Jennifer Lopez has reportedly bought an expansive Los Angeles compound after she and her ex-husband, Ben Affleck, settled their divorce.
Nonetheless, regardless of their settlement, the previous couple nonetheless has their marital mansion holding them linked as they’ve but to discover a purchaser for the Beverly Hills property.
Jennifer Lopez and Ben Affleck bought the mansion in Might 2023 for $61 million and as a result of renovations, they listed it for $68 million available on the market.
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Jennifer Lopez Splurges On Luxurious Los Angeles Compound
In response to TMZ, the singer purchased a Los Angeles compound situated in Hidden Hills months after her ex-husband bought his personal place in Brentwood.
Lopez’s new property, a 2.5-acre property, encompasses a 10,046-square-foot most important home, a barn, stables, a using area, a pool, and a visitor home.
It additionally boasts a totally geared up gymnasium, a theater, and a chef’s kitchen, giving the setting a contemporary twist.
The information outlet notes that previous to Lopez’s latest buy, the house was initially owned by John Fogerty, who purchased it from actor Sylvester Stallone.
The precise quantity paid by Lopez for the LA compound stays unknown. Nonetheless, it has been confirmed that the asking value for the property was $21 million and the actress bought a “nice deal.”
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The Singer Has But To Promote Her Marital Mansion She Shares With Ben Affleck
Earlier than Lopez filed for divorce from Affleck in August final yr, the ex-couple was already attempting to dump their huge marital dwelling in Beverly Hills.
The luxurious property was bought in Might 2023 and was listed available on the market in July 2024 for $68 million.
Whereas it’s unclear when a sale will lastly happen, sources have revealed that purchasing the home within the first place was not Lopez’s thought, regardless of her investing a number of time in trying to find one on the time.
“The $68 million mansion was Ben’s thought,” defined an insider concerning the marital dwelling buy, per People Magazine. Apparently, Lopez prefers the “romantic, Spanish, European vibe,” which made selecting the Beverly Hills mansion a “main compromise for her.”
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They added, “She agreed to it due to its spacious structure, accommodating each their households, a gymnasium and a pickleball court docket, workplace house, plus it has two non-public entrances.”
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A Deal For The Ex-Couple’s Beverly Hills Mansion Fell Via
In September 2024, the previous lovebirds reportedly accepted a proposal on their marital dwelling, however the deal fell via.
In response to TMZ, a supply revealed {that a} couple from New Jersey fell “in love” with the 38,000-square-foot property and made a $64 million provide, which the A-list stars accepted.
Sadly, the potential patrons suffered a demise of their household and “pulled out of escrow.” The insider, nevertheless, famous on the time that they “are nonetheless within the property.”
Affleck and Lopez paid $61 million for the home in Might 2023 and spent tens of millions on renovations.
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Additionally they reportedly needed to pay a 5.25 % mansion tax and a “hefty price to the realtors,” that means they’ve invested lots into the 12-bedroom, 24-bathroom dwelling. So, at $64 million, the previous couple would have almost definitely taken some loss.
Why Jennifer Lopez And Ben Affleck’s Residence Will Take A Whereas To Promote
Well-known actual property dealer and the star of “Promoting Sundown,” Jason Oppenheim, beforehand shared that Affleck and Lopez should not be too bothered by the period of time it has taken to promote their mansion, noting that such huge properties are inclined to take not less than six months to discover a purchaser.
Whereas talking to Realtor.com, he shared, “It will have been shocking for the home to promote in lower than 100 days,” including that “most houses of this magnitude are available on the market for six months, and in lots of instances considerably longer.”
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The outlet gave a lot of elements inflicting a delay within the sale of the mansion, noting that bills related to the sale would lead to a smaller pool of potential patrons. It additionally acknowledged that individuals who could make such pricey purchases are inclined to delay in hopes of a value discount.
One other important issue is the estimated $283,666 the home-owner would doubtless spend every month on taxes, safety, and owners affiliation dues.
Lopez and Affleck’s dwelling additionally competes with different luxurious properties in Los Angeles, making promoting tougher.
Ben Affleck And Jennifer Lopez Have Been Declared Legally Single
Lopez and Affleck have been declared legally single by the Los Angeles County Superior Court docket on Friday, February 21, in accordance with paperwork obtained by People Magazine.
This comes after settling their divorce on January 6 after going via mediation. Neither Lopez nor Affleck obtained spousal help, and each have been allowed to stroll away from the wedding with all the property they owned earlier than tying the knot in 2022.
The singer reportedly bought to maintain her 8.5-carat diamond engagement ring, value an estimated $5 million. She can even cut up the proceeds from her Beverly Hills mansion with Affleck each time they promote the property.
