NOT LISTED FOR SALE

1531 Summitridge Dr Beverly Hills, CA 90210

Beverly Crest Neighborhood

Estimated Value: $7,633,000 - $15,024,797

8 Beds
11 Baths
11,500 Sq Ft
$985/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $17,500,000 $1,522 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $73,495/month

24 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Home Theater
  • Warner Avenue Elementary Rated A
  • Art Studio
  • Heated In Ground Pool

About This Home

As of July 2024

A breathtaking gated estate & compound majestically sited on nearly an acre lot, reminiscent of a villa in the south of France. Every detail has been completely remodeled with the finest level of taste, style, and sophistication. True resort living at its finest featuring 3 separate structures, a stunning main residence with 5 bedrooms, den, family room, library, multiple fireplaces, vaulted ceilings, and expansive loggias with head on views and lush gardens. Separate pool side theatre/media building with professional screening room & office, plus a full 2-bedroom guest house with soaring ceilings, living room with high beamed ceilings, dining room, office, full kitchen, and professional gym/wellness, all overlooking gorgeous city to ocean views. Spectacular gardens, large lawn, and a resort-like swimming pool complete the estate. An incredible package. Shown to pre-qualified clients only.

Last Agent to Sell the Property

Kurt Rappaport

Westside Estate Agency Inc. License #01036061 Listed on: 04/15/2024

Westside Estate Agency Inc.

Last Buyer's Agent

Rochelle Maize

Nourmand & Associates-BH License #01365331

Nourmand & Associates-BH

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 0.85 Acre Lot
  • Property is zoned LARE20

Property Views

  • Ocean
  • City Lights
  • Trees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 11,500 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Theater
  • Den
  • Art Studio
  • Utility Room
  • Home Gym
  • Security System Owned

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 10 Car Garage
  • Auto Driveway Gate

Pool

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

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4355-005-013

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 11500
  • Stories: 3
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Guest House, Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Marble
  • Bedrooms: 8
  • Fireplaces: 3
  • Full Bathroom: 9
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 11.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Network Wire, Phone System, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1643.48

Exterior Features

  • Other Structures: GuestHouse
  • Guest House: Detached
  • Pool Description: Heated, In Ground, Private
  • Pool: Yes
  • Spa: Heated, In Ground, Private
  • Spa Yn: Yes
  • View: City, City Lights, Ocean, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway Gate, Garage, Gated
  • Total Parking: 10

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Owned
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4355-005-013
  • Lot Description: 2-4 Lots
  • Lot Size Area: 37055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jul 1, 2024
Sold by
Gene Hampton Trust and Barash Corey
Bought by
692 North Robertson Boulevard Llc
Seller's Agent
Kurt Rappaport
Westside Estate Agency Inc.
Buyer's Agent
Rochelle Maize
Nourmand & Associates-BH
List Price
$18,900,000
Sold Price
$17,500,000
Premium/Discount to List
-$1,400,000
-7.41%
Views
419
Current Estimated Value
$11,328,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,171,101
Avg. Annual Appreciation
-26.38%

Purchase Details

Closed on
May 15, 2007
Sold by
Nicita Charles Richard and Charles Richard Nicita Living
Bought by
Nicita Richard and Wagner Paula

Purchase Details

Closed on
Sep 8, 2003
Sold by
Nicita C Richard and Wagner Paula
Bought by
Nicita Charles Richard and Charles Richard Nicita Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,700
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2002
Sold by
Nicita C Richard and Wagner Paula
Bought by
Nicita Charles Richard and Charles Richard Nicita Living

Purchase Details

Closed on
Mar 28, 2002
Sold by
Nicita Charles Richard and Charles Richard Nicita Living
Bought by
Nicita C Richard and Wagner Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,200
Interest Rate
6.78%

Purchase Details

Closed on
Mar 12, 2002
Sold by
Nicita Charles Richard and Charles Richard Nicita Living
Bought by
Nicita C Richard and Wagner Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,200
Interest Rate
6.78%

Purchase Details

Closed on
Jun 19, 1995
Sold by
Nicita C Richard and Wagner Paula
Bought by
Nicita Charles Richard and Wagner Paula
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
692 North Robertson Boulevard Llc $17,500,000 First American Title
Nicita Richard -- None Available
Nicita Charles Richard -- --
Nicita C Richard -- Fidelity
Nicita Charles Richard -- --
Nicita Charles Richard -- --
Nicita C Richard -- --
Nicita C Richard -- --
Nicita Charles Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nicita C Richard $890,700
Previous Owner Nicita C Richard $688,200
Previous Owner Nicita C Richard $922,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2024 07/08/24 Sold $17,500,000 -7.4% $1,522 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $18,900,000 +74.6% $1,643 / Sq Ft
08/24/2015 08/24/15 Sold $10,825,000 -13.4% $2,822 / Sq Ft View Prior Sale
02/12/2015 02/12/15 For Sale $12,500,000 -- $3,259 / 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 $166,849 $14,000,000 $10,000,000 $4,000,000
2024 $166,849 $13,848,002 $6,899,681 $6,948,321
2023 $163,555 $13,576,474 $6,764,394 $6,812,080
2022 $155,873 $13,310,269 $6,631,759 $6,678,510
2021 $154,064 $13,049,284 $6,501,725 $6,547,559
2020 $155,637 $12,915,480 $6,435,058 $6,480,422
2019 $99,019 $8,378,236 $6,308,881 $2,069,355
2018 $98,729 $8,213,958 $6,185,178 $2,028,780
2016 $94,490 $7,895,000 $5,945,000 $1,950,000
2015 $48,730 $4,062,031 $3,214,737 $847,294
2014 $48,864 $3,982,462 $3,151,765 $830,697
Source: Public Records

Agents Affiliated with this Home

  • Kurt Rappaport

    Seller's Agent in 2024

    Kurt Rappaport

    Westside Estate Agency Inc.

    (310) 247-7770

    12 in this area

    101 Total Sales

    Kurt Rappaport
    Section Image
  • Rochelle Maize

    Buyer's Agent in 2024

    Rochelle Maize

    Nourmand & Associates-BH

    (310) 968-8828

    4 in this area

    87 Total Sales

    Rochelle Maize
    Section Image
  • Branden Williams

    Seller's Agent in 2015

    Branden Williams

    The Beverly Hills Estates

    (310) 278-3311

    16 in this area

    190 Total Sales

    Branden Williams
    Section Image

  • R

    Seller Co-Listing Agent in 2015

    Ron de Salvo

    Compass

    Section Image
  • Jonathan Ruiz

    Buyer's Agent in 2015

    Jonathan Ruiz

    The Agency

    (866) 371-6468

    1 in this area

    31 Total Sales

    Jonathan Ruiz
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-378855

The MLS

APN: 4355-005-013

California Los Angeles County Beverly Hills 90210 Beverly Crest

1531 Summitridge Dr, Beverly Hills, CA

Not Listed for Sale

Detached

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