Scarlett Johansson lists home at a loss
The actress is asking $4.95 million for the Spanish villa in Hollywood Hills that she paid $7 million for in 2007.
Oh woe is me, it's another loss for the rich and famous.
Move.com reports that actress Scarlett Johansson, also known as Mrs. Ryan Reynolds, has listed her Hollywood Hills, Calif., home for $4.95 million, a painfully steep drop from the $7 million she paid for it in 2007, according to The Real Estalker.
And as if that much of a decrease isn't enough on its own, it sounds like she also dumped some cash into creating her very own little abode, with the listing touting an "extraordinary restoration" that was recently completed, including system upgrades to solar electric power as well as all new windows and doors.
In addition to the upgrades, though, you also get a piece of Johansson's classic style. The 4,352-square-foot walled and gated Spanish villa was built in 1931 and still retains much of its original charm, including period tile and a gourmet period-style kitchen that features "Big Chill" retro-style appliances.
The 4-bedroom, 5.5-bathroom home also includes a giant center atrium with glass ceilings in its bright and airy floor plan, in which "rooms flow in and out to terraces, patios and cascading gardens," according to the listing. Other features include a lap pool, a media room, a gym or maid's quarters with a full bathroom, and a four-car garage.
Johansson's home is hardly the only one listed at million-plus losses in the Los Angeles area. Curbed L.A. also writes that the asking price for Frank Lloyd Wright's Ennis House, which has been on the market since last summer, recently was chopped from $15 million to $10.49 million.
Not much of a savings, though, considering that it won't even cover the estimated $5 million to $7 million the buyer would have to invest in the Mayan-inspired castle to restore it to its former grandeur.
| Tags: | buyinghomevaluesselling |
another interesting thing you say..."stop feeling so entitled and jealous", but right before that you say..."she earned it, she deserves to do whatever she wants with it"
According to you Jeff, People whom "earn it", "Deserve", "Whatever he/she wants". Wow! Seriously! and you say "stop feeling so "entitled"?
Jeff my friend, you and others are rationally inconsistent.
You and yours might want to start a "Rights without responsibility" campaign.
Hey Jeff:
"if i had 3 million to burn" A) You Don't.
"why would i use it to educate your children?" B) You do pay to educate children (if you pay taxes).
(personal note, i don't have any children, and i'm great with that)
"she earned it, she deserves to do whatever she wants with it" C)yes, and that includes the consequences of her decisions on how she spends it, good or bad) in this case, not so good, so too bad for her.
"stop feeling so entitled and jealous" D) Um, not so much, just very dismayed at how people "with a privileged job" and all that entails, can be so retarded, obviously they can afford to be, and it's true, your bank account does not equate one's intelligence, nor common sense.
Keep the house, sell the house, i don't care, make another movie and cover your losses. It's that simple. and maybe she ought to save some in the bank next time.
As only a few other posters have already pointed out...
Before you blast SJ for "complaining" about the situation, read the article again. There isn't a single indication of what or how she feels about the situation. Folks are reading WAAAYYY too much into this. After all, it's just somebody we don't know selling a house that is probably far away from us. Big whup.
Just for the record, unless the tax code has changed recently, Scarlett cannot write off the difference (loss) between the cost of the house and the ultimate sale price. If she were renting the house out, the tax code applied would allow it as a business loss.
However, if she were to make a profit from the sale, depending upon whether or not it was her primary residence, how long she had lived in it for the previous years, etc....she might have to pay taxes on the profit.
This is the same tax code that applies to all the (relatively) poor people such as myself. That means that the home we bought three years ago, and sold recently for $50,000 less than we paid for it, to avoid foreclosure, is not a tax deductible loss. Not to mention the approximately $10,000 in improvements. Also not deductible.
Fortunately, the interest we paid on the loan is deductible. Unfortunately, we were unemployed and paid no income taxes, so there is nothing to deduct against.
Try to control your envy and direct your anger towards the entities that deserve it. No one makes you go to the movies. There is no penalty for not buying or renting a DVD.
Try not paying your taxes, and see what happens.
TGFD here.
I agree with RelaxedMike's comment#40 @9:47 AM...
Save your money, and rent movie DVDs at the grocery store for $1.00. You can wait for them. Don't patronize theaters and willingly donate your money to turds like Johansson. Besides, I never heard of her before today.
The last two movies that I saw in theaters were "Aliens" in 1986 and "Titanic" in 1998? I haven't been to one since, and I don't miss them.
There used to be a Dollar Movie Theatre nearby that showed 2nd-run movies after they'd already been through the major Cinemas. The place was a lot of fun, but about 10 years ago, they tore it down to make room for a f'n Aamco transmission place.
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.
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