Celebrity Real Estate: Former SFV Native NFL Star Sells Chatsworth Home At A Loss
[Update January 23, 2014]: The Sherman Oaks home was listed for sale at $2,795,000 on January 23, 2014 with more details and pictures here.
[Original Post]:
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| Images courtesy Rodeo Realty |
Former NFL Raiders running back, Justin Fargas, sold a Chatsworth home at a loss. Fargas is a native of the SFV who was born in Encino and attended Notre Dame High School in Sherman Oaks before attending USC. He was drafted by the Raiders in 2003 and played there until 2010 where he was dropped. The Denver Broncos briefly picked him up in 2010 but later released him before the start of the season. His dad is Antonio Fargas who is famous for playing "Huggy Bear" on Starsky and Hutch as well as other roles in several films and TV shows.
The 4 Bed/2.5 Bath on 2,255 sqft on a total lot size of 7,515 sqft built in 1957 listing states:
This Beautiful Landscaped corner lot opens up to. 4 Bedrooms 2 1/2 baths. 3 bedrooms down including the Master with it's own separate dual tub and shower. . The upstairs bedroom has it's own bathroom, very spacious. Sliding glass doors lead out to a spectacular entertainers backyard with a pool and spa. Move in condition, just bring your furniture.
Fargas purchased this home on March 11, 2004 for $570,000 and sold for $500,000 on September 28, 2012. This transaction represents a loss of $70,000 not factoring in carrying costs, renovation costs (if any), commissions, and taxes.
Its not known why Justin Fargas sold his Chatsworth home but its possible that he is trying to downsize after his retirement from the NFL considering that he recently purchased a Sherman Oaks home on July 17, 2008 for $2,295,000.
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| Images courtesy Prudential California Realty |
The Sherman Oaks home measures 3 Beds/5 Baths on 4,892 sqft on a total lot size of 0.49 acres built in 2000. The listing states:
ATTN: ROCK STARS, HIPSTERS, ARCHITECTURAL BUFFS! ONE-OF-A-KIND LOFT-STYLE RESIDENCE. CUTTING-EDGE MODERN ON SPRAWLING PARK-LIKE GRAOUNDS. LARGE SCALE LIVING W/ ENORMOUS VOLUME/SPACE. 3+5, INCLUDING SEXY MASTER. 2-STORY LR, MEDIA, SLEEK KITCHEN & BATHS. CONCRETE FLOORS, RECESSED LIGHT, SURROUND SOUND, ART WALLS. MULTIPLE WINDOWS & TERRACE DECK OVERLOOKING VAST RESORT STYLE YARD, SURROUNDED BY MATURE TREES. SECLUDED 1+1 UNPERMITTED GH, POOL, GATED ON CELEBRITY BLOCK. A TRUE UTOPIAN SHANGRI-LA!You can view more SFV 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.
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