Another Home in the market owned by Ed McMahon, during the last years of his life Ed McMahon struggled with the prospect of foreclosure on this property. The Mediterranean-style estate is located at prestigious area of Beverly Hills known as "The Summit". The property features imported doors and fireplaces. It is sitting on 1/3 of an acre, and the home is 7,013 square feet.
The six bedroom, five bathroom house has been on the market for more than 2 years. The asking price started at $7 million but had been lowered several times, bottoming at $4.6 which is reportedly what Trump will pay for the property. McMahon paid $2.6 million for the home some 18 years ago.
McMahon has said he was experiencing financial troubles because he was unable to work after falling and breaking his neck in March 2007. The 85-year-old has for years worked as a pitchman and recently resumed that role, appearing with comedian Jimmy Kimmel to advertise Pontiac vehicles.
“For Mr. Trump, this acquisition was not business-related, but, as he has stated, was meant to help out an American icon,” said Michael Cohen, special counsel to Trump. “If another buyer should emerge who will create the benefit Mr. Trump sought for Ed McMahon, then he is clearly pleased.”
Seller: McMahon Family
Address: Beverly Hills
Price Tag: $4,600,000
Size: Big
No comments:
Post a Comment