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The Casa Encantada at 10644 Bellagio Road in Bel Air, Los Angeles is a large detached neoclassical style house completed in 1938. It was designed by James Dolena with interiors and furnishings by T. H. Robsjohn-Gibbings. It has twice established a record for the most expensive house sold in the United States.
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Bel Air (or Bel-Air) [fn 1] is a residential neighborhood on the Los Angeles Westside, in the foothills of the Santa Monica Mountains in the U.S. state of California. Together with Beverly Hills and Holmby Hills , Bel Air forms the Platinum Triangle of Los Angeles neighborhoods. [ 4 ]
A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
The sale set the record for the largest property sale at auction in the United States, topping the Hearst Estate in Beverly Hills, which sold for $63.1 million in 2021. [21] The house lacked a certificate of occupancy and required an estimated $20 million in additional construction costs at the time of the sale. [7]