Celebrity Real Estate: Charlie Sheen's Ex Brooke Mueller Flips Former Spice Girls Home in Tarzana

[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. 

STUNNING, CELEBRITY GATED COMPOUND! ENTER MAGICAL ESTATE THROUGH GATED WINDING DRIVEWAY , TO WHICH INCLUDES A STATE OF THE ART DETACHED MOVIE THEATRE , GUEST HOUSE, RESORT-LIKE GROUNDS , GORGEOUS POOL AND SPA, OUTDOOR KITCHEN AND DINING ROOM WITH CHANDELIERS, CABANA AND FLAT SCREENS, INVITING FIRE-PIT , AND MAGICAL VIEWS!!! GRAND DOUBLE DOORS OPEN INTO DRAMATIC 2-STORY HIGH CEILINGS ENTRY, EUROPEAN APPOINTMENTS AND SWAROVSKI CHANDELIERS THROUGHOUT , CHEF'S KITCHEN WITH PROFESSIONAL GRADE APPLIANCES. BREAKFAST NOOK OPENS TO FAMILY ROOM, EXQUISITE DINING ROOM WITH SMOKED MIRRORED GLASS, FORMAL LIVING ROOM UPSTAIRS TO PRIVATE MAJESTIC MASTER SUITE WITH GRAND MASTER BATH AND WALKIN CLOSET. DOWNSTAIRS INCLUDES PHENOMENAL OFFICE, JUNIOR SUITES. LAUNDRY ROOM AND SEPARATE STAIRWAY TO GREAT ROOM/ GYM . PROPERTY ALSO BOASTS: CAT 6, HDMI WIRING, STATE OF THE ART SECURITY SYSTEM AND TOP OF THE LINE SURROUND SOUND . NO EXPENSE WAS SPARED ON THIS TRULY BREATHTAKING ESTATE!

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Images courtesy Keller Wiliiams

Celebrity Real Estate: The Former Al Jolson Encino Estate Hits The Market Again!

The former Al Jolson Encino estate which has been owned by other A-List celebs like Steven Seagal, Kirstie Alley and Parker Stevenson, Katey Sagal, and Charlie Sheen and Denise Richards has hit the market with an asking price of $6.5 million. 

This property was last discussed on this blog last year in detail when Michael and Patricia Jacobs sold it for  $5.2 million to an undisclosed buyer in December 2011 representing a loss of $1,420,000 from their purchase price at the peak of the market in 2006 for $6,620,000. They originally tried to sell it with an asking price of $6,495,000 in January 2011 which languished on the market for roughly a year before they succumbed to a more realistic price of $5.2 million. 

What makes this new listing astonishing is that the home is currently listed for close to the 2006 bubble price when just last year the previous buyer couldnt sell this home nowhere near the $6 million figure let alone barely above $5 million. I am not sure how this home has gained in value by 25% in less than a year when most homes in my neighborhood are selling at 40 - 50% discount from the peak price to justify this higher price unless there is gold hidden in one of the bedrooms. To put this all into perspective, the former Shirley MacLaine mansion which is smaller in living sqft feet but double the size of this lot last sold in June 2012 for $3,450,000 which is half the asking price of this home. But I have been proven wrong before and thats why they call it a market. Something tells me this will be sitting on the market for at least a year unless there a major price reductions. 

Above images courtesy Keller Williams Beverly Hills

The property sits on 2.25 acres with 8,522 sqft of living space built in 1935 and includes 7 Beds/7.75 Baths. The property contains park like settings with a private gated driveway that leads to the residence, guest house, and a separate pool house complete with fireplace, kitchen, and bedroom. The main house consists of office/library, gym, wine cellar, theater room with bar, and staff quarters. This house has it all and no expense was spared. To get an idea of how massive this property is, check out the aerial view below:

Image courtesy Bing Maps

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Charlie Sheen's House Up For Sale

Yup!  We're talking about another Spanish mediterranean style home! Okay, maybe it's more of an adobe style, but we love it.  This one is owned by Charlie Sheen and his wife, Brooke Meuller.  We first learned about it from one of our favorite blogs, Hooked on Houses.  The home is located in Los Feliz, California.  (Be sure to check out the homes of other Los Feliz celebs John Hamm and January Jones of AMC's Mad Men.) 

Charlie and Brooke are asking $3.7 million for their home.  It's absolutely gorgeous inside!  Here's a teaser:

For lots of photos and a link to the listing, visit Hooked on Houses.