NOT LISTED FOR SALE

1201 Laurel Way Beverly Hills, CA 90210

Estimated Value: $6,780,000 - $26,666,017

6 Beds
8 Baths
9,519 Sq Ft
$1,757/Sq Ft Est. Value

Last Sold December 31, 2016

Last sale price $33,000,000 $3,467 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $118,349/month

About This Home

As of December 2016

1201 Laurel Way, a true Jewel Box, represents years of devotion, patience, and visionary excellence. High up among the treetops, on a self-contained Beverly Hills enclosure, lies an architectural masterpiece nothing short of spectacular. Presented in the most cinematic way possible, the entirety of Downtown Los Angeles, Catalina, and the coastline of California is offered in one unobstructed, sweeping view. It's the kind of view that inspired a team to build a home like no other with the utmost integrity. Visions of a house encased in glass, with effortless flow from room to room and from inside to outside, is the central ethos that guided the evolution and completion of this real estate gem.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
West Coast Management Llc
Bought by
1201 Laurel Way Llc
Current Estimated Value
$16,723,009

Purchase Details

Listed on
Oct 20, 2015
Closed on
Dec 8, 2016
Sold by
Laurel Beverly Holdings Llc
Bought by
West Coast Management Llc
Seller's Agent
Mauricio Umansky
The Agency
Buyer's Agent
Christopher Dyson
The Agency
List Price
$42,000,000
Sold Price
$33,000,000
Premium/Discount to List
-$9,000,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.75%
Original Mortgage
$21,450,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 9, 2013
Closed on
Jan 14, 2014
Sold by
Papcap Laurel Way Llc
Bought by
Laurel Beverly Holdings Llc
Seller's Agent
Mauricio Umansky
The Agency
Buyer's Agent
Farrah Brittany Aldjufrie
The Agency
List Price
$36,000,000
Sold Price
$31,000,000
Premium/Discount to List
-$5,000,000
-13.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.18%

Purchase Details

Closed on
Sep 12, 2006
Sold by
Papalian Richard H
Bought by
Papcap Laurel Way Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2006
Sold by
Papalian Dawn S
Bought by
Papalian Richard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2006
Sold by
United Siblings
Bought by
Papalian Richard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,640,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2003
Sold by
Schechter Dena A and Levine Meldon E
Bought by
United Siblings

Purchase Details

Closed on
Feb 7, 2001
Sold by
Schechter Irving
Bought by
Schechter Dena A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.12%

Purchase Details

Closed on
Dec 23, 1997
Sold by
Levine Shirley B
Bought by
Schechter Dena A and Levine Meldon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
7.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 22, 1997
Sold by
Schechter Dena A and Levine Meldon E
Bought by
Levine Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
7.22%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
1201 Laurel Way Llc $23,000,000 Fidelity National Title
West Coast Management Llc $33,000,000 Fidelity National Title Co
Laurel Beverly Holdings Llc $31,000,310 Lawyers Title
Papcap Laurel Way Llc -- None Available
Papalian Richard H -- First American Title Co
Papalian Richard H -- First American Title Co
United Siblings -- --
Schechter Dena A -- Fidelity National Title Co
Schechter Dena A $950,000 --
Levine Shirley -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1201 Laurel Way Llc $16,100,000
Closed 1201 Laurel Way Llc $16,100,000
Closed 1201 Laurel Way Llc $16,100,000
Previous Owner West Coast Management Llc $21,450,000
Previous Owner Papalian Richard H $3,640,000
Previous Owner Papalian Richard H $3,640,000
Previous Owner Schechter Dena A $1,100,000
Previous Owner Schechter Dena A $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2018 11/09/18 Rented $250,000 +92.3% --
06/27/2018 06/27/18 For Rent $130,000 0.0% --
12/31/2016 12/31/16 Sold $33,000,000 -13.2% $2,946 / Sq Ft
02/11/2016 02/11/16 Price Changed $38,000,000 -9.5% $3,393 / Sq Ft
10/20/2015 10/20/15 For Sale $42,000,000 +35.5% $3,750 / Sq Ft
02/05/2014 02/05/14 Sold $31,000,000 -13.9% $2,768 / Sq Ft
12/09/2013 12/09/13 For Sale $36,000,000 -- $3,214 / Sq Ft

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 $293,694 $24,407,784 $22,285,368 $2,122,416
2023 $288,354 $23,929,200 $21,848,400 $2,080,800
2022 $280,064 $23,460,000 $21,420,000 $2,040,000
2021 $417,905 $35,382,669 $28,413,356 $6,969,313
2020 $416,538 $35,019,864 $28,122,012 $6,897,852
2019 $405,821 $34,333,200 $27,570,600 $6,762,600
2018 $390,526 $33,660,000 $27,030,000 $6,630,000
2017 $378,016 $32,743,606 $26,406,134 $6,337,472
2016 $372,075 $32,101,575 $25,888,367 $6,213,208
2015 $356,082 $31,619,380 $25,499,500 $6,119,880
2014 $65,286 $5,862,000 $4,689,000 $1,173,000
Source: Public Records

Agents Affiliated with this Home

  • Mauricio Umansky

    Seller's Agent in 2018

    Mauricio Umansky

    The Agency

    (424) 230-3701

    8 in this area

    70 Total Sales

    Mauricio Umansky
    Section Image
  • Christopher Dyson

    Seller Co-Listing Agent in 2018

    Christopher Dyson

    The Agency

    (424) 230-3700

    1 in this area

    37 Total Sales

    Christopher Dyson
    Section Image
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Map

California Los Angeles County Beverly Hills 90210

1201 Laurel Way, Beverly Hills, CA

This home is located at 1201 Laurel Way, Beverly Hills, CA 90210 and is currently estimated at $16,723,009, approximately $1,756 per square foot. 1201 Laurel Way 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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