Perhaps the painfully public meltdown of Britney Spears in 2008 was best summed up in paparazzi images of the pop princess strapped down to a stretcher and being carted out of her Beverly Hills home to the hospital. Turns out a house with that kind of celebrity infamy is worth some money: $4.235 million, to be exact.
Since that four year-old incident, Spears has been under a conservatorship in which her father, James, has handled all of her legal and financial decisions.Â Through that arrangement, a hearing had been scheduled for today on that Beverly Hills abode, which Spears has tried unsuccessfully to sell on and off since 2008.Â With a modest $2.995 million price tag, the estate was slated for probate sale, subject toÂ
Â Turns out, however, that a bidding war wasnâ€™t necessary to offload the 15,930-square foot home since an eager anonymous buyer placed an offer last month that was more than $1.25 million over the asking price. The court just approved the deal yesterday, according to TMZ, blessing the sale and canceling todayâ€™s hearing.
Tucked inside the exclusive gated community of Summit, the Mediterranean villaÂ had been snapped up by Spears for a hefty $6.75 million in 2007, during the height of the housing bubble. The singer reportedly bought it on a whim, fully furnished. The Summit Circle estate touts five bedrooms including a master suite with his-and-her baths and fireplace, a maidâ€™s quarter, a backyard with pool and spa and a three-car garage. The homeâ€™s sale status is â€œin escrow,â€ according its listing with the Sanborn Team, a realty team specializing in probate sales.
Perhaps not surprisingly, Spears has not occupied the home since her stretcher stint. Instead she started afresh in a one-acre Calabasas, Calif. rental called Chateau Suenos where she hid out from paparazzi, investing $700,000 into property upgrades. She moved out of that house in early 2011 and shortly thereafter, the estate headed for non-distressed real estate auction.
Now that the sale of the Beverly Hills home is approved,Â Spears will reportedly live with Jason Trawick, her former agent-turned-fiance, in a rental until they find digs they want to buy. Their temporary home will likely continue to be the $25,000-per-month Thousand Oaks rental the celebrity songstress settled on in December. That manse, boasting 10,000-square feet of living space, touts an infinity pool, a gym, a home theater and a pub with billiards table.
Since the pop princess ascended to stardom in 1999, sheâ€™s had 10 homes, including six she has personally owned.
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