TMZ: Paris' House Appraised Below Its Sale Price

paris-pool-area.jpg 

According to the Web site TMZ.com, the appraisal on Paris Hilton’s Hollywood Hills home, which was listed at $4,250,000, came in at $3,600,000.

But no matter.  According to the story, the buyers, a married couple from Texas, are paying mostly cash for the North Kings Road house in Los Angeles (the pool area is pictured above) and will still pay the agreed-upon selling price, which is said to be just under the asking price. 

Gee.  Must be nice to be able to  1) overpay for a house and not worry about it and 2) skip that nasty mortgage-qualification process.

Meanwhile, here are some nearby Hollywood properties that have sold recently — we hope at or below their appraised value.

1716 Queens Court, Los Angeles

Sold for:  $2,495,000 on 8/13/07

3BR, 3B, 2,532 square feet, $985/square foot

8809 Evanview Drive, Los Angeles

Sold for:  $1,485,000 on 8/2/07

3BR/3B, 1,926 square feet, $771/square foot

8341 W. Sunset Blvd., Apt. 7, Los Angeles

Sold for:  $1,425,000 on 8/8/2007

2BR/2B, 2,990 square feet, $477/square foot