Real Estate Woes of the Rich and Famous

Indeed, even the stars are not insusceptible from the present hard hitting housing market. Kelsie Grammar as of late sold his Los Angeles home for $3.3 million. This was practically 20% short of what he paid for it in 2007. The 7,600 square foot home was developed in 1999 and sat on 1.5 sections of land in Bel-Air, with stunning ravine and city sees.

Compounding an already painful situation, Grammar had to rent one more home after it neglected to sell for $18.9 million. This as of late redesigned, English-style house in Holmby Hills has a cobblestone carport, pool and media room. He paid $13.7 million for the home in 2007. Mauricio Umansky, of Hilton and Hyland/Christie’s Great Estates was the posting specialist for Mr. Grammar.

Tom DeLonge of band Blink-182, just brought down the selling cost of his San Diego home to $5.1 million – more than 20% not as much as his unique price tag and resulting $1 million spent on remodels.

The 6,500 square foot home sits on 1.1 sections of land in The Bridges, an upscale 540 section of land golf local area in Rancho Santa Fe, and elements five rooms and six restrooms. In 2005, DeLonge paid $5.5 million for the home and first recorded it at $6.25 million out of 2007. Laura Barry, of Barry Estates is DeLonge’s posting specialist.

Maker John Peters will acknowledge $19.95 million for three to some degree grew Beverly Hills parcels. This is about a large portion of the value he was searching for in 2008. Jeffrey Hyland and Brooke Kaufman, of Hilton and Hyland/Christie’s Great Estates, are holding the posting.

Beverly Hills financial backer Stanley Chais, who Panorama Towers Las Vegas was attached to the Bernard Madoff outrage, has scaled down the cost of his Sierra Towers condo to $4 million. This is 15% not exactly the $4.4 million he paid for it in 2007. He is additionally tolerating renting offers of $20,000 every month (diminished from $28,000). See Coldwell Banker’s Guy Levy and Linda May for data with respect to the posting.

A New York Harlem chateau possessed by renowned carnival proprietor James Bailey, has its selling cost decreased by $10 million. This addresses a 35% cut in less than a half year. The house is possessed by Marguerite Blake, a previous memorial service home chief. Posting specialists are Lori Huler Glick and Cindy Kurtin.

This 12,000 square foot, carnival like design highlights stained glass windows, different turrets, broad mahogany inside trim and framing and resplendent ceiling fixtures. It needs a decent lot of work, yet would make an incredible bed and breakfast or school. Apologies, no channel.

Back in April, Greenwich, Conn. domain of the late Leona Helmsley was sliced to $75 million. At conceivably the greatest land cost cut ever, this was a $50 million decrease from the first cost of $125 million it was recorded for a year ago.