Are huge price reductions the magic trick to selling big-name listings? Melissa Joan Hart (a.k.a. “Sabrina Spellman” from the 90’s sitcom Sabrina the Teenage Witch) certainly hopes so. The actress slashed the price by $550,000 on her five-bedroom, Spanish-style house in the Studio City area of Los Angeles, CA, re-listing it for $2,700,000. Located at 14735 Sutton St, Van Nuys, CA 91403, the home has luxury features such as a solar-powered salt water pool, spa, covered patio, maid’s quarters, and a city view.

The Los Angeles Times originally reported the home for sale in October 2008, listed at $3.25 million.

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