$33,000,000
SOLD DEC 31, 2016

1201 Laurel Way Beverly Hills, CA 90210

6 Beds
10 Baths
11,200 Sq Ft
0.83 Acres

Recently Sold

$2,946 Per Sq Ft

21% Below List Price

217 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Projection Room
  • Beverly Hills High School Rated A
  • Wine Cellar
  • Newly Remodeled

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, lay 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.

Last Agent to Sell the Property

Mauricio Umansky

The Agency License #01222825 Listed on: 10/20/2015

The Agency

Co-Listed By

Farrah Brittany Aldjufrie

The Agency License #01933070

Last Buyer's Agent

Christopher Dyson

The Agency License #01762388

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $293,694

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • 0.83 Acre Lot
  • Gated Home
  • Property is zoned BHR1*

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Mountain
  • Hills
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 11,200 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar
  • Entryway
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room
  • Dining Room with Fireplace
  • 8 Fireplaces
  • Projection Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Home Gym
  • Stone Flooring
  • Basement

Kitchen

  • Gourmet Kitchen
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Walk-In Closet
  • Powder Room
  • 10 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Smart Home

Parking

  • 10 Parking Spaces
  • Driveway
  • Gated Parking

Pool

  • In Ground Pool
  • Heated Spa

Outdoor Features

  • Patio
  • Outdoor Grill

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Utilities

  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 4348-003-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$293,694

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11200
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2014
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Bar, Basement, Furnished, Home Automation System, Open Floor Plan, Turnkey
  • Fireplace Rooms: Dining, Family Room, Guest House, Master Bedroom, Master Retreat, Patio
  • Flooring: Mixed, Stone
  • Bedrooms: 6
  • Fireplaces: 8
  • Full Bathroom: 10
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Kitchen Features: Gourmet Kitchen, Island
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 10.00
  • Den: 0
  • Equipment: Alarm System, Barbeque, Bar Ice Maker, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 3392.86

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Private
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: City, City Lights, Green Belt, Hills, Mountains, Ocean, Panoramic, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Driveway, Garage - 4+ Car, Gated
  • Total Parking: 10

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central
  • Security: Gated, Owned, Prewired for alarm system

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4348-003-021
  • Geocode Override: No
  • Lot Size Area: 36356

Rental Info

  • Furnished: Furnished

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
$16,574,704

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
-7.31%
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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $23,000,000 Fidelity National Title
Grant Deed $33,000,000 Fidelity National Title Co
Grant Deed $31,000,310 Lawyers Title
Grant Deed -- None Available
Interfamily Deed Transfer -- First American Title Co
Grant Deed -- First American Title Co
Grant Deed -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer $950,000 --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $16,100,000 New Conventional
Closed $16,100,000 New Conventional
Closed $16,100,000 New Conventional
Previous Owner $21,450,000 New Conventional
Previous Owner $3,640,000 Purchase Money Mortgage
Previous Owner $3,640,000 Purchase Money Mortgage
Previous Owner $1,100,000 No Value Available
Previous Owner $850,000 Seller Take Back
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
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 $293,694 $24,895,939 $22,731,075 $2,164,864
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

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Map

Source: The MLS

MLS Number: 15-951953

The MLS

APN: 4348-003-021