Bristol Palin Headed to LA, Puts Maricopa AZ Home Up for Rent: $1,400/Month

When Bristol Palin bought a home in Maricopa, AZ in 2010, nearly everyone — from TMZ to the Washington Post — began speculating that the oldest Palin daughter would be attending Arizona State University for a degree in journalism.

Bristol’s Maricopa home, however, is 35 miles away from the campus and according to AZCentral.com, who contacted the dean of the school, she has not applied or registered to go to the university. To further dismiss any rumors of Bristol enrolling, her home recently hit the market as a rental for $1,400 a month.

Where is Bristol going? Reportedly, she is relocating to Los Angeles where she’ll be starring in a reality TV show on the BIO channel. Bristol and her son, Tripp, will be moving in with brothers Chris and Kyle Massey — the latter she befriended on Dancing with the Stars (and there a few reports that the two are dating) — to start up a new charity. BIO purchased 10 half-hour episodes, set to air in Fall 2011.

While Bristol will be living in the City of Angels, she’ll be hoping to get some cash back on her purchase in January. She scooped up the home for $172,000 in the hard-hit Maricopa real estate market, a significant reduction from the $329,560 price the home sold for in 2006. Median Maricopa home values hit at $96,300 and have declined 9.1 percent year-over-year.

According to property records, the home previously went into foreclosure in January 2010 and was bought in May for $137,200 by a couple from North Dakota as an investment. They fixed it up and put it back on the market at a starting price of $185,000.

The 5-bedroom, 2.5-bath home features an updated kitchen with tile backsplash, new maple cabinetry, and a newly landscaped backyard, and is located less than an hour’s drive from Sarah Palin’s new digs in Scottsdale.

The listing is provided by agent Nathan Martinez of RE/MAX Professionals.