The L.A. Times’ Hot Property reported this week that Canadian rocker Avril Lavigne received a cash offer on her Beverly Hills mansion after 36 days on the market.
However, the Big Time Listings blog reports that Lavigne’s house has actually been on the market on and off for more than a year: It first appeared on the market in March 2007 at a listing price of $6.9 million. Then it went off the market and reappeared for $6.2 million in November. It recently had been reduced again, to $5.8 million. According to The Real Estalker, several deals have fallen through on the house.
The cash offer, according to Hot Property, was $5.2 million. Lavigne purchased the five-bedroom, six-bath, 6,864-foot house in 2004 for $4,550,000, reports Big Time Listings.
Lavigne is lucky, assuming the sale goes through, because according to the Redfin database, nothing nearby in that price range has sold in the last six months. There are, however, plenty of active listings, and the sellers are holding firm to their prices, despite, in some cases, protracted periods on the market. Examples:
3335 Clerendon Rd., Beverly Hills
$5,495,000
5BR/6.5B/6,916 square feet
Days on market: 33
History: This Mulholland Estates house, down the street from Lavigne’s, was purchased in 1994 for $2,400,000.
13890 Mulholland Dr., Beverly Hills
$3,995,000
5BR/7B/5,107 square feet
Days on market: 182
History: Is this owner hoping to flip? The house was purchased less than two years ago for $2,780,000.
3337 Beverly Ranch Rd., Beverly Hills
$4,250,000
5BR/4.5B/5,003 square feet
Days on market: 11
History: Weird. Sold in June 2006 for $3,100,000 and again in July 2007 for $2,600,000. Now it’s back — for a lot more money. What gives?
14372 Mulholland Dr., Beverly Hills
$4,999,000
4BR/9B/9,564 square feet
Days on market: 85
History: Last changed hands in 2000 for $2,575,000. First listed for $4,499,000, then upped a few days later to its current price. (P.S. — What’s with all the bathrooms?)