701 N Elm Dr Beverly Hills, CA 90210
Estimated Value: $8,079,000 - $17,523,339
5
Beds
9
Baths
9,453
Sq Ft
$1,225/Sq Ft
Est. Value
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 2020A 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.
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
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%
Total Days on Market
171
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
-$2,921,554
Avg. Annual Appreciation
-5.29%
Original Mortgage
$8,600,000
Outstanding Balance
$7,546,422
Interest Rate
2.31%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,344,465
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%
Similar Homes in Beverly Hills, CA
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Home Values in the Area
Average Home Value in this Area
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
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
-
Michael Libow
Seller's Agent in 2020
Michael Libow
Compass
(310) 691-7889
53 in this area
102 Total Sales
-
Barbara Tenenbaum
Buyer's Agent in 2020
Barbara Tenenbaum
Carolwood Estates
(310) 720-7270
1 in this area
27 Total Sales
-
Eric Hassan
Buyer Co-Listing Agent in 2020
Eric Hassan
Carolwood Estates
(310) 971-5655
2 in this area
40 Total Sales
Map
Source: The MLS
MLS Number: 19-506610
APN: 4341-020-025
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