This Is The Ugly Truth Behind Charlie Sheen’s Recent Sale Of His Beverly Hills Mansion
It looks like troubles haven’t ended yet for former ‘Two and a Half Men’ actor Charlie Sheen. Once being among the top-paid entertainers on television, the now-54-year-old’s career and fortune have been rocked by numerous legal controversies and health issues for years now. These troubles even affected his recent sale of a Beverly Hills mansion.
After two years in the real estate market and a couple of price cuts, Sheen has finally found a buyer for his seven-bedroom home. There’s a catch though. The actor initially wanted an estimated $10 million for the property when he decided to let go of it. In the end, he only got $6.6 million, which leaves him at a loss given the fact that he bought it for a reported $7.2 million back in 2006.
Looking at his current circumstances, it may be that he didn’t have much of a choice. According to sources, the actor re-listed the residence with a slashed price before so he can avoid foreclosure on the property. Apparently, Sheen received notice that his home would be foreclosed should he fail to pay a reported $80,000.
This amount is the total of what he owes in back payments for his mortgage. Sheen has also notably reduced the monthly spousal and child support payments he makes due to his financial woes.
Having a Mediterranean Revival aesthetic, the home was originally built in the early 90s. Some of its most notable design features include floor-to-ceiling windows and double-height living spaces spread out in the expansive abode. And speaking of living spaces, the mansion’s living room features an array of things from a jukebox, a pool table, and an impressive bookcase-shaped fish tank.
Meanwhile, the master bedroom has its own array of unexpected features such as a wet bar, a sitting room, and even a screening room. There’s also the ‘mini food elevator’ that is connected to the kitchen area down below.
Charlie’s Other Losses
Sheen was also reportedly the landlord to his former wife Denise Richards and their two daughters, who all lived in a home next door to the actor. However, he allegedly evicted his family back in 2015. Richards then remarked on her ex-husband’s behavior becoming more and more erratic at the time.
The actor has previously bought and sold two more properties in the same area. The first one, acquired in 2011, was offloaded by the Sheen at a loss in 2015. He made a bit of a profit off of a home he bought in 2012 though, which he eventually offloaded in 2016.
More in Loans & Mortgages
Self-Sabotage in Career Development: How Can You Avoid Falling into This Trap?
How many times have you promised yourself you’re going to skip the morning Starbucks but ended up breaking that vow over...September 25, 2020
Mistakes You Must Avoid While Building a Financial Model For Your Startup
One of the most critical factors behind a startup’s success is its financial stability. And a robust money model can ensure...September 25, 2020
Biggest Real Estate Industry Myths, Debunked! Plus, How to Start a Career in this Lucrative Field
Not many fresh graduates would consider real estate as their first career choice since this industry was branded as unstructured and...September 24, 2020
Thinking of a Career Change At the Time of the Pandemic? Here’s What You Need to Know
There may be no better time to think of a career change than now. After all, the uncertainty brought about by...September 24, 2020
Effective Tips On How to Change Careers During The Pandemic
Coronavirus has impacted the lives of everyone in this world. No-one could have imagined in 2019 that the major parts of...September 21, 2020
Thinking of Pursuing a Career in Agriculture? Take a Look at These Tips First
Competition in the employment sector has always been fierce, and things have only worsened because of the pandemic. Getting jobs has...September 18, 2020
The Most Secret Advice That Can Change Your Career Forever
Have you ever wondered what makes the most successful people prosperous? Is it the loads of money they make? Is it...September 17, 2020
This Advice From Oprah Winfrey Will Change Your Career & Life
Life can often become burdensome, and when it starts to get to you, you may feel like giving up. But no...September 17, 2020
Seven Mortgage Tips For Smart Borrowers With Bad Credit
Are you seeking advice to refinance your mortgage? Refinancing with bad credit is no more a matter of concern. With significant...August 31, 2020