Jennifer Lopez has reportedly bought an expansive Los Angeles compound after she and her ex-husband, Ben Affleck, settled their divorce.
Nevertheless, regardless of their settlement, the previous couple nonetheless has their marital mansion conserving them linked as they’ve but to discover a purchaser for the Beverly Hills property.
Jennifer Lopez and Ben Affleck bought the mansion in Might 2023 for $61 million and resulting from renovations, they listed it for $68 million available on the market.
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Jennifer Lopez Splurges On Luxurious Los Angeles Compound
In keeping with TMZ, the singer purchased a Los Angeles compound positioned in Hidden Hills months after her ex-husband bought his personal place in Brentwood.
Lopez’s new property, a 2.5-acre property, encompasses a 10,046-square-foot most important home, a barn, stables, a using enviornment, a pool, and a visitor home.
It additionally boasts a totally outfitted fitness center, a theater, and a chef’s kitchen, giving the atmosphere a contemporary twist.
The information outlet notes that previous to Lopez’s latest buy, the house was initially owned by John Fogerty, who purchased it from actor Sylvester Stallone.
The precise quantity paid by Lopez for the LA compound stays unknown. Nevertheless, it has been confirmed that the asking value for the property was $21 million and the actress bought a “nice deal.”
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The Singer Has But To Promote Her Marital Mansion She Shares With Ben Affleck
Earlier than Lopez filed for divorce from Affleck in August final 12 months, the ex-couple was already making an attempt to unload their large marital house in Beverly Hills.
The luxurious property was bought in Might 2023 and was listed available on the market in July 2024 for $68 million.
Whereas it’s unclear when a sale will lastly happen, sources have revealed that purchasing the home within the first place was not Lopez’s thought, regardless of her investing a number of time in trying to find one on the time.
“The $68 million mansion was Ben’s thought,” defined an insider in regards to the marital house buy, per People Magazine. Apparently, Lopez prefers the “romantic, Spanish, European vibe,” which made selecting the Beverly Hills mansion a “main compromise for her.”
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They added, “She agreed to it due to its spacious structure, accommodating each their households, a fitness center and a pickleball court docket, workplace house, plus it has two personal entrances.”
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A Deal For The Ex-Couple’s Beverly Hills Mansion Fell By way of
In September 2024, the previous lovebirds reportedly accepted a proposal on their marital house, however the deal fell by.
In keeping with TMZ, a supply revealed {that a} couple from New Jersey fell “in love” with the 38,000-square-foot property and made a $64 million provide, which the A-list stars accepted.
Sadly, the potential patrons suffered a loss of life of their household and “pulled out of escrow.” The insider, nevertheless, famous on the time that they “are nonetheless within the property.”
Affleck and Lopez paid $61 million for the home in Might 2023 and spent hundreds of thousands on renovations.
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Additionally they reportedly needed to pay a 5.25 % mansion tax and a “hefty payment to the realtors,” that means they’ve invested lots into the 12-bedroom, 24-bathroom house. So, at $64 million, the previous couple would have almost definitely taken some loss.
Why Jennifer Lopez And Ben Affleck’s House Will Take A Whereas To Promote
Well-known actual property dealer and the star of “Promoting Sundown,” Jason Oppenheim, beforehand shared that Affleck and Lopez should not be too bothered by the period of time it has taken to promote their mansion, noting that such large properties are likely to take at the least six months to discover a purchaser.
Whereas talking to Realtor.com, he shared, “It could have been shocking for the home to promote in lower than 100 days,” including that “most properties of this magnitude are available on the market for six months, and in lots of circumstances considerably longer.”
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The outlet gave various components inflicting a delay within the sale of the mansion, noting that bills related to the sale would end in a smaller pool of potential patrons. It additionally acknowledged that individuals who could make such pricey purchases are likely to delay in hopes of a value discount.
One other vital issue is the estimated $283,666 the house owner would possible spend every month on taxes, safety, and owners affiliation dues.
Lopez and Affleck’s house additionally competes with different luxurious properties in Los Angeles, making promoting harder.
Ben Affleck And Jennifer Lopez Have Been Declared Legally Single
Lopez and Affleck have been declared legally single by the Los Angeles County Superior Courtroom on Friday, February 21, based on paperwork obtained by People Magazine.
This comes after settling their divorce on January 6 after going by mediation. Neither Lopez nor Affleck obtained spousal help, and each have been allowed to stroll away from the wedding with all the belongings they owned earlier than tying the knot in 2022.
The singer reportedly bought to maintain her 8.5-carat diamond engagement ring, value an estimated $5 million. She will even break up the proceeds from her Beverly Hills mansion with Affleck each time they promote the property.
