NOT LISTED FOR SALE

Estimated Value: $8,066,000 - $12,763,659

7 Beds
8.5 Baths
11,485 Sq Ft
$854/Sq Ft Est. Value

Last Sold March 20, 2014

Last sale price $8,250,000 $718 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $63,473/month

704 Days on Market

Highlights

  • Tennis Courts
  • Art Studio
  • Heated In Ground Pool
  • Roscomare Road Elementary Rated A
  • 24-Hour Security
  • Canyon View

About This Home

As of March 2014

This magnificent custom-built home seamlessly combines modern luxury with the elegance of a grand Italian Villa. Stunning architectural features in this apx 11,500 sq ft home include a two-story entrance, hand-textured Venetian walls, stone and walnut wood floors, commercial grade elevator, handcarved wood details and custom cabinetry. All doors open to the rear yard with an expansive veranda with grassy area, pool, spa and glorious vista canyon views. The fabulous master suite opens to a covered balcony with his and hers large dressing areas and luxurious baths. There is also a Junior Suite and a fifth bedroom that sits above the six-car garage with separate entrance that could be a gym, theater or guest, quarters. The first floor offers a large billiard/game room, bar and office. The gourmet kitchen is a cook's delight featuring granite countertops and a huge center island. This elegant estate is located in the prestigious 24-hour gated community of Bel Air Crest with tennis courts.

Last Agent to Sell the Property

Arline Bolin

TSG Premier Realty License #01089529 Listed on: 03/25/2012

Last Buyer's Agent

Keith Geller

License #00919059

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $120,310

Year Built

  • Built in 2003

Lot Details

  • 0.55 Acre Lot
  • Gated Home
  • Property is zoned LARE15

Property Views

  • Canyon
  • Mountain
  • Park or Greenbelt

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 11,485 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Built-In Features
  • Gas Fireplace
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library
  • Art Studio
  • Dance Studio
  • Home Gym
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room
  • 8.5 Bathrooms
  • Fireplace in Bathroom

Parking

  • Direct Access Garage
  • Tandem Parking

Pool

  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch
  • Lanai
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4377-048-016

Community Details

Recreation

  • Tennis Courts

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$120,310

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 11485
  • Stories: 2
  • Year Built: 2003
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Bath, Family Room, Gas, Living Room, Master Bedroom
  • Flooring: Hardwood, Stone
  • Bedrooms: 7
  • Fireplaces: 4
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 8.50
  • Den: 0
  • Equipment: Alarm System, Barbeque, Built-Ins, Central Vacuum, Dishwasher, Elevator, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Trash Compactor
  • Fireplace: Yes
  • Price Per S Q F T: 783.20

Exterior Features

  • Tennis Court: Community
  • Tennis Court Y/N: Yes
  • Pool Description: Heated, Private
  • Pool: Yes
  • Roof: Tile
  • Spa: Private
  • Spa Yn: Yes
  • View: Canyon, Green Belt, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Attached, Direct Entrance, Private Garage, Tandem

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: 24 Hour, Community, Gated, Guarded
  • Sewer: In Street

Condo/Co-op/Association

  • HOA Fees: 933.00

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4377-048-016
  • Lot Size Area: 24099

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2012
Closed on
Feb 13, 2014
Sold by
Lack Walter and Lack Barbara
Bought by
The 1998 Amritraj Family Trust
Seller's Agent
Arline Bolin
TSG Premier Realty
Buyer's Agent
Keith Geller
List Price
$8,995,000
Sold Price
$8,250,000
Premium/Discount to List
-$745,000
-8.28%
Current Estimated Value
$9,809,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,559,220

Purchase Details

Closed on
May 15, 2007
Sold by
Litman Tony and Litman Paula
Bought by
Lack Walter and Lack Barbara

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
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2004
Sold by
2172 Stratford Llc
Bought by
Litman Tony and Litman Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,400,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2002
Sold by
Schwartzberg Debbie and Schwartzberg Gil N
Bought by
2172 Stratford Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 1, 2002
Sold by
Schwartzberg Debbie
Bought by
Schwartzberg Gil N and Schwartzberg Debbie

Purchase Details

Closed on
Nov 5, 1999
Sold by
Schwartzberg Gil N
Bought by
Schwartzberg Debbie

Purchase Details

Closed on
Oct 27, 1999
Sold by
Bel Air Crest
Bought by
Schwartzberg Debbie
Source: Public Records

Range of Values:

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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
The 1998 Amritraj Family Trust $8,250,000 Lawyers Title La
Lack Walter $9,000,000 Stewart Title
Litman Tony $5,400,000 Stewart Title
2172 Stratford Llc -- Chicago Title Co
Schwartzberg Gil N -- Chicago Title Co
Schwartzberg Debbie -- First American Title Co
Schwartzberg Debbie $48,681 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lack Walter $5,000,000
Previous Owner Lack Walter $5,000,000
Previous Owner Litman Tony $1,500,000
Previous Owner Litman Tony $1,000,000
Previous Owner Litman Tony $3,400,000
Previous Owner 2172 Stratford Llc $1,000,000
Previous Owner 2172 Stratford Llc $1,500,000
Previous Owner 2172 Stratford Llc $400,000
Previous Owner 2172 Stratford Llc $800,000
Previous Owner 2172 Stratford Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2014 03/20/14 Sold $8,250,000 -8.3% $718 / Sq Ft
09/26/2012 09/26/12 For Sale $8,995,000 +9.0% $783 / Sq Ft
09/25/2012 09/25/12 Off Market $8,250,000 -- --
03/25/2012 03/25/12 For Sale $8,995,000 -- $783 / 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 $120,310 $10,113,363 $4,153,342 $5,960,021
2024 $120,310 $9,915,062 $4,071,904 $5,843,158
2023 $117,953 $9,720,650 $3,992,063 $5,728,587
2022 $112,450 $9,530,050 $3,913,788 $5,616,262
2021 $111,087 $9,343,188 $3,837,048 $5,506,140
2019 $107,667 $9,066,066 $3,723,240 $5,342,826
2018 $107,237 $8,888,301 $3,650,236 $5,238,065
2016 $102,543 $8,543,159 $3,508,494 $5,034,665
2015 $101,026 $8,414,834 $3,455,794 $4,959,040
2014 $91,700 $7,470,000 $4,150,000 $3,320,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-589895

The MLS

APN: 4377-048-016