Entries in Houses (3)


Tiger Woods Takes a Hit and Other Celebrities Who Sold Homes at a Loss

iStockphoto/Thinkstock(NEW YORK) -- Tiger Woods' strong start in the 2012 PGA Championships may be making up for the fact that he recently sold his condo in Corona del Mar, Calif., at a loss.

The PGA champion sold his home, which he bought for $3 million in 2004, for just $2.2 million, the Los Angeles Times reports.

Here are seven celebrities who took a loss on the sale of their homes or mansions. Fortunately for them, most have second or multiple homes to give them shelter from adoring fans and paparazzi, and all but one of these homes sold in the multi-million dollar range.

1.Tiger Woods -- Corona del Mar, Calif.

Tiger Woods' condo with beach views, reportedly one of the locations for Woods's infamous affairs, was first listed in April 2012. The property, near Laguna Beach and south of Los Angeles, has three bedrooms, three bathrooms and spans 2,000 square feet.

The listing showed a price cut in June before it ultimately sold for $2.2 million. Woods' main residence is an estate with a golf course in Jupiter, Fla., Zillow reports.

2. Britney Spears -- Beverly Hills, Calif.

Pop princess Britney Spears reportedly took a hit on her Beverly Hills home that she bought in January 2007 for $6.8 million and first listed in September 2008 for $7.9 million.

Zillow reports the listing sold for $4.5 million in April 2012 after six price cuts. Spears bought the five-bed, six-bath home for $6.75 million after her divorce to Kevin Federline in 2006.

"Built in 2001, the Mediterranean-style villa is located in the high-security, prestigious Summit neighborhood," Zillow reports. The 5-bedroom, 6-bath home has a master suite with his-and-her bathrooms and a fireplace.

3. Jennifer Aniston -- New York, N.Y.

Actress Jennifer Aniston bought two New York City apartments in 2011 for $7 million with the intent to combine them.

A year before that, Aniston told ABC's Good Morning America she was looking to return to New York City.

"I grew up here. I miss it," Aniston said in February 2010. "There's nothing like being in the city … [it's] the city of every man. It's all walks and I love that."

Fast forward to April 2012. Aniston has said she felt overwhelmed by paparazzi in New York City. She sold the units with a loss of $500,000, the New York Daily News reported.

4. Rihanna -- Beverly Hills, Calif.

Singer Rihanna sold her Beverly Hills eight-bedroom home in December 2011 for $5.03 million. She listed it in November 2010 for $4.5 million after paying $6.9 million in September 2009. The home reportedly has water damage from the roof and windows and was described as a "major fixer," which previously led to legal wrangling against her landlord.

The gated, three-story home spans 8,520-square feet and has eight bedrooms, 10 bathrooms and three fireplaces.

5. Penelope Cruz -- Los Angeles, Calif.

Actress Penelope Cruz sold her 3,334-square foot home in Los Angeles for $2.88 million in December 2011, after buying it for $3.14 million in May 2005.

On the market for over a year, the final sale price was $807,000 less than Cruz originally sought and $250,000 less than what she paid.

"The 3-bedroom, 2-bathroom Balinese-modern style home was built in 1956, and as since been completely updated by the star and husband Javier Bardem," Zillow reported. "The unique piece of Hollywood Hills real estate is tucked in a cul-de-sac near Sunset Strip and features high ceilings, carved-wood doors, private courtyard, bamboo floors, and an in-ground heated pool with a luxurious tented cabana."

6. John Krasinski -- West Hollywood, Calif.

The Office's John Krasinski bought a two-bedroom, two bath home in West Hollywood in March 2006 for $1.05 million, just one year into his role as "Jim" in the popular mockumentary. Krasinski's career took off while the economy took a turn for the worse.

He listed it in March 2011 for $945,000 and it sold for $880,000 in June 2011.

7. Tori Spelling and Dean McDermott -- Encino, Calif.

Despite being featured on television, the home in which Tori Spelling and Dean McDermott's reality television show, Tori & Dean: Home Sweet Hollywood, was filmed for the Oxygen network sold at a loss.

The couple bought the home in Encino, Calif. for $2.95 million in October 2008 and listed it in April 2011 for $3.20 million. They sold it for $2.5 million in December 2011, according to public records.


Copyright 2012 ABC News Radio


Dr. Seuss-Like Homes For Sale

Zillow(NEW YORK) -- Dr. Seuss, who would have celebrated his 108th birthday on Friday, is still a household name across the U.S. and perhaps is even an inspiration to home decoration.

Zillow compiled a list of homes for sale or rent that bring to mind the colorful shades and shapes in his children’s books. The homes range from $139,000 to $22.5 million with locations from Colorado to  Florida.  Zillow also included in the list a colorful, oddly shaped rental property in Long Island, N.Y., for $16,000 a month.

See slideshow of seven Dr. Seuss-like homes for sale or rent.

Theodor Seuss Geisel was born on March 2, 1904. He passed away on Sept. 24, 1991, at age 87 but his estate continues to earn millions in royalties from his books and films. The latest film, based on his children’s book, The Lorax, will be released on Friday from Universal Pictures.

Forbes listed Geisel as one of the top-10 earning dead celebrities last year, earning $9 million.

Copyright 2012 ABC News Radio


Get Your Mortgage Paid for by Turning Your House into a Billboard

Brainiacs From Mars(BUENA PARK, Calif.) -- Need help paying your mortgage? If so, the marketing firm Brainiacs From Mars has a proposition for you.

“We’re looking for homes to turn into billboards. In exchange, we’ll pay your mortgage every month for as long as your house remains painted,” the firm’s website reads.

The transformation from a more traditional color to broccoli green and sunrise orange definitely draws attention, and that’s exactly the point. Brainiacs From Mars is using the homes as a way to advertise its ingenuity.

“This is our business card and it works a lot better than that,” Brainiacs From Mars CEO Romeo Mendoza told ABC News. “It’s telling people we are an out-of-the-box, high-impact firm....The average person gets bombarded with 35,000 ads a week, so it’s hard to really stand out.”

The firm has only painted one house and says its goal is to paint 100 homes by the end of the year. It will have a lot of options to choose from after receiving more than 38,000 applications.

Click here to submit an application for your house.

“It’s definitely a two-way street,” Mendoza said. “We are able to help the homeowners and the homeowners are able to help us.”

According to Mendoza, the houses will be chosen based on “what feels right,” and while there are a lot of factors, he stresses the one thing that does not matter is location.

“It’s based on everything but location. The location makes absolutely no difference to us,” he said. “This home gets attention and does its job no matter where it is. And because it does that we are able to paint anywhere.”

The campaign has already surpassed the company’s wildest expectations. Because of the publicity from the one home already painted, in Buena Park, Calif., Brainiacs From Mars said it has landed new contracts and more than doubled its original staff of 12.

“It’s done tremendous things for us,” Mendoza said. “Ultimately, we’d like to do as many [homes] as possible. It’s effective for us to reach more clients and help homeowners at the same time.”

Copyright 2012 ABC News Radio

ABC News Radio