NOT LISTED FOR SALE

1196 Summit Dr Beverly Hills, CA 90210

Estimated Value: $5,392,000 - $12,359,090

8 Beds
11 Baths
8,684 Sq Ft
$1,052/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $11,100,000 $1,278 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $61,985/month

62 Days on Market

Highlights

  • Detached Guest House
  • Heated In Ground Pool
  • City Lights View
  • Beverly Hills High School Rated A
  • Auto Driveway Gate
  • 0.93 Acre Lot

About This Home

As of January 2023

First time on the market in 30 years! Privately gated, set at the end of a dramatic driveway and motor court, this architectural estate with sparkling city views is a masterful blend of contemporary and old world aesthetics. Accredited in AD and ELLE Decor, this inimitable property designed by Andrea Michaelson Designs is timeless, contrasting rich detailing of antique wood and wrought iron with the sleek modernism of concrete and steel. Soaring 18-ft ceilings interposed with light wells showcase a studied interplay of volume, light and shadow. Grand-scale spaces framed with custom-built steel doors & sliders open to a lush patio lined with wisteria, al fresco dining area, lawn and pool & spa. Main dwelling comprises of 6 beds, 8 baths with an expansive Master retreat with dual suites. Chef's kitchen features state of the art appliances and pizza oven. Detached guest house (1,850 sqft) built in 2008 with 2 beds, kitchen/dining and living areas. Located on prime Summit Dr in BH.

Last Agent to Sell the Property

Susan Perryman

Carolwood Estates License #01878839 Listed on: 11/04/2022

Carolwood Estates

Co-Listed By

Lydia Giraldo

Sotheby's International Realty License #01891076

Last Buyer's Agent

Susan Perryman

Carolwood Estates License #01878839 Listed on: 11/04/2022

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $136,503

Year Built

  • Built in 1961

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 182x222
  • Property is zoned BHR1*

Property Views

  • City Lights
  • Canyon
  • Mountain
  • Hills
  • Pool
  • Courtyard

Interior Spaces

  • 8,684 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Alarm System

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • Driveway
  • Auto Driveway Gate

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Utilities

  • Zoned Heating and Cooling System
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4348-003-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$136,503

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 8684
  • Lot Acreage: 0.9259
  • Lot Dimensions: 182x222
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Tile, Hardwood, Stained Concrete
  • Bedrooms: 8
  • Full Bathroom: 8
  • Half Bathroom: 3
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 11.00
  • Den: 0
  • Equipment: Dryer, Washer, Dishwasher, Built-Ins, Range/Oven, Refrigerator, Alarm System, Garbage Disposal, Microwave, Hood Fan, Cable
  • Price Per S Q F T: 1450.37

Exterior Features

  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool Description: In Ground, Heated
  • Pool: Yes
  • Spa: In Ground, Heated
  • Spa Yn: Yes
  • View: City, City Lights, Mountains, Tree Top, Pool, Courtyard, Canyon, Hills
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 3
  • Parking Garage: Gated, Garage Is Attached, Driveway Gate, Driveway, Garage - 3 Car
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Zoned

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-003-042
  • Lot Size Area: 40331

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 24, 2023
Sold by
Fong Theodore
Bought by
Wl Usa Inc
Seller's Agent
Susan Perryman
Carolwood Estates
Buyer's Agent
Susan Perryman
Carolwood Estates
List Price
$12,595,000
Sold Price
$11,100,000
Premium/Discount to List
-$1,495,000
-11.87%
Views
169
Current Estimated Value
$9,137,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,962,637
Avg. Annual Appreciation
-7.44%

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 11, 2023
Sold by
Marc G Michaelson Revocable Trust
Bought by
Fong Theodore
Seller's Agent
Susan Perryman
Carolwood Estates
Buyer's Agent
Susan Perryman
Carolwood Estates
List Price
$12,595,000
Sold Price
$11,100,000
Premium/Discount to List
-$1,495,000
-11.87%
Views
169

Purchase Details

Closed on
Feb 17, 2022
Sold by
Gary Michaelson Marc
Bought by
Marc G Michaelson Revocable Trust

Purchase Details

Closed on
Jan 8, 2020
Sold by
City Of Beverly Hills
Bought by
Michaelson Marc

Purchase Details

Closed on
Nov 25, 2019
Sold by
Michaelson Marc G
Bought by
Michaelson Marc G and The Marc G Michaelson Revocabl

Purchase Details

Closed on
Apr 29, 1996
Sold by
Michaelson Marc Gary and Michaelson Marc
Bought by
Michaelson Marc Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.84%

Purchase Details

Closed on
Apr 18, 1996
Sold by
Michaelson Andrea
Bought by
Michelson Marc Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.84%
Source: Public Records

Range of Values:

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Average Value
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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
Wl Usa Inc -- Accommodation/Courtesy Recordi
Fong Theodore -- Equity Title
Fong Theodore $11,100,000 Equity Title
Marc G Michaelson Revocable Trust -- --
Michaelson Marc -- None Available
Michaelson Marc G -- None Available
Michaelson Marc Gary -- American Coast Title
Michelson Marc Gary -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michaelson Marc Gary $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $11,100,000 -11.9% $1,278 / Sq Ft
01/05/2023 01/05/23 Pending -- -- --
11/04/2022 11/04/22 For Sale $12,595,000 -- $1,450 / 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
2024 $136,503 $11,322,000 $8,160,000 $3,162,000
2023 $123,128 $10,192,248 $7,140,000 $3,052,248
2022 $53,358 $4,423,963 $2,937,931 $1,486,032
2021 $51,793 $4,337,220 $2,880,325 $1,456,895
2020 $51,619 $4,292,748 $2,850,791 $1,441,957
2019 $50,305 $4,208,578 $2,794,894 $1,413,684
2018 $48,280 $4,126,058 $2,740,093 $1,385,965
2016 $46,317 $3,965,841 $2,633,693 $1,332,148
2015 $44,342 $3,906,271 $2,594,133 $1,312,138
2014 $42,872 $3,829,754 $2,543,318 $1,286,436
Source: Public Records

Agents Affiliated with this Home

  • Susan Perryman

    Seller's Agent in 2023

    Susan Perryman

    Carolwood Estates

    (310) 261-1960

    6 in this area

    24 Total Sales

    Susan Perryman
    Section Image
  • Lydia Giraldo

    Seller Co-Listing Agent in 2023

    Lydia Giraldo

    Sotheby's International Realty

    (818) 968-1785

    1 in this area

    2 Total Sales

    Lydia Giraldo
    Section Image
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Map

Source: The MLS

MLS Number: 22-215467

The MLS

APN: 4348-003-042

California Los Angeles County Beverly Hills 90210

1196 Summit Dr, Beverly Hills, CA

This home is located at 1196 Summit Dr, Beverly Hills, CA 90210 since 04 November 2022 and is currently estimated at $9,137,363, approximately $1,052 per square foot. This property was built in 1961. 1196 Summit Dr is a home located in Los Angeles County with nearby schools including El Rodeo Elementary School, Beverly Hills High School, and Good Shepherd Catholic School.

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