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12070 Summit Circle

12070 Summit Circle, Beverly Hills, CA 90210
Property in Studio City
Sold Jul 25, 1995
$1,300,000
$832,942 by Jpmorgan Chase Bank Na
Mortgage Due May 01, 2048
Local assessors in Beverly Hills, CA have categorized 12070 Summit Circle as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 19,425 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 6 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 12070 Summit Circle has a total of 8,491 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12070 Summit Circle sold most recently in Jul 20, 1995 for a total of $1,300,000. If you work out the math, that's approximately a cost of $153.10 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $29,663 in taxes each year. 12070 Summit Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,506,921. If we break it down further, the land itself was valued at $1,197,574. Improvements to the property, however, were assessed at a total of $1,309,347. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,425
  • Total Building Area: 8,491
  • Building Area: 8,491
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 8,491
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 29033
  • Land Acres: 0.446
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *TR=29033 LOT/SEC 30

Ownership

  • Current Owner : WELLS FARGO BANK NA
  • Previous Owner : LEE CHARLES
  • Previous Owner 2: LEE SUMI
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LARE40

Geography

  • Assessors Map Reference: 23-B6
  • Subdivision Tract Number: 29033
  • Parcel: 2382-017-014
  • Lot: 30
  • Municipality: NORTH /STUDIO CITY
  • Latitude: 34.1268
  • Longitude: -118.4

    Address

  • Full Address: 12070 Summit Cir
  • Address - House Number: 12070
  • Address - Street Name: Summit
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: Beverly Hills
  • Carrier Code: C064
  • 4-Digit Zip Code: 1300
  • Zip Code: 90210

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,663
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 2,571,721
  • High Value: 3,155,756
  • Low Value: 1,987,686

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $832,942
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Apr 26, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $832,942
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 01, 2048

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,506,921
  • Assessed Land Value: $1,197,574
  • Assessed Improvements Value: $1,309,347

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 1995
  • Current Sale Recording Date: Jul 25, 1995
  • Current Sale Transaction ID: 1030791884
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 95-1202558

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Frequently Asked Questions

What neighborhood is 12070 Summit Circle located in?
The 12070 Summit Circle is a located in the neighborhood of Studio City in South Valley, Beverly Hills.
What is the average sales price for listings in 12070 Summit Circle?
The average sales price for units in 12070 Summit Circle is $0 currently.

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