Celeb Tidbits: Cee Lo Leases from Frankie Muniz; Val Kilmer Under Contract; Dr. Phil Finds a Buyer; Nate Dogg’s Former Home in Foreclosure
Here are a few of celebrity real estate tidbits to munch on over the weekend:
Cee Lo Leases from Frankie Muniz
“Malcolm in the Middle” star Frankie Muniz didn’t find a buyer for his Hollywood Hills home, but he did find a renter. Muniz’s 4,200-sq ft pad (pictured above) caught the “crazy” eye of singer/songwriter Cee Lo Green who, according to The Los Angeles Times, is leasing the gated estate for $10,000/month. Prior to finding an interested tenant, Muniz’s former home had been sitting on the Hollywood Hills real estate market since October 2010, first listed for $3,295,000 then reduced to $3,195,000 in February 2011.
Val Kilmer’s New Mexico Ranch Goes Under Contract
After taking a cringe-worthy 44 percent price chop from its original 2009 asking price, The Wall Street Journal reports that Val Kilmer’s New Mexico Ranch finally found a buyer. The 6,000-acre property (pictured above) is reportedly listed as being “under contract” on the Sotheby’s website. The property was last listed at $18.5 million, down from the original $33 million price tag. The rumored buyer and sale price have yet to be disclosed.
Nate Dogg’s Home In Foreclosure
According to TMZ, the recently deceased rapper, Nate Dogg (formally named Nathaniel Hale), was months behind on mortgage payments for his Pomona, CA home. Two days after his death, the hip-hop icon’s digs was foreclosed on due to back-payments totaling nearly $6,000. Foreclosures are, unfortunately, nothing new for the Pomona real estate market. Zillow Real Estate Market reports show that 1 out of every 500 homes in the area were foreclosed on in February 2011. Nate Dogg passed away due to complications from multiple strokes. (See more celebrity foreclosures).
Dr. Phil Makes a Price Cut, Finds a Buyer
Apparently a price cut was the perfect diagnosis for Dr. Phil’s Beverly Hills estate (pictured above). After shaving $2.6 million off the original asking price of $16.5 million, the popular TV therapist found a buyer for the 8-bedroom Mediterranean-style mansion. Last listed at $13.9 million, The Wall Street Journal reports the home went into contract for an undisclosed price.