[Update August 24, 2015]: Marc Anthony just listed his newly acquired Tarzana home for $4.35 million which can be read here.
[Update August 6, 2015]: Marc Anthony sold his Encino home to NBA star JaVale McGee on April 24, 2015 for $2,405,000 which can be read here.
|Images courtesy Keller Williams|
On April 23, 2013, Latin singer-songwriter, actor, and record producer, Marc Anthony, purchased an Encino mock-Med mini mansion in the Amestoy Estates area as revealed by TMZ and blogged here for $2.225 million. Flash forward 18 months and Anthony has had a change of heart and listed the home for $2.750 million on November 7, 2014.
After comparing both listings, 2013 vs. 2014, the listing description is almost identical with minor edits. Overall, the home is the same with cosmetic changes like new flooring, paint, and fixtures. The listing description states that "over $300K in renovations" were made but the same comment was said when Anthony purchased in 2013. So I doubt that $300K in improvements were made after Anthony purchased aside from the cosmetic changes which probably cost $50K. Anthony is looking to gain $525K or 24% based on the current asking price. Has the market appreciated 24% in 18 months? I am not a RE expert so lets see what the market decides.
The home measures 5 Beds/6 Baths on 6,263 sqft on a total lot size of 0.41 acres built in 1988. The listing description states:
Enter your entertainer's paradise. Tucked away behind gates and within a gated community is this gorgeous Spanish mansion. Over $300,000 in renovations have made this home an idyllic retreat. From the gorgeous hardwood floors to massive chandeliers to new electrical and plumbing no cost was spared. Enter into a grand foyer with soaring cathedral ceilings and impressive finishes. The home comes complete with 6 beds and 9 baths. The massive gourmet kitchen comes complete with commercial grade venting hood, SubZero Dual Fridges and Freezers, a Wolf Grill and Stove that would make a chef salivate. In the spacious master bed you can curl up by the fireplace or enjoy a cup of coffee on the balcony. The master bath is an absolute treat with a fireplace, dual steam showers, dual wash closets and dual vanities and, not to mention, every woman's dream. .. a store sized closet! Inquire ASAP!
Its not known why Anthony is selling but it could be related to a new court judgement handed down to him in June 2014 where his child support payments for two boys from his second wife, former Miss Universe 1993 Dayanara Torres, doubled from $13,400 to $26,800. Talk about a blow to the stomach! Prior to Torres, Anthony was married to Debbie Rosado where he had a daughter and adopted a son. After Torres, Anthony was married to Jennifer Lopez where they lived in Hidden Hills and had twins. Also in June 2014, their divorce was finalized with Lopez retaining physical custody of the twins. So I am wondering how much does Anthony pay in child support payments each month? $30K? $40K? $50K?
I am guessing Anthony will stay in the SFV to be close to his children that is just speculation.
You can view more SFV Celeb R.E. here.