Celebrity R.E.: Former NBA Star, Mitch Richmond, Lists Calabasas Mansion
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| Above images courtesy Re/Max Olson & Associates, Inc |
As first reported by the always hilarious Your Mama at the Realestalker and then the always informative Lauren Beale at LA Times Hot Property, and now this blog, retired NBA shooting guard, Mitch Richmond, has just listed his Calabasas mansion for $9,495,000 on April 29, 2013. This home is located in the exclusives Estates of the Oaks which is home to many celebrities some of which is discussed at the bottom of this post.
For those who dont follow the NBA, Mitch Richmond was drafted in 1988 by the Golden State Warriors and later won the NBA Rookie of the Year award. He was the 'M' of "Run TMC" with the other first name initials belonging to Tim Hardaway and Chris Mullin that was part of head coach Don Nelson's fast-paced offense that was exciting to watch. He was eventually traded to the Sacramento Kings, Washington Wizards, and the Los Angeles Lakers. While on the Lakers, he won an NBA championship playing off the bench averaging 4 points per game and a total of 4 minutes in the postseason. He was also a 6x NBA All-Star, and an All-Star Game MVP in 1995. Richmond also served his country by winning bronze on the 1988 U.S. Mens National Basketball team that played in the South Korea Summer Olympics. Richmond was also chosen again for the U.S. team in the 1996 Summer Olympics in Atlanta winning a gold medal.
The other half of the Mitch Richmond family is Juliannah "Juli" Richmond who has been married to Mitch for 17+ years. She appeared on Season 2 of VH1's reality show, Basketball Wives, starring alongside Kimberli Russell, wife of former NBA star Bryon Russell, who lost their Calabasas mansion to foreclosure discussed on this blog. Juli isnt your typical basketball wife as she is heavily involved in raising kids, supporting charities, and a home decorator. You can read more about her in this interview.
And now onto the more interesting stuff like their massive estate.
The home measures 6 Beds/8 Baths on 12,953 sqft on a total lot size of 2.28 acres built in 2006. The listing description states:
Spectacular world class Mediterranean ideally located in the prestigious guard gated Estates of the Oaks! Located behind the second gates is this striking single level showplace on approx. 2.25 acres! Boasting unobstructed mountain and canyon views, this property provides unparalleled privacy and quality in a truly sensational setting. Spanning nearly 13,000 square feet this grand estate provides every room dreamed of. Sports bar, game room, state of the art theater, office/library, wine cellar and tasting room, beauty salon, meditation/yoga, children's homework room and an awesome gym with steam and sauna can all be found here. Interior appointments include stone and wood floors, two story dramatic wood beamed ceilings, true gourmet kitchen and an awe inspiring master suite. This is truly an amazing house built in grand scale! The grounds are second to none! Huge pool with slide and water features, full court basketball, barbecue center, covered patios, fireplace, separate fire pit and massive manicured lawns all with unobstructed views!! among the homes other attributes are a five car garage, controlled sound system, 5 fireplaces, video security cameras and much more! This is an important estate with a tremendous location!
Property records reveal that this home was purchased on July 13, 2004 for $1.7 million which most likely means this was a land purchased with the Richmond's custom building a home probably spending another $1 - 2 million which means that they are somewhere in the neighborhood of $3 million invested into this property. If this home were to sell at today's asking price, the Richmonds would profit roughly $6,495,000 before taxes, commissions, carrying costs, and any renovation costs beyond what was estimated for the construction of this home.
The Richmonds are no strangers to the SFV and in particular Calabasas as I will discuss below.
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| Image courtesy Google Maps |
While the home featured in this post was being constructed, the Richmonds lived in a 4 Bed/4 Bath on 4,472 sqft home built in 2004 (shown above) for $1,625,000 and later sold for $1,975,000 on February 13, 2007 earning a profit of $350K before you know what which appears to be after the featured home in this post was built.
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| Image courtesy Google Maps |
Prior to the featured home in this post, the Richmonds lived in a 4 Bed/6 Bath on 8,435 sqft home built in 1997 (shown above) that was purchased on August 17, 2001 for $2,650,000 located in the Mountain View estates of Calabasas (same gated community where Eric Davis short sold, Eazy-E's playhouse was located, Jerry Heller still lives there, and where Bryon and Kimberli Russell's house was foreclosed).
Surprisingly or not, this home was previously owned by NFL star Keyshawn Johnson who coincidentally is also currently selling an Oaks Calabasas home literally 0.14 miles down the street at the reduced price of $8,895,000 (I somehow missed this Calabasas home when writing up that post). Is that a coincidence or some coordinated effort to bail out of the Oaks? Good luck to whoever sells first.
This home was purchased by a non-celebrity couple for $3.4 million on October 19, 2004 giving the Richmonds a $750K gain before you know what. The non-celebrity couple later ended up selling on August 3, 2007 before the market crashed for $4.7 million earning a $1.3 million gain before you know what to NBA assist machine (3rd all-time) to Mark Jackson and wife Desiree Jackson.
One random note, Jackson, was involved in an extortion scandal in 2012 for an extramarital affair and nude photos taken in 2006. Jackson went to the FBI to handle this drama after he personally tried to squash it using cash to keep a stripper and an accomplice quiet. Oh and by the way, Jackson and his wife are pastors at True Love Worship Center International in Van Nuys. Jackson is currently the head coach for the Golden State Warriors who currently employs Mitch Richmond as a scout. Its definitely a small and connected world.
This home was purchased by a non-celebrity couple for $3.4 million on October 19, 2004 giving the Richmonds a $750K gain before you know what. The non-celebrity couple later ended up selling on August 3, 2007 before the market crashed for $4.7 million earning a $1.3 million gain before you know what to NBA assist machine (3rd all-time) to Mark Jackson and wife Desiree Jackson.
One random note, Jackson, was involved in an extortion scandal in 2012 for an extramarital affair and nude photos taken in 2006. Jackson went to the FBI to handle this drama after he personally tried to squash it using cash to keep a stripper and an accomplice quiet. Oh and by the way, Jackson and his wife are pastors at True Love Worship Center International in Van Nuys. Jackson is currently the head coach for the Golden State Warriors who currently employs Mitch Richmond as a scout. Its definitely a small and connected world.
Mitch Richmond was born in Fort Lauderdale, Florida where he currently still owns a home and most recently sold another. Lets start with the recently sold home.
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| Image courtesy Zillow |
The home shown above is located in Plantation, Florida which measures 5 Beds/5 Baths on 6,393 sqft built in 1999 and purchased by the Richmonds on August 27, 1999 for $675K and sold on March 6, 2013 for $850K representing a $175K gain.
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| Image courtesy Google Maps |
The other home is currently owned by the Richmonds possibly used by his parents or other family members which is also located in Plantation, Florida. The home measures 4 Beds/2 Baths on 2,997 sqft on a total lot size of 12,978 sqft built in 1989 which was last purchased on October 1989 for $210,800.
The Richmonds possibly lived in other cities while Mitch played for other teams in his NBA career including Granite Bay, CA, Potomac, MD, Delray Beach, FL, Alameda, CA, and Hollywood, FL. This is all pure speculation which I will not be further investigating as I have exhausted this post already.
So the question becomes, where are the Richmond's headed off to after living in Calabasas for more than a decade? Are they downsizing to another Calabasas home?
So the question becomes, where are the Richmond's headed off to after living in Calabasas for more than a decade? Are they downsizing to another Calabasas home?
The Calabasas area is home to many celebrities, athletes, and famous execs as listed below:
- Former NFL star Keyshawn Johnson listed his mansion for sale on December 3, 2012 for $10,500,000.
- The late Eazy-E's wife, Tomica Woods-Wright, home was recently foreclosed on May 11, 2012 and later sold for $2 million on November 27, 2012.
- Justin Bieber recently purchased the former Nicole Murphy (Eddie's ex) on April 6, 2012 for $6.5 million.
- El Piolin (Tweety Bird) Eddie Sotelo's listing of his mansion for the just reduced price of $6.8 million.
- The former Britney Spears rental was sold for $5.4 million on October 19, 2012.
- Baseball great Eric Davis home was sold as a short sale on May 4, 2012 for $1.8 million.
- Joey Lawrence purchased on December 13, 2011 for $1,442,500.
- NBA star Bryon Russell's home was foreclosed and later sold for $1,560,000.
- Nearby neighbors include Katherine Jackson and the rest of the family, Travis Barker, James Wilson's massive ranch, Candi Milo (former), Joel Diamond, and Brad Wilk of Rage Against the Machine to name a few.
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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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