NOT LISTED FOR SALE

1777 Summitridge Dr Beverly Hills, CA 90210

Beverly Crest Neighborhood

Estimated Value: $2,546,000 - $11,026,126

4.13 Acres
$1,642,547 Price per Acre
179,965 Sq Ft Lot

Last Sold December 05, 2012

Last sale price $7,500,000

Est. 10% decrease in value since last sale

Current estimated payment $44,406/month

73 Days on Market

Highlights

  • Ocean View
  • Warner Avenue Elementary Rated A
  • 179,965 Sq Ft lot

About This Lot

As of December 2012

Spectacular setting, breathtaking views. Located down a long private driveway set far from the street boasting a total of 3.65 acres with multiple pads. Build the ultimate dream estate. Private and secluded. Adjacent to 1775 Summitridge Dr.

Last Agent to Sell the Property

Sevak Khatchadourian

Westside Estate Agency Inc. License #01006619 Listed on: 07/30/2012

Westside Estate Agency Inc.

Last Buyer's Agent

John Giddins

Sotheby's International Realty License #01242450

Sotheby's International Realty

Property Details

Property Type

  • Land

Lot Details

  • 4.13 Acre Lot

Property Views

  • Ocean
  • City Lights
  • Trees
  • Canyon
  • Mountain
  • Park or Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 4355-001-016

Property Details

Property Type

Land

Lot Details

4.13 Acres

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, City Lights, Green Belt, Mountains, Ocean, Tree Top
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 4355-001-016
  • Lot Size Area: 179965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2012
Closed on
Oct 24, 2012
Sold by
Beverly Summit Llc
Bought by
Bh Summit Llc
Seller's Agent
Sevak Khatchadourian
Westside Estate Agency Inc.
Buyer's Agent
John Giddins
Sotheby's International Realty
List Price
$8,250,000
Sold Price
$7,500,000
Premium/Discount to List
-$750,000
-9.09%
Current Estimated Value
$6,786,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$713,937
Avg. Annual Appreciation
-0.75%

Purchase Details

Closed on
Dec 7, 2007
Sold by
Summit Ridge Estates Llc
Bought by
Beverly Summit Llc

Purchase Details

Closed on
Aug 15, 2005
Sold by
Summit Ridge Estates Llc
Bought by
Summit Ridge Estates Ii Llc

Purchase Details

Closed on
Jul 15, 2005
Sold by
Kocinski John
Bought by
Summit Ridge Estates Llc

Purchase Details

Closed on
Feb 7, 2005
Sold by
Lester Al and Lester Lil
Bought by
Kocinski John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
1777 Summit Ridge Llc
Bought by
Newburg Roland and Ronald Newburg Living Trust

Purchase Details

Closed on
Jul 20, 2001
Sold by
Fitzgerald Michael J and Elliott Fitzgerald C
Bought by
1777 Summit Ridge Llc

Purchase Details

Closed on
Sep 10, 1999
Sold by
Fitzgerald Shannon C
Bought by
Fitzgerald Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
7.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 1998
Sold by
Fitzgerald Michael J and Elliot Fitzgerald C
Bought by
Smith Stanley R and Smith Steven G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 1998
Sold by
Rabinowitz M Elizabeth and Collier Margaret E
Bought by
Fitzgerald Michael J and Elliot Fitzgerald C

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
6.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1998
Sold by
Fitzgerald Shannon C
Bought by
Fitzgerald Michael J

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
6.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Bh Summit Llc $7,500,075 Equity Title Los Angeles
Beverly Summit Llc -- Chicago Title Company
Summit Ridge Estates Ii Llc -- --
Summit Ridge Estates Llc -- --
Kocinski John -- Chicago Title Co
Newburg Roland $2,653,500 Stewart Title
1777 Summit Ridge Llc -- --
Fitzgerald Michael J -- --
Fitzgerald Michael J -- --
Smith Stanley R -- --
Fitzgerald Michael J -- United Title Company
Fitzgerald C Elliott -- United Title Company
Fitzgerald Michael J -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kocinski John $1,475,000
Previous Owner Fitzgerald Michael J $525,000
Previous Owner Smith Stanley R $650,000
Previous Owner Fitzgerald Michael J $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2012 12/05/12 Sold $7,500,000 -9.1% --
10/11/2012 10/11/12 Pending -- -- --
07/30/2012 07/30/12 For Sale $8,250,000 -- --
Source: The MLS

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 $104,514 $8,866,282 $8,866,282 --
2024 $104,514 $8,692,434 $8,692,434 --
2023 $102,451 $8,521,995 $8,521,995 $0
2022 $97,621 $8,354,898 $8,354,898 $0
2021 $96,500 $8,191,077 $8,191,077 $0
2019 $93,562 $7,948,126 $7,948,126 $0
2018 $93,432 $7,792,281 $7,792,281 $0
2016 $89,500 $7,489,699 $7,489,699 $0
2015 $88,169 $7,377,197 $7,377,197 $0
2014 $88,432 $7,232,688 $7,232,688 $0
Source: Public Records

Agents Affiliated with this Home

  • Sevak Khatchadourian

    Seller's Agent in 2012

    Sevak Khatchadourian

    Westside Estate Agency Inc.

    (818) 216-2904

    2 in this area

    29 Total Sales

    Sevak Khatchadourian
    Section Image
  • John Giddins

    Buyer's Agent in 2012

    John Giddins

    Sotheby's International Realty

    (310) 666-6365

    1 in this area

    26 Total Sales

    John Giddins
    Section Image
  • Tracey Clarke

    Buyer Co-Listing Agent in 2012

    Tracey Clarke

    Sotheby's International Realty

    (310) 880-7513

    17 Total Sales

    Tracey Clarke
    Section Image
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Map

Source: The MLS

MLS Number: 12-615647

The MLS

APN: 4355-001-016

California Los Angeles County Beverly Hills 90210 Beverly Crest

1777 Summitridge Dr, Beverly Hills, CA

Not Listed for Sale

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