Jennifer Love Hewitt Sells Her Toluca Lake House to Jessica Simpson’s Mom Tina, Loses $1.4 Million On The Deal

    Posted by Cristin  |  May 5, 2014  |  8:18 am  |  Tags: , , , , , , , , ,

    SGranitz/WireImage.com

    Tina Simpson Buys From Jennifer Love Hewitt

    Most Known For

    Mom and manager to Jessica and Ashlee Simpson, Divorced from 'Papa' Joe Simpson

    Home Stats

    4 bedrooms, 4 bathrooms, 3,216 square feet, pool, lakefront

    Price

    $4,100,000

    New mom Jennifer Love Hewitt has just sold her waterfront home in LA’s Toluca Lake suburb to Jessica Simpson’s mom Tina – at a massive loss!

    In an off-market deal that closed on April 11, 2014, Tina Simpson paid $4.1 million for the 4 bedroom home that Hewitt bought for $5.5 million for in January 2006. For those doing the math, that’s a $1.4 million-dollar loss for Jennifer.

    At one point in time, Hewitt had two Toluca Lake estates on the same street. She listed and sold one for $2.15 million in 2012, and leased out the other, asking $12,500 a month.

    While the newly-married Hewitt happily decamped to her new modern Pacific Palisades mansion with husband and new baby in tow, the for-rent house eventually (secretly) went up for sale, and the former Mrs. Simpson swooped in an nabbed it for a bargain.

    Tina Simpson may have been the leasee all along, as she and Joe Simpson split in the Fall of 2012 and their Encino mansion went up for sale for $4.3 million.

    Buying under her maiden name, Tina officially bought Hewitt’s updated four bedroom home right on Toluca Lake. The Spanish-style home features an office with separate entrance, a music room, gym, master bedroom overlooking the lake, and a double master bath.

    The family room opens up to the patio overlooking a private pool, spa and lakefront dock, where there’s plenty of space to dock a power boat and kayaks.

    Images via Gibson International.

      Amid Divorce Rumors, Jessica and Ashlee Simpson’s Parents Joe and Tina List Encino Mansion for $4.3M

      Posted by Cristin  |  October 3, 2012  |  5:44 pm  |  Tags: , , , , ,

      Celebslam.com

      Joe and Tina Simpson

      Encino, CA

      Most Known For

      The ever-present stage parents of Jessica and Ashlee Simpson

      Home Stats

      6 bedrooms, 7 bathrooms, 6,895 square feet

      Price

      $4,395,000

      Amid rumors that they’re secretly finalizing an amicable divorce, Joe and Tina Simpson have placed their “storybook” country english mansion in Encino, CA on the market for $4.395M. Parents to Jessica Simpson and younger sister Ashlee, Tina and Joe have become celebrity figures in their own right, due to their constant presence beside their famous daughters. Way back when, Joe was rumored to be a wedge between Jessica Simpson and her then-husband Nick Lachey. As we all know, those two eventually divorced and moved on to new lives that now involve babies and new career ventures. This home also has some bad marital “juju,” as it was the venue for Ashlee Simpson’s wedding to rocker Pete Wentz in 2008. That union ended in divorce.

      So, while we wait for divorce rumors to be confirmed, we can look at this real estate move as a signal that Joe and Tina are headed that way. Dividing of the “marital assets” and selling of the family home is a common stop on the road to splitsville. If the divorce rumors aren’t true, perhaps Joe and Tina just want to downsize or need a change of scenery. We’ll have to wait and see.

      What are they selling? Their estate is located in The Colony, a guard gated community of 19 estates in the heart of Encino’s Royal Oaks. The Simpson home is sited on over 1.5 acres and is epitome of “resort style” living. The copper turret entry beckons guests past a sprawling lawn with fountains to the grand rotunda. A formal living room features a pitched beamed ceiling and fireplace. The family room has a beamed ceiling, stone fireplace, wet bar, and wall of french doors. A breakfast room extends to the gourmet kitchen with Viking appliances and granite counters, a beamed ceiling, and butler’s pantry. A stunning formal dining room seats 10. Ascend the spiral staircase to the foyer. A master suite contains a fireplace, duel walk-in closets and stunning bath. The upstairs features 3 bedroom suites, perfect for a large family and grandkids! The home also comes complete with a professional theater and huge office. The grounds feature a fireplace, fire pit, wet bar, lagoon style pool and spa complete with grotto waterfall, sports court, gazebo, and putting range with views. The property also features a guest suite/gym with separate entrance and bathroom.

      Jory Burton of Sotheby’s holds the listing

      Update: On 10/24, Joe and Tina officially confirmed the divorce rumors, according to USWeekly.