.69%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 6, 2018
Closed on
Feb 12, 2019
Sold by
Wb 1118 Tower Llc
Bought by
Clapham Ronald Barrie
Seller's Agent
Jon Grauman
Resident Group
Buyer's Agent
Sally Forster Jones
Compass
List Price
$7,950,000
Sold Price
$7,400,000
Premium/Discount to List
-$550,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,439,000
Interest Rate
3.69%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 29, 2014
Closed on
Aug 6, 2014
Sold by
Sackheim Daniel Steven and Sackheim Andrew Ray
Bought by
Cannington Investments Llc
Seller's Agent
Michael Eisenberg
Keller Williams Beverly Hills
Buyer's Agent
Stan Volynsky
List Price
$4,995,000
Sold Price
$4,850,000
Premium/Discount to List
-$145,000
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$3,395,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2007
Sold by
Sackheim Joanne and The Sackheim Trust Of 1977
Bought by
Sackheim Joanne and The Sackheim Trust Of 1977
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
1118 Tower Llc $7,925,000 Fidelity National Title
Wb 1118 Tower Llc -- Fidelity National Title
Clapham Ronald Barrie $7,400,000 Fidelity Natl Title
Cannington Investments Llc $4,850,000 First American Title Company
Sackheim Joanne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1118 Tower Llc $5,151,250
Previous Owner Clapham Ronald Barrie $4,439,000
Previous Owner Cannington Investments Llc $3,395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2022 10/20/22 Sold $7,925,000 -11.9% $1,352 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $8,995,000 -5.3% $1,534 / Sq Ft
07/08/2022 07/08/22 For Sale $9,495,000 0.0% $1,620 / Sq Ft
06/08/2020 06/08/20 Rented $38,000 -15.6% --
02/06/2020 02/06/20 For Rent $45,000 0.0% --
01/06/2020 01/06/20 Rented $45,000 +12.5% --
11/15/2019 11/15/19 For Rent $40,000 0.0% --
02/28/2019 02/28/19 Sold $7,400,000 -6.9% $1,262 / Sq Ft View Prior Sale
11/12/2018 11/12/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $7,950,000 +63.9% $1,356 / Sq Ft
09/03/2014 09/03/14 Sold $4,850,000 -2.9% $1,009 / Sq Ft View Prior Sale
07/22/2014 07/22/14 Pending -- -- --
06/29/2014 06/29/14 For Sale $4,995,000 -- $1,039 / 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 $97,420 $8,245,169 $5,931,632 $2,313,537
2024 $97,420 $8,083,500 $5,815,326 $2,268,174
2023 $95,654 $7,925,000 $5,701,300 $2,223,700
2022 $93,015 $7,778,720 $5,445,104 $2,333,616
2021 $90,320 $7,626,197 $5,338,338 $2,287,859
2020 $90,022 $7,548,000 $5,283,600 $2,264,400
2019 $25,189 $5,225,345 $4,180,278 $1,045,067
2018 $59,693 $5,122,888 $4,098,312 $1,024,576
2016 $57,311 $4,923,962 $3,939,170 $984,792
2015 $54,858 $4,850,000 $3,880,000 $970,000
2014 -- $383,390 $271,991 $111,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-175705

The MLS

APN: 4348-016-019