Iggy Azalea and Nick Young Have Unloaded Their ‘Fancy’ LA Home

Photo: ShutterStock

UPDATE: Breakups can be costly, but Nick Young and Iggy Azalea’s is more expensive than most. After more than four months on the market, their joint property finally found a buyer for $3.25 million – nearly $350K less than their original ask, and $200K below what they paid back in 2014. While Nick and Iggy seem to have already moved on, the sale of their shared home solidifies their split. 

ORIGINAL POST 4/6/17: Iggy Azalea and Nick Young have been making a lot of headlines over the past year. This time it’s for listing the Los Angeles home they shared.

The “Black Widow” singer and the Lakers shooting guard bought the property from another high-wattage star, Selena Gomez, in 2014. With a listing price of $3.595 million, the couple is asking for just $100,000 more than they paid nearly three years ago.

The 6,630-square-foot pad is located in Los Angeles’ affluent Tarzana neighborhood.

Photos by James Moss, provided courtesy of Kofi Nartey

The sprawling home boasts a rare single-level floor plan with 6 bedrooms, 9 bathrooms and a half dozen gathering spaces. In the master suite, a separate seating area with a fireplace and double doors that open out onto the back patio set the scene for relaxation.

In addition to lush landscaping, an outdoor kitchen, fire pit, and luxurious in-ground pool grace the dreamy backyard. There’s even a basketball court for Young to keep his skills sharp during the NBA off-season.

Kofi Nartey, MBA, of The Nartey Group/Compass holds the listing.

Related:

from Zillow Porchlight https://www.zillow.com/blog/iggy-azalea-nick-young-selling-214558/

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Country Girl Miley Cyrus Buys $5.8M Tennessee Mansion

Miley Cyrus might be singing about ‘Malibu,’ but she’s done buying houses there. The Disney-actress-turned-pop-star just picked up a new $5.8-million pad in Franklin, TN.

This is Cyrus’ first home purchase in her birth state, but she’s been on a shopping spree in California over the past couple of years. In 2015, she bought a horse ranch in Hidden Hills, and 2016 called for a Malibu bungalow.

The latest addition to Miley’s collection is a sprawling 5-bed, 6-bath manse nestled on 33+ acres.

Photos from Zillow listing.

The home boasts classic Southern features including a wraparound porch and a screened-in sun room (with an indoor porch swing!). Inside the 6,869-square-foot estate, hardwood floors, a soaring stone fireplace, red brick accents and vintage exposed beams contribute to a rustic vibe.

A pool and mini-golf course dominate the fenced-in backyard. If you’re not taking a dip in the pool, then the yard is really best experienced from a second-story deck that sits atop the sun room and overlooks the property’s private 33 acres.

This home purchase comes hot on the heels of Miley’s announcement that she’s releasing a new album — one that many are speculating might be a return to her country roots. While a home purchase is hardly definitive proof, it is another signal for fans anxiously anticipating her next move.

Related:

from Zillow Porchlight https://www.zillow.com/blog/miley-cyrus-tennessee-220465/

Attending Bachelor Parties Adds Up – to More Than a Third of a Down Payment on a Home

Destination bachelor and bachelorette parties are becoming the new norm, especially among millennials who prize experience and grew up with The Hangover’s depiction of pre-wedding adventure. While flying off to Vegas with your closest friends can certainly be a trip of a lifetime, big ticket vacations can add up quick– a lost faster than a $19 avocado toast.

A new Zillow report found that millennials who attend just nine of these trips in a lifetime will have spent up to $13,788, or 35 percent of a down payment on the median home.

Owning a home is important to millennials, yet many of them are struggling to save enough money for a down payment. To help first-time buyers, Zillow calculated how much cash is needed for a 20 percent down payment on a home, and how much of it may be going toward bachelor or bachelorette parties instead.

Bachelor and Bachelorette Parties

A destination bachelor party costs on average $1,532 ($1,106 for a bachelorette), according to wedding website, The Knot. If the average person attends nine parties in a lifetime, or three a year for three years, they will have spent up to 34 percent of the cash needed for a down payment on the median home.

In some metros like Cleveland and Pittsburgh, millennials can spend up to half (51 and 50 percent, respectively) of their future home’s down payment on bachelor parties and well over a third of a down payment on bachelorette parties. However, in hot and expensive markets like San Jose or San Francisco, nine destination bachelor parties equates to only 5 or 6 percent, respectively, of the down payment on the median-priced home.

The Wedding

Bachelor and bachelorette parties are not the only expense associated with attending a wedding. On average, bridesmaids and groomsmen spend an additional $1,154 for things like wedding day attire, a gift for the bride and groom, as well as travel and accommodations for the wedding day. Guests not in the bridal party still pay $888, on average, to attend each wedding.

Help with Budgeting

Buyers can use Zillow’s affordability calculator to see how much they can actually afford to spend on a home, based on their income, debts and savings. Zillow’s mortgage calculator can also provide custom down payment estimates based on home price and interest rates.

Curious where bachelor and bachelorette party expenses make up the largest portion of a down payment on a home? Check out the full report here.

 

from Zillow Porchlight https://www.zillow.com/blog/partying-or-down-payment-220289/

Quiz: Can You Guess the Price of These Homes?

Note: There is a widget embedded within this post, please visit the site to participate in this post’s widget.

Top image, as well as the first and last quiz images, from Zillow listing.

More Quizzes:

 

from Zillow Porchlight https://www.zillow.com/blog/home-price-quiz-220272/

Rachael Ray Is Selling Her Southampton Home for $4.9M

Photo: Shutterstock

Celebrity cook Rachael Ray and her producer husband, John Cusimano, are ready for new digs after being longtime owners in the Hamptons. The couple paid $2.1 million for their 3-bed, 5-bath Southampton estate in 2008.

Nearly a decade later, they are asking $4.9 million for the home, which was renovated during their ownership. In addition to being located in an exclusive Long Island zip code, the home sits adjacent to the Southampton Golf Club.

The 3,000-square-foot pad feels airy thanks to a white and beige color scheme throughout the home.

Unsurprisingly, a kitchen designed for both functionality and entertaining awaits the future owner. Guests can sit on a conveniently placed window seat in the middle of the wraparound counters while the cook selects a bottle of wine from the island’s built-in wine rack.

Photos courtesy of Brown Harris Stevens

The backyard is also designed for entertaining, with well-maintained gardens, a blue stone patio and an enormous gunite pool. Also located on the 6+ acre lot is a pool house that boasts additional rooms for sleeping, living and entertaining – including a second kitchen.

Related:

from Zillow Porchlight https://www.zillow.com/blog/rachael-ray-sells-in-southampton-220023/