NOT LISTED FOR SALE

12047 Summit Cir Beverly Hills, CA 90210

Estimated Value: $5,963,000 - $8,163,000

5 Beds
6.5 Baths
5,458 Sq Ft
$1,330/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $5,400,000 $989 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $45,641/month

49 Days on Market

Highlights

  • 24-Hour Security
  • Heated In Ground Pool
  • 19,058 Sq Ft lot
  • North Hollywood Senior High School Rated A
  • City Lights View
  • Fireplace in Primary Bedroom

About This Home

As of November 2018

An abundance of natural light fills this recently remodeled 5 bedroom/ 7 bathroom contemporary home located within the exclusive guard - gated community, The Summit. With stunning city views that span the entire valley, the home features vaulted ceilings, a chef's kitchen complete with Viking and Sub Zero appliances and the added luxury of en-suite bathrooms in every bedroom. An entertainers paradise awaits in the backyard, with a sparkling pool, built in sports bar, BBQ and bocce ball court.

Last Agent to Sell the Property

Ariyan Afshar

Compass License #01753779 Listed on: 09/04/2018

Compass

Co-Listed By

Samantha Nugent

Compass License #01966776

Last Buyer's Agent

Kathryn Shafer

Keller Williams Studio City License #01074362

Keller Williams Studio City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $75,058

Year Built

  • Built in 1984

Lot Details

  • 0.44 Acre Lot
  • Property is zoned LARE40

HOA Fees

  • $900 Monthly HOA Fees

Property Views

  • City Lights
  • Park or Greenbelt

Home Design

  • Contemporary Architecture

Interior Spaces

  • 5,458 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den
  • Wood Flooring
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Direct Access Garage
  • Auto Driveway Gate

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Outdoor Grill

Utilities

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

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 2382-018-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$75,058

Year Built

Built in 1984

Lot Details

0

HOA Fees

$900 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: The Summit
  • Living Area: 5458
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 7.00
  • Den: 1
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Phone System, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1006.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: City, City Lights, Green Belt
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Direct Entrance, Driveway Gate, Garage
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Community, Gated Community with Guard

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 900.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 2382-018-016
  • Geocode Override: No
  • Lot Size Area: 19058

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
Cwd Trust and Cwd Trust
Bought by
Kortmeyer Scott and Kortmeyer Kristin
Current Estimated Value
$7,258,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,478,591
Interest Rate
2.38%
Mortgage Type
New Conventional
Estimated Equity
$2,780,314

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 23, 2018
Sold by
Marshall Jonthan S and Helfer Tricia J
Bought by
Mesls Allan Edward and The Cwd Trust
Seller's Agent
Ariyan Afshar
Compass
Buyer's Agent
Kathryn Shafer
Keller Williams Studio City
List Price
$5,795,000
Sold Price
$5,400,000
Premium/Discount to List
-$395,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$4,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 6, 2013
Sold by
Marshall Jonathan and Helfer Tricia
Bought by
Marshall Jonathan S and Helfer Tricia J

Purchase Details

Closed on
Jun 15, 2011
Sold by
Eastman Kevin and Eastman Kevin Brooks
Bought by
Marshall Jonathan and Helfer Tricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,740,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2009
Sold by
Eastman Julie Strain
Bought by
Eastman Kevin Brooks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.91%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 10, 2009
Sold by
Spendlove Randy and Spendlove Alecia
Bought by
Eastman Kevin Brooks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.91%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 3, 2009
Sold by
Eastman Kevin Brooks
Bought by
Spendlove Randy and Spendlove Alecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
4.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 17, 2006
Sold by
Eastman Julie Strain
Bought by
Eastman Kevin Brooks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
7.35%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 16, 2006
Sold by
Jackoway James R and The Gemini Trust
Bought by
Eastman Kevin Brooks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
7.35%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 3, 2000
Sold by
Segal Mickey and Gemini Trust
Bought by
Jackoway James R and Gemini Trust

Purchase Details

Closed on
Aug 20, 1999
Sold by
Wolt Kenneth D and Wolt Claudia D
Bought by
Segal Mickey and The Gemini Trust

Purchase Details

Closed on
Apr 28, 1995
Sold by
Vanhalen Alexander A and Vanhalen Kelly
Bought by
Wolt Kenneth D and Wolt Claudia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
7.37%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kortmeyer Scott $5,825,000 First American Title Company O
Mesls Allan Edward $5,400,000 Equity Title Company
Marshall Jonathan S -- None Available
Marshall Jonathan $2,900,000 Equity Title Los Angeles
Eastman Kevin Brooks -- Equity Title Los Angeles
Eastman Kevin Brooks $250,000 Set Title Company
Spendlove Randy -- Equity Title Los Angeles
Eastman Kevin Brooks -- Fidelity National Title Co
Eastman Kevin Brooks -- Fidelity National Title Co
Jackoway James R -- --
Segal Mickey -- First American Title Co
Wolt Kenneth D $1,325,000 Progressive Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kortmeyer Scott $5,000,000
Previous Owner Mesls Allan Edward $4,000,000
Previous Owner Marshall Jonathan $1,740,000
Previous Owner Eastman Kevin Brooks $250,000
Previous Owner Spendlove Randy $2,800,000
Previous Owner Eastman Kevin Brooks $2,800,000
Previous Owner Eastman Kevin Brooks $2,800,000
Previous Owner Wolt Kenneth D $625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2018 11/28/18 Sold $5,400,000 -1.7% $989 / Sq Ft
09/10/2018 09/10/18 Price Changed $5,495,000 -5.2% $1,007 / Sq Ft
09/04/2018 09/04/18 For Sale $5,795,000 -- $1,062 / 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 $75,058 $6,305,166 $3,788,512 $2,516,654
2024 $75,058 $6,181,536 $3,714,228 $2,467,308
2023 $73,586 $6,060,330 $3,641,400 $2,418,930
2022 $70,162 $5,941,500 $3,570,000 $2,371,500
2021 $66,272 $5,565,062 $3,091,701 $2,473,361
2020 $66,899 $5,508,000 $3,060,000 $2,448,000
2019 $64,207 $5,400,000 $3,000,000 $2,400,000
2018 $33,079 $2,724,628 $1,655,858 $1,068,770
2016 $30,684 $2,543,314 $1,591,560 $951,754
2015 $31,515 $2,612,756 $1,567,654 $1,045,102
2014 $31,604 $2,561,576 $1,536,946 $1,024,630
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-382130

The MLS

APN: 2382-018-016