Britney Spears may have sold the home in which she had her infamous 2008 meltdown for $4.235 million, close to a million more than what she was asking, but that's a far cry from the fully-furnished version she bought in 2007 for $6.75 million!
And now, it appears that the new owners of the estate, located in the exclusive gated community The Summit, will end up spending almost as much as the pop star originally did - because they're ready to shell out up to $2 million on renovations alone!
Josh Altman, a real-estate agent featured on Million Dollar Listing, reveals:
"It was an amazing deal for my client. The man who purchased the home was an Australian real estate agent. The buyers love their new home, but can't wait to paint over and an enormous mural of the South of France covering the entire living room wall. The house needs a lot of work, and my clients plan on putting in at lease $2 million in renovations. Britney took a major loss but you just have to remember in real estate, you win some you lose some, and in this case Britney lost. But let's face it, it, it is Britney Spears, she'll be just fine."
Ha! Yeah, especially if she's making as much for The X Factor as it's being reported!
And given the state of the real estate market, $4.235 million for a house sitting empty for four years ain't too shabby!
Hope the new owners have a bit more luck in the place than our beloved Brit Brit did!
[Image via WENN.]
Tags: asking price, britney spears, buyers, doubled, exclusive, josh altman, million dollar listing, real estate, renovations, the summit, x factor