By Carolyn Manrique
01 Sep 2024, 17:26 PM EDT
Jennifer Lopez and Ben Affleck had problems since they started looking for a home before getting married, it took them a long time to find the ideal place. The worst part is that months after finding it they decided to separate and now they risk losing a lot of money with its sale.
Before Lopez filed for divorce a couple of weeks ago, the couple had already decided to put the sprawling Beverly Hills, California mansion they purchased for sale in the summer of 2023. The property is currently listed for $68 million.
The current sale price is above the $60.9 million the couple bought the place for. What some sources say is that, in addition to the separation, neither of them was convinced by the property when they moved in.
Although the photos of the residence look impressive and one might think that the couple will manage to sell the place, the truth is that there are real estate specialists who believe that Affleck and Lopez will end up losing a lot of money.
Recently, a real estate investor told NewsNation journalist Paula Froelich that “that house is actually worth between $40 and $50 million.” That means the couple could lose up to $25 million.
The same source explained to the journalist: “It is in a terrible location. Wallingford Estates is a gated community with no guard. Most of the houses in the area are from the 1970s and are worth between $5 and $10 million.”
Although the residence has all the comforts and luxuries necessary for some Hollywood stars, the real estate investor considers that “it is garish, too big and outdated, with amenities that are simply ridiculous and unnecessary – he says, referring to the indoor sports complex.”
Among the comments from the source consulted by Froelich, one strong criticism stands out: “The house is ugly. It was built in 2001 by a mediocre developer with terrible architectural taste. It is a mix of styles with a false French roof.”
It should be noted that the property has been available on the market since July 12, and the agent in charge of its sale is Santiago Arana.
While Arana is trying to find a new owner for the residence who is willing to pay $68 million, the actress was recently seen inside the property and days later began moving in. This week it was also reported that Affleck had begun moving out of the Brentwood home he rented after separating from Lopez.
For now, it remains to be seen whether the couple will really face a major real estate failure that will cause them to lose a lot of money, or whether they will even be lucky enough to make a profit from the sale of the property.
Continue reading:
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• Ben Affleck’s spokesperson clears up rumors of romance between the actor and Kick Kennedy
• Jennifer Lopez would have done everything possible to ensure Ben Affleck’s happiness