[Update January 9, 2013]: This home sold for $3,150,000 on January 7, 2013 which was completed in roughly two months. The sale represents a $150,000 gain from when Mueller purchased it for $3 million which actually represents a loss for Mueller based on a 6% commission equating to $189,000 or a $39,000 loss. Maybe Mueller worked something out with the listing agent to reduce the commission to just break even. I dont understand why she would buy in March and then sell in January.
[Original Post]:
The always hilarious Your Mama at the Realestalker has just divulged the latest gossip on the former Tarzana home of Melanie Brown who also goes by Scary Spice of the Spice Girls. This home was sold back on March 16, 2012 (which was discussed here) apparently to Brooke Mueller at a $159,000 loss for $3.0 million.
Mueller hoisted the home back on the market on November 15, 2012 for $3,550,000. The only thing that surprises me here is that this home which is currently under escrow was able to garner interest with an asking price that was $500,000 higher than what it sold for barely 8 months ago. Additionally, the previous listing by Brown mentioned that the home had undergone a $1 million renovation so I am not sure what has changed since Mueller acquired the property especially with the listing pictures looking exactly the same from when Brown listed the property.
At any rate, I am sure I am missing something and if this home sells at the current asking price, Mueller stands to gain $550,000 before taxes, commissions, carrying costs (if any), and renovation costs. Even if she were to spend $200,000, she would be earning $250,000 which is not bad for several months of work.
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| Images courtesy Keller Wiliiams |
