NOT LISTED FOR SALE

701 N Elm Dr Beverly Hills, CA 90210

Estimated Value: $7,816,000 - $16,593,602

5 Beds
9 Baths
9,453 Sq Ft
$1,168/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $14,500,000 $1,534 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $76,572/month

171 Days on Market

Highlights

  • Home Theater
  • In Ground Pool
  • Gated Parking
  • Hawthorne Elementary School Rated A
  • Primary Bedroom Suite
  • Two Primary Bathrooms

About This Home

As of February 2020

A most elegant gated Mediterranean estate sited at a commanding corner on one of the the Flats' most coveted 700 blocks. Voluminous spaces tastefully renovated in 2005 exhibit complete glamour complimented by fine materials. Featuring stone floors, French doors, mouldings, wainscotting, and built-ins. A dramatic 2sty foyer with sweeping staircase sets the tone. Grand formal living and dining rooms. Stunning office/library. Separate large gym and mammoth family room. Chef's kitchen and walk-in pantry beyond compare. Phenomenal master suite with sitting area, fireplace, two balconies, dual luxurious baths, and walk-ins. Each bedroom is 'en suite'. 2 powder rooms. Lower level with great room, fantastic bar, fireplace, lounge, professional theatre, wine storage. Kitchen and family room open to lush private grounds with a covered patio, fireplace, BBQ center, lawns, trampoline, pool, waterfall spa, and mature hedging. Truly a jewel in the Flats of Beverly Hills and within moments from all.

Last Agent to Sell the Property

Michael Libow

Compass License #00863172 Listed on: 09/03/2019

Compass

Last Buyer's Agent

Barbara Tenenbaum

Carolwood Estates License #00823256

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $187,182

Year Built

  • Built in 1992

Lot Details

  • 0.36 Acre Lot
  • Property is zoned BHR1*

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • 2 Carport Spaces
  • Driveway
  • Gated Parking

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 9,453 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Two Story Ceilings
  • Entryway
  • Great Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Library
  • Bonus Room
  • Home Gym
  • Laundry Room
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Powder Room
  • Maid or Guest Quarters

Pool

  • In Ground Pool
  • Saltwater Pool
  • Spa

Outdoor Features

  • Covered patio or porch
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4341-020-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$187,182

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 9453
  • Stories: 3
  • Year Built: 1992
  • Number Of Photos: 40
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Two Story Ceilings, Wet Bar
  • Fireplace Rooms: Exterior, Great Room, Living Room, Master Bedroom
  • Flooring: Carpet, Mixed, Stone
  • Bedrooms: 5
  • Fireplaces: 4
  • Full Bathroom: 7
  • Half Bathroom: 2
  • Bedroom Features: Master Suite, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Powder Room, Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Built-Ins
  • Fireplace: Yes
  • Price Per S Q F T: 1671.43

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Covered
  • Pool Description: Private, Salt/Saline
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 3
  • Parking Garage: Attached, Carport, Direct Entrance, Driveway, Garage - 2 Car, Garage Is Attached, Gated
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4341-020-025
  • Geocode Override: No
  • Lot Size Area: 15580

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Feb 21, 2020
Sold by
Clark Larison and Clark Lisa
Bought by
Leemann Ali and Leemann Anuradha
Seller's Agent
Michael Libow
Compass
Buyer's Agent
Barbara Tenenbaum
Carolwood Estates
List Price
$15,800,000
Sold Price
$14,500,000
Premium/Discount to List
-$1,300,000
-8.23%
Current Estimated Value
$11,040,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,459,799
Avg. Annual Appreciation
-4.09%
Original Mortgage
$8,600,000
Outstanding Balance
$7,509,166
Interest Rate
2.31%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,069,280

Purchase Details

Closed on
May 25, 2004
Sold by
Orlando Nicholas
Bought by
Clark Larison and Clark Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,970,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2000
Sold by
Orlando Nicholas
Bought by
Orlando Nicholas and Nocholas Orlando Family Trust

Purchase Details

Closed on
Mar 6, 1998
Sold by
Orlando Ingrid R
Bought by
Orlando Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.11%

Purchase Details

Closed on
May 3, 1995
Sold by
Orlando Ingrid Roisland
Bought by
Orlando Nicholas

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
8.12%

Purchase Details

Closed on
May 1, 1995
Sold by
Wolf Joseph
Bought by
Orlando Nicholas

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
8.12%
Source: Public Records

Range of Values:

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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
Leemann Ali $14,500,000 Chicago Title Company
Clark Larison $5,400,000 Provident
Orlando Nicholas -- --
Orlando Nicholas -- Provident Title
Orlando Nicholas -- Provident Title
Orlando Nicholas $3,400,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leemann Ali $8,600,000
Previous Owner Clark Larison $2,000,000
Previous Owner Clark Larison $4,771,294
Previous Owner Clark Larison $250,000
Previous Owner Clark Larison $3,750,000
Previous Owner Clark Larison $4,000,000
Previous Owner Clark Larison $2,917,600
Previous Owner Clark Larison $2,970,000
Previous Owner Orlando Nicholas $100,000
Previous Owner Orlando Nicholas $640,000
Previous Owner Orlando Nicholas $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $14,500,000 -8.2% $1,534 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
09/03/2019 09/03/19 For Sale $15,800,000 -- $1,671 / 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
2024 $187,182 $15,546,929 $10,882,851 $4,664,078
2023 $183,783 $15,242,088 $10,669,462 $4,572,626
2022 $178,501 $14,943,224 $10,460,257 $4,482,967
2021 $187,843 $14,650,220 $10,255,154 $4,395,066
2020 $82,371 $6,882,618 $5,480,609 $1,402,009
2019 $80,264 $6,747,666 $5,373,147 $1,374,519
2018 $77,111 $6,615,360 $5,267,792 $1,347,568
2016 $74,023 $6,358,480 $5,063,238 $1,295,242
2015 $70,856 $6,262,971 $4,987,184 $1,275,787
2014 $68,465 $6,140,289 $4,889,492 $1,250,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-506610

The MLS

APN: 4341-020-025