After Britney Spears broke up with Kevin Federline, they put their Malibu mansion on sale. The house, surrounded by kingly gardens has eight bedrooms, eight bathrooms, a swimming pool, a spa, a gym and an outdoor kitchen, is initially listed for $13.5 million. Without any interested buyer, they slashed the price to $12 million. The final price probably won’t exceed $10 million.
Britney moved to another house valued above $7 million after divorce. If she have gotten $7 million mortgage loan, her mortgage lender would enjoy more than $34,000 interest per month for a long time with a 30-year term mortgage and 6 percent APR. She also have to pay fair amount legal free involving her sons custody dispute with Kevin Federline.
When Britney and Kevin got married in 2004, they couldn't take their honeymoon right wedding because the chaos of closing their new house. Britney spent some time to decorate their house. While she enjoyed decorating her house, the pop superstar had tough time to sell her luxurious New York penthouse.
Britney paid $3 million in 2002 for the 4,400 square foot quadruplex penthouse in the Silk Building, located on East 4th Street between Broadway and Lafayette. If she got $3 million mortgage loan when she bought it, she needed to pay about $18,000 a month for the mortgage alone for the empty house. The penthouse has three bedrooms, four and half bathrooms, a gourmet eat-in kitchen, wood-burning fireplaces 13 foot-high ceilings with a roof top terrace and a solarium.
The pent house is on top of a Italian Renaissance palazzo style building that was built in 1908. The 12-story building has 92 apartments and has long been a popular hideout for celebrities. Former residents of the penthouse include Rolling Stones guitarist Keith Richards and Russell Simmons as well as superstar Tom Cruise.
Britney put the apartment on the market in July 2004 for $5.9 million. She hired a new agent and slashed the listing price to $5.2 million last year. She slashed the price again to 4.5 million in 2006. Mortgage lenders and realtor agents love celebrities to buy and sell multi million properties, they can make tons of money from the trades.
After Britney Spears and Kevin Federline moved to Malibu, photographers had crazily besieged the area. The neighbors were no longer enjoying their peaceful life there. Hollywood couple David Duchovny and Tea Leoni were considering to move out of Malibu.
Britney Spears had two sons in her Malibu home. The Material girl Madonna offered advices to Britney during her first pregnancy. Madonna introduced Britney to the mystic Jewish faith the Kabbalah years ago. .
Now troubled Britney lost the custody of her two sons. Can she stay home quiet? No chance. The photographers won’t give her a break. At some points she loves the photographers.