- Jennifer Lopez and Ben Affleck Probably losing money for the sale of your mansion Beverly -Hills in the Los -Angeles after the divorce. This week, the price of 38,000 square feet has decreased by $ 8 million, and the property appeared on the market for about 10 months.
Jennifer Lopez and Ben Afflek lose more than each other when it was refined in January. The Bevely Hills Association by $ 60 million, which they bought together in May 2023, appeared on the market for about 10 months, and they were forced to cut the price in the list.
Initially, the property of 5.2 acres was listed at $ 68 million and has 12 bedrooms, 24 bathrooms and covers 38,000 square feet, according to the Los Angeles District Records. But List zillow It shows that the price has now dropped to $ 59.95 million – prices for more than $ 8 million.
Anthony A. Luna, CEO of Real Estate Company in Los Angeles, said Wealth Falling prices is not surprising because the luxury market is rich there, so buyers have more leverage to get a lower price.
“The status of square meters and celebrities no longer justify the inflated prices,” Luna said. “Buyers want reasonable design, upgraded systems and long -term value.”
The property for the first time was on the list of July 11, 2024, and Santiago Aran from a boutique real estate firm Agency is an agent of the list. Aran did not immediately respond to WealthRequest for a commentary pricing.
Another reason where luxury buyers in Los -Angeles may be more picky when it comes to purchasing a new home -a mansion tax that is extended to the sale of real estate in the Los -Andels for at least $ 5 million. Properties over $ 5 million carry an additional 4% tax, while real estate costs more than $ 10 million, have an additional 5.5% tax. The cost of tax Emma HernanRealtar with the OPPENHIM group and Star of Hit Netflix show Sale of sunsetformerly detach Wealth.
She now warns her customers about the mansion tax before they are preparing for sale. For example, if the house is $ 5 million, they have to pay an additional $ 200,000, they “do not actually take into account when they bought the house because the mansion tax does not play,” she said.
“Now they can disturb even or even lose if they actually cost at home,” said Hernan, and exactly what could happen to the sale of Lopez and Afflek’s home.
The moon added that closing costs, costs and more time in the market are also difficult for sellers.
“The liquidity often wins in honor, even if it means a $ 8 million haircut,” he said.
These factors mean that Lopez and Avleck have already effectively lost money for this sale. They bought real estate in May 2023 for $ 60.85 million, and the current list – $ 59.95 million – plus they can lose millions more from the mansion tax. Not to mention, Realtor.com It was reported that the couple poured a “huge amount of money” to repair.
However, Jason Openheim from the OPPENHIIM group told Realtor.com The sale of this scale will take longer.
“It would be strange to sell the house in less than 100 days,” he said. “Most houses of this scale are in the market for six months, and in many cases much longer.” Time will tell whether the property will require another fall in prices to sell.
Meanwhile, Los -Andgeles is also still being recovered from forest fires that destroyed their polisada and altaden communities earlier this year. Insurance premiums are now even higher, which even more adds homeowners to a place that is already known.
“The luxury market is no longer about pride. It is about value and safety,” Luna said. “Buyers are engaged in mathematics and they call bluff.”
Originally this story was presented on Fortune.com
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2025-05-08 16:58:00
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