See Home Value
$8,225,322*
House - Off Market

12047 SUMMIT Circle

Beverly Hills, CA 90210
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
5458 Sqft
$4,946,000 - $6,044,000
Reference Base Price*
49.69%
Since Nov 1, 2018
CA-Los Angeles
Primary Model
Sold May 28, 2021
$5,825,000
$5,000,000 by Citibank Na
Mortgage Due Jun 01, 2051
Sold Nov 28, 2018
$5,400,000
$4,000,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2048

About This Property

An abundance of natural light fills this recently remodeled 5 bedroom/ 7 bathroom contemporary home located within the exclusive guard - gated community, The Summit. With stunning city views that span the entire valley, the home features vaulted ceilings, a chef's kitchen complete with Viking and Sub Zero appliances and the added luxury of en-suite bathrooms in every bedroom. An entertainers paradise awaits in the backyard, with a sparkling pool, built in sports bar, BBQ and bocce ball court.

The manager has listed the unit size as 5458 square feet.
Unit Size
5,458Ft²
Days on Market
-
Land Size
19,058.00 acres
Price per sqft
$1,007
Property Type
House
Property Taxes
-
HOA Dues
$75
Year Built
1984

Price History

Date / Event Date Event Price
May 28, 2021 Sold to Kristin Kortmeyer, Scott Ko... $5,825,000
Sold to Kristin Kortmeyer, Scott Ko...
Nov 28, 2018 Sold to Mesls Allan Edward $5,400,000
Sold to Mesls Allan Edward
Oct 27, 2018 No longer available -
No longer available
Sep 6, 2018 No longer available -
No longer available
Sep 4, 2018 Listed $5,495,000
Listed
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,058
  • Lot Size Depth Feet: 2,130
  • Lot Size Frontage Feet: 900
  • Total Building Area: 5,458
  • Building Area: 5,458
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,458
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 29033
  • Land Acres: 0.438
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *TR=29033 LOT/SEC 55

Ownership

  • Current Owner : KORTMEYER SCOTT
  • Current Owner 2: KORTMEYER KRISTIN
  • Previous Owner : MESIA ALLAN EDWARD
  • Previous Owner 2: CWD TRUST
  • Owner Before Previous Owner: MARSHALL JONTHAN S
  • Owner Before Previous Owner 2: HELFER TRICIA J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 143901

Zoning

  • Zoning: LARE40

Geography

  • Assessors Map Reference: 23-C6
  • Subdivision Tract Number: 29033
  • Parcel: 2382-018-016
  • Lot: 55
  • Municipality: NORTH /STUDIO CITY
  • Latitude: 34.1256
  • Longitude: -118.399

    Address

  • Full Address: 12047 Summit Cir
  • Address - House Number: 12047
  • Address - Street Name: Summit
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: Beverly Hills
  • Carrier Code: C064
  • 4-Digit Zip Code: 1375
  • Zip Code: 90210

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $70,162
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2313
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 4,636,529
  • High Value: 5,709,091
  • Low Value: 3,563,966

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: May 28, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,060,330
  • Assessed Land Value: $3,641,400
  • Assessed Improvements Value: $2,418,930

    Sales

  • Current Sale Contract Date: May 18, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Transaction ID: 11836329143
  • Current Sale Price: $5,825,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0860506
  • Previous Sale Recording Date: Nov 28, 2018
  • Previous Sale Contract Date: Oct 23, 2018
  • Previous Sale Amount: $5,400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: May 28, 2021
  • First Mortgage Loan Amount: $5,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 28, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $4,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
4,620 ft²
$987/ft²
$4,559,000 Oct 5, 2023
-
-
House
6 Beds
7.5 Baths
5,287 ft²
$946/ft²
$4,999,000 Sep 7, 2023
-
-
House
6 Beds
2.5 Baths
4,900 ft²
$954/ft²
$4,675,000 Jul 10, 2023
-
-
House
4 Beds
4 Baths
4,638 ft²
$1,283/ft²
$5,950,000 Sep 13, 2023
-
-

About South Valley


Similar Homes for Sale

Unit for sale at 11662 Duque Drive, Studio City, CA 91604

$5,950,000

  • 4 Beds
  • 4 Baths
  • 4,638 ft²
11662 Duque Drive, Studio City, CA 91604 Listing by Craig Knizek
Unit for sale at 12164 Viewcrest Road, Studio City, CA 91604

$4,675,000

  • 6 Beds
  • 2.5 Baths
  • 4,900 ft²
12164 Viewcrest Road, Studio City, CA 91604 Listing by Jennifer Shor
Unit for sale at 12031 Mound View Place, Studio City, CA 91604

$4,999,000

  • 6 Beds
  • 7.5 Baths
  • 5,287 ft²
12031 Mound View Place, Studio City, CA 91604 Listing by Michelle Schwartz

Nearby Rentals

Unit for rent at 8469 Franklin Ave, LOS ANGELES, CA, 90069

$16,000 /mo

  • 4 Beds
  • 4 Baths
  • 2,585 ft²
8469 Franklin Ave, LOS ANGELES, CA, 90069 Listing by Patrick Michael
Unit for rent at 12517 Hortense St, Studio City, CA, 91604

$18,000 /mo

  • 5 Beds
  • 5 Baths
  • 3,877 ft²
12517 Hortense St, Studio City, CA, 91604 Listing by Danielle Armiento
Unit for rent at 4923 Rhodes Avenue, Valley Village, CA, 91607

$15,995 /mo

  • 5 Beds
  • 5 Baths
  • 3,477 ft²
4923 Rhodes Avenue, Valley Village, CA, 91607 Listing by Natalie Erster


Frequently Asked Questions

When was property at 12047 Summit Circle built and last sold?
The property at 12047 Summit Circle was built in 1984 and last sold on May 18, 2021 for $5,825,000.
How much is this home worth?
The estimated value of the home located at 12047 Summit Circle is $5,549,950.
What are some comparable homes to 12047 Summit Circle?
There are currently no comparable homes to 12047 Summit Circle.

Quantcast