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$19,995,000

Beds
2
Baths
1.0
sq ft
1,497

2601 Summitridge Dr, Beverly Hills, CA 90210

2601 Summitridge Dr

Beverly Hills, CA 90210

  • 380 days on market
Summitridge Estates, a guard-gated community with just 9 homes, is a truly unique haven. This private, separately gated promontory spans over 3 acres, offering panoramic views from Mount Baldy to the Santa Barbara Channel Islands, downtown Los Angeles, and the vast Pacific Ocean. Remarkably, it's just a 7-minute drive from the Beverly Hills Hotel, yet the seclusion amidst nature makes it feel like you're hours away from the city. This community is renowned for its special multi-million dollar properties and boasts a diverse group of impressive international owners who value the exclusivity of a 24-hour guard-gated estate. The property itself is perched atop a hill, accessible via a long driveway, and includes an attached lot that could serve as an incredible second home with its separate entry, perfect for resale or family enjoyment. Adding to its allure is a front-row view of stunning sunsets, framed by a magnificent 4000-pound rock imported from Hawaii, completing this hidden gem. For those in search of the ultimate in privacy and security in the Beverly Hills hills, this is the perfect choice.

Details

Property type

Single Family Residence

Est. home value

$5,956,095

Lot size

1.6426 acres

Price per sq ft

$13,357

Year built

1956

HOA

No

Price History

05/06/2024
CLAW

CLAW #23329445

Listed
$19,995,000
05/05/2024
CLAW

CLAW #23329445

Removed
$19,995,000
11/15/2023
CLAW

CLAW #23329445

Listed
$19,995,000

Schools & Community

Neighborhood: 

Beverly Glen

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$17,846,103
Asking price
$19,995,000
Closing costs (~8% of asking)
-$1,599,600
Est. remaining loan balance
-$549,297
Cash to seller
$17,846,103

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

June 2022

Original loan amount

$570,000

Est. remaining balance

$549,297

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Ronnie Haran Mellen and Chase Mellen Iii

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 4:10 AM

Listing updated: 09/30/2024 at 10:10 PM

Listed by: Ginger Glass, Compass Phone #: (310) 230-5478

MLS: CLAW #23329445

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