[Update June 5, 2013]: This home sold for $1.8 million on May 31, 2013 which was $599,999 less than the original asking price of $2,399,999 but $250,000 above the original purchase price of $1,550,000 on July 1, 2004.
[Original Post]:
On July 13, 2012, the media and the world for that matter descended on a mid century modern home located in the hills of Studio City. This was the home of Sage Stallone, son of movie legend Sylvester Stallone, who unfortunately passed away at the young age of 36 from a heart attack due to an atherosclerotic coronary artery disease. At the time that Sage was found in his home, it is believed he may have been dead for three to seven days.
Stallone made his film debut in 1990 in the film, Rocky V, playing "Robert Balboa Jr", the onscreen son of his father's title character. Stallone would later perform in other films and also co-founded Grindhouse Releasing with film editor Bob Murawski which was dedicated to the restoration and preservation of exploitation films and B-movies.
Stallone's home popped on the market on February 23, 2013 with an asking price of $2,399,999. The home measures 3 Beds/3.75 Baths on 4,098 sqft on a total lot size of 0.42 acres built in 1964. The listing description states:
Modern luxury retreat in the Hollywood Hills. Complete with 8 person screening room, large patio deck for entertaining while enjoying the stunning views of the city lights and mountains. Every bedroom opens up to the spacious yard, patio, and swimming pool with waterfalls and outdoor shower. Designed and updated to please the most discerning taste. Great for producers, editors, musicians, or those who love to entertain in style. 6 car motor court along with 3 car garage.This home was last purchased for $1,550,000 on July 1, 2004 which if sold at today's asking price would net a gain of $849,999 before taxes, commissions, carrying costs, and any other housing related expenses.
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| Images courtesy Eklipse Real Estate |
