Connect with us

NEWS

Breaking News: Jennifer Lopez, Ben Affleck Face Setback in Sale of $68M Mansion After Buyers Pull Out of Escrow…. See More

Published

on

Ben Affleck and Jennifer Lopez have encountered an obstacle in their rushed efforts to sell their $68 million former marital home amid their ongoing divorce.

The actor, 52, and singer, 55, had already accepted a $64 million offer from a New Jersey couple for the shared property. However, the deal recently hit a roadblock after the prospective buyers pulled out of escrow citing a death in the family, TMZ reported Tuesday.

Sources told the outlet that the buyers are still very much interested in purchasing Ben and Jen’s former marital home, which the exes previously listed on Zillow for $68 million after accounting for the renovations they did since buying the property for $60.8 million in May 2023.

When a property falls out of escrow, it typically indicates a disruption in the sale process or transaction, meaning the home will no longer be under contract and can be relisted, according to the Daily Mail.

The sale delay also brings additional financial implications for the exes, including a 5.25 percent mansion tax and a substantial fee for realtors.

The sale of the 38,000-square-foot mansion, known as Crestview Manor, would reportedly mark an important division in the $550 million combined assets of the ex-couple, who are currently navigating their “tricky” divorce with famous divorce attorney Laura Wasser. The divorce is deemed tricky because the two Hollywood stars failed to sign a prenuptial agreement before tying the knot in July 2022.

2022.

Crestview Manor screams of luxury as it houses 12 bedrooms and 24 bathrooms in the main house. The property also comes with a 5,000-square-foot guest penthouse, a separate two-bedroom guardhouse and a caretaker house. It is also rich in amenities, including a 12-car garage, a sports lounge, pickleball and basketball courts, a boxing ring and a home gym. There’s also parking space for up to 80 vehicles within the premises.

Affleck, who has a net worth of $150 million, and Lopez, whose net worth is estimated at $400 million, reportedly bought the house with the intention of making it the primary residence of their blended family. The “Argo” actor shares three kids with ex-wife Jennifer Garner — Violet, 18, Fin, 15, and Samuel, 12 — while J.Lo has 16-year-old twins, Max and Emme, with ex-husband Marc Anthony.

While the property appeared to accommodate their needs, an insider told People earlier this month that the ultra-modern aesthetic didn’t align with Lopez’s style, and Affleck himself eventually grew dissatisfied with the home’s location. His life and children are based in Brentwood, and the commute became a hassle for the actor.

Affleck has since acquired a $20.5 million bachelor pad, while J.Lo is reportedly in negotiations to buy a $55 million L.A. mansion amid their divorce, according to

NEWS1 hour ago

Breaking News; This Company Says Its Sales Grew 2,500% After Taylor Swift Wore These $16 Glitter Freckles…. See More

NEWS3 hours ago

Breaking News: Donna Kelce Says “Tight-Lipped” Son Travis and Girlfriend Taylor Swift Won’t Tell Her What They’re Dressing up as for Halloween… See More

NEWS3 hours ago

Just In: Andy Reid, Patrick Mahomes get clear message from Travis Kelce about Kareem Hunt, JuJu Smith-Schuster… See More

NEWS3 hours ago

Just In: Elon Musk Unveils Autonomous Tesla Cybercab, Robovan…. See More

NEWS3 hours ago

Breaking News: Elon Musk’s robotaxi launch fails to wow Wall Street — and leaves Tesla analysts with more questions than answers…. Read More

NEWS3 hours ago

Breaking News: Elon Musk Sees Tesla’s Future In Self-Driving Robotaxis But He’s Far Behind Waymo…. See More

NEWS4 hours ago

Breaking News: Flustered’ Travis Kelce Has to Hurry to Catch Flight With Taylor Swift…. See More

NEWS4 hours ago

Breaking News: We’re confident in Kevin’: McCaskey backs Warren in bid to build new lakefront stadium…. See More

NEWS5 hours ago

Breaking News: Blake Lively and Ryan Reynolds Join Close Friend Taylor Swift in Donating to Hurricane Relief Efforts…. See More

NEWS5 hours ago

Breaking News: Patrick and Brittany Mahomes Take Kids to the Zoo and Stare Down a Lion On Chiefs Day Off…. See More

NEWS6 hours ago

Breaking News: Travis Kelce’s ex slams ‘crazy’ Taylor Swift fans as she opens up on relationship with Chiefs star… See More

NEWS6 hours ago

Breaking News: Patrick Mahomes faces ‘feud’ with pregnant wife Brittany after sticking to NFL bye week plans…. See More

Copyright © 2024 Louvernews