1072 North Beverly Drive

1072 North Beverly Drive has been categorized by the local assessors in Beverly Hills, CA as a residential type of property. The building on the property was first built in 1936 and is 88 years old. However, we must point out that the home was most recently renovated and altered in 1938. The home has a total of 7 bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. In addition, 1072 North Beverly Drive has 6,259 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 50,185 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 1072 North Beverly Drive sold most recently in May 5, 2021 for a total of $14,995,000. If you work out the math, that's approximately a cost of $2,395.75 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 $182,764 in taxes each year. The initial year of tax delinquency occurred in 2021. 1072 North Beverly Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $15,600,797. If we break it down further, the land itself was valued at $12,480,638. Improvements to the property, however, were assessed at a total of $3,120,159. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.