Monday, July 7, 2014

Ellen DeGeneres sells Brody house for $55M for $15M profit - Mary Cummins Real Estate Appraiser in Los Angeles, California

A few months ago I wrote an article about Ellen DeGeneres buying the Brody House down the street from me. She just sod it for $55M for a quick $15M profit. Here is my original article about the house with photos.

http://marycumminsrealestatemarycummins.blogspot.com/2014/01/ellen-degeneres-just-bought-brody-house.html

"Ellen DeGeneres just flipped the amazing house she bought around New Year's -- after only living there a few months -- and the buyer was Napster co-founder Sean Parker ... who opened his wallet wide.

The Brody House -- yes, the place is so baller it has a name -- was sold to Parker for $55 million ... which means Ellen made a tidy $15 mil profit.  She bought it for around $40 million.  We're good at math.

We're told Parker approached Ellen and Portia late last month with the offer ... he went nuts over the famous house and Ellen's interior design.  We're told even though she never intended to flip the house, she couldn't refuse a good deal.  The escrow was all of 8 days.  It closed last Thursday. 

Ellen and Portia quickly snatched up the entire floor of a condo in Beverly West (fancy schmancy condo near Bev Hills) for $16 mil ... combining two units for new digs.  But when they want real space, they'll go to their mega-estate is Santa Barbara."


The units she bought were in Beverly West Residences right down the street at 1200 Club View, Los Angeles, CA 

http://beverlywestresidences.com/

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences

Ellen DeGeneres, Portia de Rossi, Mary Cummins, real estate appraiser, Los Angeles, California, Beverly West Residences
Mary Cummins of Animal Advocates is a wildlife rehabilitator licensed by the California Department of Fish and Game. Mary Cummins is also a licensed real estate appraiser in Los Angeles, California.

Mary Cummins, Mary K. Cummins, Mary Katherine Cummins, Mary Cummins-Cobb, Mary, Cummins, Cobb, real estate, appraiser, appraisal, instructor, teacher, Los Angeles, Santa Monica, Beverly Hills, Pasadena, Brentwood, Bel Air, California, licensed, permitted, single family, condo, pud, hud, fannie mae, freddie mac, uspap, certified, residential, certified resident, apartment building, multi-family, commercial, industrial, expert witness, civil, criminal, orea, dre, insurance, bonded, experienced, bilingual, spanish, english, form, 1004, 2055, land, raw, acreage, vacant, insurance, cost, income approach, market analysis, comparative, theory, appraisal theory, cost approach, sales, matched pairs, plot, plat, map, diagram, photo, photographs, photography, rear, front, street, subject, comparable, sold, listed, active, pending, expired, cancelled, listing, mls, multiple listing service, claw, themls,

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