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 attributable to renovations, they listed it for $68 million in the marketplace.
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Jennifer Lopez Splurges On Luxurious Los Angeles Compound
In accordance with 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, contains a 10,046-square-foot most important home, a barn, stables, a driving enviornment, a pool, and a visitor home.
It additionally boasts a totally outfitted fitness center, 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 worth for the property was $21 million and the actress received 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 large marital house in Beverly Hills.
The luxurious property was bought in Might 2023 and was listed in the marketplace 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 plenty of time in looking for one on the time.
“The $68 million mansion was Ben’s thought,” defined an insider in regards to the marital house buy, per Individuals Journal. 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 fitness center and a pickleball court docket, workplace area, 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 house, however the deal fell by.
In accordance with 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 dying 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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In addition they reportedly needed to pay a 5.25 p.c mansion tax and a “hefty payment to the realtors,” that means they’ve invested quite a bit into the 12-bedroom, 24-bathroom house. So, at $64 million, the previous couple would have most probably taken some loss.
Why Jennifer Lopez And Ben Affleck’s Dwelling 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 large properties are likely to take a minimum of six months to discover a purchaser.
Whereas chatting with Realtor.com, he shared, “It will have been stunning for the home to promote in lower than 100 days,” including that “most properties of this magnitude are in the marketplace for six months, and in lots of instances considerably longer.”
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The outlet gave plenty 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 said that individuals who could make such pricey purchases are likely to delay in hopes of a worth discount.
One other important issue is the estimated $283,666 the home-owner would doubtless spend every month on taxes, safety, and householders affiliation dues.
Lopez and Affleck’s house additionally competes with different luxurious properties in Los Angeles, making promoting harder.
Ben Affleck And Jennifer Lopez Have Been Declared Legally Single
Lopez and Affleck have been declared legally single by the Los Angeles County Superior Courtroom on Friday, February 21, in accordance with paperwork obtained by Individuals Journal.
This comes after settling their divorce on January 6 after going by mediation. Neither Lopez nor Affleck obtained spousal help, and each have been allowed to stroll away from the wedding with the entire property they owned earlier than tying the knot in 2022.
The singer reportedly received to maintain her 8.5-carat diamond engagement ring, value an estimated $5 million. She may even cut up the proceeds from her Beverly Hills mansion with Affleck at any time when they promote the property.
