Sep 9, 2024, 12:00 AM
Sep 8, 2024, 12:00 AM

Bennifer lists Beverly Hills mansion for $68 million this summer

Provocative
Highlights
  • Ben Affleck and Jennifer Lopez's Beverly Hills mansion is listed for $68 million, but experts believe it may be worth significantly less.
  • The property has been on the market since July, with concerns about its dated design and location in a neighborhood with lower-valued homes.
  • The high asking price may lead to financial losses for the couple if sold at that price, indicating a challenging selling process ahead.
Story

Ben Affleck and Jennifer Lopez have listed their Beverly Hills mansion for sale at $68 million, but experts suggest the price may be inflated. A real estate source indicated that the property is likely worth between $40 and $50 million, citing its dated design and oversized features as drawbacks. The mansion has been on the market since July, and its location in a neighborhood with homes typically valued between $5-10 million raises questions about its asking price. The property, located in Wallingford Estates, lacks a guard and is characterized by a mix of architectural styles that some believe detracts from its value. Experts predict that the couple may incur losses due to holding costs, commissions, and taxes if the home sells at the current asking price. Despite the criticisms, Santiago Arana, the listing agent, defends the price, highlighting the unique features of the 5-acre estate, including an indoor sports complex with various athletic amenities. He claims that the property has attracted a good number of qualified buyers since its listing. The timing of the sale coincides with rumors of a potential divorce between the couple, which may have influenced their decision to sell. The combination of the mansion's high asking price and its unique characteristics may lead to a prolonged selling process unless a price reduction occurs.

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