NOT LISTED FOR SALE

525 Chalette Dr Beverly Hills, CA 90210

Estimated Value: $6,260,000 - $10,451,858

4 Beds
7 Baths
5,765 Sq Ft
$1,365/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $11,250,000 $1,951 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $46,804/month

153 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Modern Architecture
  • Hawthorne Elementary School Rated A
  • Living Room with Fireplace
  • No HOA

About This Home

As of January 2024

Nestled within an exclusive enclave of Trousdale Estates, this quintessential mid-century modern epitomizes refined elegance. The residence effortlessly blends contemporary aesthetics with timeless sophistication, creating a harmonious fusion of the best of both worlds. Beyond the private gates, you'll discover opulent open living spaces adorned with the finest materials sourced from around the globe. Step onto the timeless Terrazzo floors, perfectly complemented by exotic hardwoods, and immerse yourself in rooms bathed in natural light pouring in from floor-to-ceiling glass doors. This open floor plan gracefully extends into the outdoor living areas, where an expansive backyard oasis awaits, complete with an oversized pool that offers breathtaking panoramic views stretching from the city to the ocean.As the day draws to a close, retreat to the epitome of luxury living the Primary Suite, a magnificent sanctuary spanning an impressive 2000 square feet. Indulge in the opulence of this expansive bedroom which boasts a cocktail bar, spa-like facilities, a rejuvenating steam room, and his-and-her walk-in closets. Prepare to have your dreams transformed into reality in this extraordinary masterpiece nestled high above the twinkling city lights.

Last Listed By

Lolita Bagramyan

The Beverly Hills Estates License #01804040 Listed on: 07/05/2023

The Beverly Hills Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,620

Year Built

  • Built in 1964

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 106x190
  • Property is zoned BHR1*

Property Views

  • Ocean
  • City Lights
  • Pool

Home Design

  • Modern Architecture

Interior Spaces

  • 5,765 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 7 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Automatic Gate

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4391-012-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,620

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Advertising Remarks: Luxury and tranquility both meet in this captivating reimagined single-story sanctuary, safely situated behind private gates. Almost half-acre lush flat lot in one of Beverly Hills' most exclusive BH streets with incredible city light views. masterfully built with an open and balanced modern design. Rare indoor-outdoor harmony is meticulously defined throughout this 4 bed and 4.5 bath Oasis that seamlessly transports visitors from its bright, light-filled floor plan to the spacious pool and outdoor garden grounds. Exceptional modern design and curated details make for a distinctive masterpiece impeccably situated on a quiet and private Street, in Trousdale. The landscaped exterior features a spacious motor court. Large entry with an oversized solid oak door and pristine terrazzo flooring throughout.
  • Living Area: 5765
  • Lot Acreage: 0.4649
  • Lot Dimensions: 106x190
  • Stories: 1
  • Year Built: 1964
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 4
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Built-Ins, Bar Ice Maker, Range/Oven, Refrigerator
  • Price Per S Q F T: 2367.74

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: City, City Lights, Ocean, Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car, Auto Driveway Gate, Driveway
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4391-012-019
  • Lot Size Area: 20249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Dec 28, 2023
Sold by
Shb Revocable Family Trust
Bought by
Wedel Eric
Seller's Agent
Lolita Bagramyan
The Beverly Hills Estates
Buyer's Agent
Andreas Elsenhans
The Beverly Hills Estates
List Price
$14,260,000
Sold Price
$11,250,000
Premium/Discount to List
-$3,010,000
-21.11%
Total Days on Market
153
Views
2319
Current Estimated Value
$7,868,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,381,035
Avg. Annual Appreciation
-24.04%
Original Mortgage
$7,312,500
Outstanding Balance
$7,191,421
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$677,544

Purchase Details

Listed on
Jul 5, 2023
Closed on
Dec 6, 2023
Sold by
Wedel Kristen
Bought by
Wedel Eric
Seller's Agent
Lolita Bagramyan
The Beverly Hills Estates
Buyer's Agent
Andreas Elsenhans
The Beverly Hills Estates
List Price
$14,260,000
Sold Price
$11,250,000
Premium/Discount to List
-$3,010,000
-21.11%
Views
2319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,312,500
Outstanding Balance
$7,191,421
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$677,544

Purchase Details

Listed on
Nov 15, 2018
Closed on
Apr 3, 2019
Sold by
Drexler Ryan Charles
Bought by
Shb Revocable Family Trust
Seller's Agent
Branden Williams
The Beverly Hills Estates
Buyer's Agent
Camyar Shoham
Keller Williams Beverly Hills
List Price
$12,995,000
Sold Price
$9,660,000
Premium/Discount to List
-$3,335,000
-25.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%

Purchase Details

Closed on
Jan 18, 2011
Sold by
525 Chalette Drive Llc
Bought by
Drexler Ryan Charles

Purchase Details

Closed on
Oct 28, 2009
Sold by
Cooley David L and Unger Scott
Bought by
525 Chalette Drive Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2007
Sold by
Cooley David L
Bought by
525 Chalette Dr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,160,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2007
Sold by
Shooshani Shamoneil and Shooshani Mahin
Bought by
Cooley David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,160,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2005
Sold by
Shooshani Shamoneil and Shooshani Mahin
Bought by
Shooshani Shamoneil and Shooshani Mahin

Purchase Details

Closed on
Apr 14, 2003
Sold by
Shooshani Shamoneil and Shooshani Mahin
Bought by
Shooshani Shamoneil and Shooshani Mahin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
5.6%

Purchase Details

Closed on
Sep 3, 1999
Sold by
Shooshani Farid
Bought by
Shooshani Farid and Farid Shooshani Revocable Trus

Purchase Details

Closed on
Aug 26, 1999
Sold by
Shooshani Shamoneil and Shooshani Mahin
Bought by
Shooshani Shamoneil and Shooshani Mahin

Purchase Details

Closed on
Aug 31, 1998
Sold by
Trust Weinberger Alan C Tr Alan C Weinbe and Weinberger D Tr Weinberger Tr
Bought by
Shooshani Shamouel and Shooshani Mahin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.89%

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
Wedel Eric $11,250,000 Fidelity - Sherman Oaks
Wedel Eric -- Fidelity - Sherman Oaks
Shb Revocable Family Trust $9,660,000 Equity Title Company
Drexler Ryan Charles $7,150,071 Chicago Title Company
525 Chalette Drive Llc -- Fidelity Van Nuys
Cooley David L -- Fidelity Van Nuys
525 Chalette Dr Llc -- None Available
Cooley David L -- Chicago Title Co
Shooshani Shamoneil -- --
Shooshani Shamoneil -- Fidelity National Title
Shooshani Farid -- --
Shooshani Shamoneil -- --
Shooshani Shamouel $1,655,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wedel Eric $7,312,500
Previous Owner Shb Revocable Family Trust $13,000,000
Previous Owner Drexler Ryan Charles $5,000,000
Previous Owner 525 Chalette Drive Llc $300,000
Previous Owner 525 Chalette Drive Llc $19,190
Previous Owner Cooley David L $100,000
Previous Owner Cooley David L $3,160,000
Previous Owner Shooshani Shamoneil $447,500
Previous Owner Shooshani Shamoneil $465,000
Previous Owner Shooshani Shamouel $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $11,250,000 -17.6% $1,951 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/06/2023 11/06/23 Price Changed $13,650,000 -4.3% $2,368 / Sq Ft
10/28/2023 10/28/23 For Sale $14,260,000 +26.8% $2,474 / Sq Ft
09/28/2023 09/28/23 Off Market $11,250,000 -- --
08/30/2023 08/30/23 For Sale $14,260,000 +26.8% $2,474 / Sq Ft
07/31/2023 07/31/23 Off Market $11,250,000 -- --
07/05/2023 07/05/23 For Sale $14,260,000 +47.6% $2,474 / Sq Ft
04/19/2019 04/19/19 Sold $9,660,000 -8.0% $1,681 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
03/12/2019 03/12/19 Price Changed $10,495,000 -19.2% $1,827 / Sq Ft
11/15/2018 11/15/18 For Sale $12,995,000 -- $2,262 / 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 $35,620 $2,919,014 $1,722,703 $1,196,311
2023 $34,984 $2,861,779 $1,688,925 $1,172,854
2022 $33,990 $2,805,666 $1,655,809 $1,149,857
2021 $32,999 $9,955,279 $7,206,138 $2,749,141
2020 $117,515 $9,853,200 $7,132,248 $2,720,952
2019 $97,504 $8,211,800 $5,070,413 $3,141,387
2018 $93,664 $8,050,786 $4,970,994 $3,079,792
2016 $89,955 $7,738,165 $4,777,965 $2,960,200
2015 $86,100 $7,621,932 $4,706,196 $2,915,736
2014 $83,189 $7,472,630 $4,614,009 $2,858,621
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-287163

The MLS

APN: 4391-012-019