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Celebrity Real Estate: Original Beverly Hills 90210 Star, Jason Priestly Lists in Toluca Lake

[Update May 11, 2014]: This property mysteriously sold on April 24, 2014 for $2 million after it was first listed back on September 6, 2011 and was popped back on the MLS on February 13, 2014, later delisted, and placed in a pending status on March 15, 2014. 

[Original Post]: 
Just posted from Your Mama at the Realestalker comes word of Beverly Hills 90210 Alum, Jason Priestly and his wife selling their Toluca Lake mansion. 

The property consists of 3 Bed/3.5 Bath on 3,266 sqft that was built in 1990, redone in 2005, and recently refurbished again according to the listing. Included with the property are a formal dining room, gourmet kitchen with center island, walk-in pantry, master bedroom with stone fireplace, cathedral ceilings, two family bedrooms with en suite baths, and private gardens with pool, spa, and covered patio. The property is a stone's throw away from the exclusive Lakeside Country Club. 

Priestly purchased this property in May 2007 for $2,140,000 under a Trust which is now listed for $2.1 million translating into an already $40k loss not including fees, R.E. expenses, any renovations costs, and taxes. As we have said before, its interesting to note that the high end homes are selling near peak values while the rest of Southern California is experiencing 30 - 50% losses from peak prices. Only time will tell what people value this property.

Surprisingly, co-star Tori Spelling is also selling her home in Encino which at the time of writing this post has been on the market for 153 days with two price reductions totaling more than $400k. That should give you an insight onto the health of this market. We wish Jason Priestly all the best. 

Toluca Lake is hotbed of celeb homes due to its close proximity to Burbank and Hollywood studios. Nearby neighbors include the former homes of Bing Crosy and Bob Hope, the Miley Cyrus family two homes, Steve Carrell, Kiefer Sutherland, Andy Garcia, and many more to just name a few.

You can view more Celebrity R.E. 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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