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Celebrity Real Estate: House Actress Lists for a Loss in Encino

[Update April 21, 2012]: This home sold for $790,000 after sitting on the market for 3 months. The sold price is $189,000 less than the original price and taking a $269,000 loss from when last purchased in 2005 at $1,059,000 not including taxes, commissions, and other related expenses. 

[Original Post]:
Images courtesy Partners Trust Brentwood
Back on February 8, 2012,  the always informative Lauren Beale at  Los Angeles Times Hot Property wrote about Actress Jennifer Morrison listing in Encino for $979,000 on February 6, 2012.

Jennifer Morrison is an actress, model and film producer. She is best known for her role as "Dr. Allison Cameron" in House from 2004 to 2010. She also played a role as Zoey Pierson in the sixth season of How I met Your Mother. She is currently playing the lead role in the television series, Once Upon a Time as Emma Swan.

According to the listing, this 3 Bed/2.25 Bath, 1,956sqft home on 0.45acres (most of it on a hill) built in 1966 states:
Situated in the hills of Encino, this stunning Mediterranean home offers 3 bedrooms, 2.5 Bathrooms and 1,956 square feet. The floor plan is ideal for both entertaining and relaxing with the bedrooms located upstairs and the public spaces on the main level. With hardwood and stone floors throughout, the home features granite countertops in the kitchen and bathrooms, a water filtration system and tankless water heater. The large master offers a jacuzzi tub in the spa-like bathroom and the 2nd BR has a large balcony overlooking the yard. The private backyard is situated off the living room and is an entertainer's paradise, with a covered patio, built-in BBQ, outdoor spa and waterfall. Close to the Westside and just a short drive to shopping, schools and Ventura Blvd. , this property is a great value.
Jennifer Morrison last purchased this property for $1,059,000 on November 21, 2005. Prior to that purchase, the home was purchased by a flipper on May 25, 2005 for $779,000, flipped,  and sold to Jennifer Morrison for a quick $280,000 profit. Not bad for 5 months of work considering that was during the mania days of the housing bubble. If Jennifer Morrison were to sell today at the list price, she would be taking a $80,000 hit not including real estate fees, commissions, and other expenses related to this property. Keep in mind she purchased at the top of the real estate market and only selling at a 7.5% loss when the rest of America is experiencing 30% - 50% losses on their properties. But who are we to judge.

It appears the Jennifer Morrison is leaving the San Fernando Valley for good as she just purchased a 3 Bed/2 Bath home off the Sunset Strip for $2,150,000. We wish Jennifer Morrison luck with selling her Encino home.

You can find more San Fernando Valley Celebrity Real Estate here

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Marty Mcfly

Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.

1 comment to ''Celebrity Real Estate: House Actress Lists for a Loss in Encino"

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