SOLD SEP 5, 2014
RENTED AUG 25, 2024
614 N Palm Dr Beverly Hills, CA 90210
5
Beds
9
Baths
8,457
Sq Ft
0.3
Acres
Highlights
- 24-Hour Security
- Home Theater
- In Ground Pool
- Hawthorne Elementary School Rated A
- Newly Remodeled
- Sauna
About This Home
As of December 2020This elegant 5 bed, 9 bath Contemporary Mediterranean home sits behind private gates in the heart of Beverly Hills. New construction, 8,450+ sq ft. Main level features a gracious entrance hall with 25 ft. ceilings and grand staircase; living room with dark walnut floors, fireplace, tall French doors; sophisticated library; formal dining room; open chef's kitchen with stunning stone island, Wolf/Sub-Zero appliances. Throughout, the details are exquisite - crown moldings, imported tile, unique "Moonscape" glass on pocket doors. Outdoor dining area flows to a second gazebo, outdoor kitchen and custom-tiled swimmer's pool & hot tub. Upstairs: 3 light-filled, en-suite bedrooms plus the exquisite master suite. Lower level: a fitness room; marble bath; home theater; bank vault; en-suite maid's room; and subterranean garage fitting up to 10 cars. Everything automated, featuring Vantage lighting system and state of the art security. A great investment for the future.
Co-Listed By
Christopher Miller
The Agency New Development License #01337271
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $137,360
Year Built
- Built in 2013 | Newly Remodeled
Lot Details
- 0.3 Acre Lot
- Gated Home
- Property is zoned BHR1*
Property Views
- City
- Hills
Home Design
- Contemporary Architecture
- Composition Roof
Interior Spaces
- 8,457 Sq Ft Home
- 3-Story Property
- Elevator
- Central Vacuum
- Built-In Features
- Bar
- Formal Entry
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Dining Room
- Home Theater
- Den
- Library
- Bonus Room
- Utility Room
- Sauna
- Home Gym
- Center Hall
- Security System Owned
- Basement
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Oven or Range
- Freezer
- Water Line To Refrigerator
- Dishwasher
- Disposal
Flooring
- Wood
- Parquet
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- Dressing Area
- Powder Room
- Maid or Guest Quarters
- Spa Bath
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Parking
- 10 Car Direct Access Garage
- 2 Open Parking Spaces
- Circular Driveway
- Gated Parking
- Controlled Entrance
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Covered patio or porch
- Outdoor Grill
Utilities
- Zoned Heating and Cooling
- Vented Exhaust Fan
- Sewer in Street
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 4341-011-007
Community Details
Amenities
- Service Entrance
Security
- 24-Hour Security
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 23, 2021
Closed on
Aug 25, 2021
Sold by
Kohan Emil James
Bought by
Koftan Emil James and The Palm Trust
Seller's Agent
Elena Safaei
Golden Real Estate Group
Buyer's Agent
Diana Arias
Douglas Elliman
Sold Price
$55,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,682,873
Purchase Details
Listed on
Aug 20, 2020
Closed on
Nov 5, 2020
Sold by
Tsoong Victoria J
Bought by
Kohan Emil James
Seller's Agent
Gus Ruelas
The Agency
Buyer's Agent
Gus Ruelas
The Agency
List Price
$12,900,000
Sold Price
$10,775,000
Premium/Discount to List
-$2,125,000
-16.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.76%
Original Mortgage
$7,003,750
Interest Rate
2.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 20, 2014
Closed on
Jul 22, 2014
Sold by
Kharrazi Izak
Bought by
Tsoong Victoria J and Victoria J Tsoong Trust
Seller's Agent
William Rose
The Agency
Buyer's Agent
Santiago Arana
The Agency
List Price
$9,500,000
Sold Price
$8,800,000
Premium/Discount to List
-$700,000
-7.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.27%
Original Mortgage
$7,800,000
Interest Rate
4.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 22, 2002
Sold by
Barry Steven M and Barry Alan G
Bought by
Kharrazi Izak
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.37%
Similar Homes in Beverly Hills, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $10,775,000 | Western Resources Title | |
| Grant Deed | $8,800,000 | Provident Title Company | |
| Grant Deed | -- | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | Credit Line Revolving | |
| Open | $7,003,000 | New Conventional | |
| Closed | $7,003,750 | New Conventional | |
| Previous Owner | $7,800,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $3,900,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $1,250,000 | Unknown | |
| Previous Owner | $1,400,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2024 08/25/24 | Rented | $34,000 | -2.9% | -- |
| 05/07/2024 05/07/24 | Price Changed | $34,999 | -12.3% | $4 / Sq Ft |
| 05/01/2024 05/01/24 | For Rent | $39,900 | -27.5% | -- |
| 10/08/2021 10/08/21 | Rented | $55,000 | 0.0% | -- |
| 06/23/2021 06/23/21 | For Rent | $55,000 | 0.0% | -- |
| 12/18/2020 12/18/20 | Sold | $10,775,000 | -16.5% | $1,274 / Sq Ft |
| 11/02/2020 11/02/20 | Pending | -- | -- | -- |
| 08/20/2020 08/20/20 | For Sale | $12,900,000 | +46.6% | $1,525 / Sq Ft |
| 09/05/2014 09/05/14 | Sold | $8,800,000 | -7.4% | $1,041 / Sq Ft |
| 07/14/2014 07/14/14 | Pending | -- | -- | -- |
| 03/20/2014 03/20/14 | For Sale | $9,500,000 | -- | $1,123 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $137,360 | $11,434,515 | $10,399,838 | $1,034,677 |
| 2023 | $134,860 | $11,210,310 | $10,195,920 | $1,014,390 |
| 2022 | $130,981 | $10,990,500 | $9,996,000 | $994,500 |
| 2021 | $127,227 | $10,775,000 | $9,800,000 | $975,000 |
| 2020 | $114,934 | $9,670,661 | $7,489,269 | $2,181,392 |
| 2019 | $111,976 | $9,481,041 | $7,342,421 | $2,138,620 |
| 2018 | $107,661 | $9,295,139 | $7,198,452 | $2,096,687 |
| 2016 | $103,470 | $8,934,199 | $6,918,928 | $2,015,271 |
| 2015 | $99,021 | $8,800,000 | $6,815,000 | $1,985,000 |
| 2014 | -- | $6,901,059 | $2,362,969 | $4,538,090 |
Source: Public Records
Agents Affiliated with this Home
-
Tracy Tutor
Seller's Agent in 2024
Tracy Tutor
Compass
(310) 595-3889
2 in this area
128 Total Sales
-
Valerie Fitzgerald
Buyer's Agent in 2024
Valerie Fitzgerald
Coldwell Banker Realty
(310) 285-7515
4 in this area
35 Total Sales
-
Elena Safaei
Seller's Agent in 2021
Elena Safaei
Golden Real Estate Group
(213) 253-8882
1 in this area
8 Total Sales
-
Javad Safaei
J
Seller Co-Listing Agent in 2021
Javad Safaei
Golden Real Estate Group
(310) 910-3333
3 Total Sales
-
Diana Arias
Buyer's Agent in 2021
Diana Arias
Douglas Elliman
(619) 358-0844
10 Total Sales
-
Gus Ruelas
Seller's Agent in 2020
Gus Ruelas
The Agency
(626) 375-5401
1 in this area
33 Total Sales
Map
Source: The MLS
MLS Number: 14-746041
APN: 4341-011-007
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