NOT LISTED FOR SALE

Estimated Value: $6,817,000 - $33,480,208

6 Beds
7 Baths
11,598 Sq Ft
$1,737/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $25,150,000 $2,168 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $134,722/month

255 Days on Market

Highlights

  • Wine Cellar
  • In Ground Pool
  • 78,396 Sq Ft lot
  • Warner Avenue Elementary Rated A
  • City Lights View
  • Traditional Architecture

About This Home

As of June 2017

At the top of a private, gated drive in the exclusive Beverly Park community enclave, this gorgeous tennis court estate has been stunningly revamped and reimagined. Sitting on nearly two acres, with unparalleled city and canyon views, this sprawling gem epitomizes laid-back California luxury. A large motor court and fountain beckon you into a spacious, light-filled home with refined details throughout. Traditional interiors include both formal and informal living and dining spaces, study, chef's kitchen, and powder room. Upstairs are three generous en-suite guest rooms and a large master suite with dual bathrooms, walk-in closets, and balcony overlooking the grounds. Outdoor area is complete with palm trees, rolling lawns, Grecian pool, spa, and reflection pond, as well as a guest pavilion with full kitchen and open living area. Amenities and finishes such as marble and onyx countertops, wood details, impeccable landscaping, and magnificent views complete this Beverly Hills offering.

Last Agent to Sell the Property

Mauricio Umansky

The Agency License #01222825 Listed on: 08/15/2016

The Agency

Co-Listed By

Farrah Brittany Aldjufrie

The Agency License #01933070

Last Buyer's Agent

Drew Fenton

Carolwood Estates License #01317962

Carolwood Estates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • 1.8 Acre Lot
  • Property is zoned LARE40

Parking

  • Attached Garage

Property Views

  • City Lights
  • Canyon

Home Design

  • Traditional Architecture

Interior Spaces

  • 11,598 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Formal Entry
  • Wine Cellar
  • Dining Room
  • Home Office
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 7 Full Bathrooms

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4386-014-026

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

1.8 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 11598
  • Stories: 2
  • Year Built: 1993
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 6
  • Full Bathroom: 7
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins, Dishwasher, Elevator, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 2586.22

Exterior Features

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

Garage/Parking

  • Parking Garage: Attached

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4386-014-026
  • Geocode Override: No
  • Lot Size Area: 78396

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2016
Closed on
Jun 7, 2017
Sold by
Park Circle Properties Llc
Bought by
Leibel Cody
Seller's Agent
Mauricio Umansky
The Agency
Buyer's Agent
Drew Fenton
Carolwood Estates
List Price
$29,995,000
Sold Price
$25,150,000
Premium/Discount to List
-$4,845,000
-16.15%
Current Estimated Value
$20,148,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,001,396
Avg. Annual Appreciation
-2.50%
Original Mortgage
$12,575,000
Outstanding Balance
$10,150,438
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$9,998,166

Purchase Details

Closed on
May 27, 2015
Sold by
Williamson Clifford B and Beverly Park Circle Trust
Bought by
Park Circle Properties Llc

Purchase Details

Closed on
Jan 23, 2003
Sold by
Fortner Steven E and The Fortner Marital Trust
Bought by
Williamson Clifford B and Beverly Park Circle Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
4.25%

Purchase Details

Closed on
Jun 20, 2001
Sold by
Fortner Steven and Fortner Revocable Trust
Bought by
Fortner Steven E and Steven E Fortner Trust

Purchase Details

Closed on
Jul 1, 1993
Sold by
Fortner Steven and Fortner Revocable Trust
Bought by
Fortner Steven E and Fortner Marilyn 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
7.28%
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
Leibel Cody $25,150,000 None Available
Park Circle Properties Llc $22,250,000 First American Title Company
Williamson Clifford B $9,000,000 Stewart Title
Fortner Steven E -- --
Fortner Steven E -- --
Fortner Steven E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leibel Cody $12,575,000
Previous Owner Williamson Clifford B $7,000,000
Previous Owner Fortner Steven E $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $25,150,000 -16.2% $2,168 / Sq Ft
08/15/2016 08/15/16 For Sale $29,995,000 -- $2,586 / Sq Ft
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 $344,857 $29,188,733 $19,613,669 $9,575,064
2024 $344,857 $28,616,406 $19,229,088 $9,387,318
2023 $338,048 $28,055,301 $18,852,048 $9,203,253
2022 $322,149 $27,505,198 $18,482,400 $9,022,798
2021 $318,402 $26,965,881 $18,120,000 $8,845,881
2019 $308,676 $26,166,059 $17,582,551 $8,583,508
2018 $307,699 $25,653,000 $17,237,796 $8,415,204
2016 $269,936 $22,589,311 $14,695,743 $7,893,568
2015 $147,430 $12,309,254 $8,435,655 $3,873,599
2014 -- $12,068,134 $8,270,413 $3,797,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-153268

The MLS

APN: 4386-014-026

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