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Jodie Foster’s House: The Academy Award Winning Actress Is Leaving the Hollywood Hills

At Jun 17, 2013

Jodie Foster is a member of a very special group of performers.  This special group is known as, “Child Stars Who Actually Grew Up To Be Healthy Adults”.  A child star who managed to make it through adolescence without too many hiccups, she went on to graduate from Yale University, and has enjoyed a very successful career, both as an actor and a director.  By all accounts, her years at Yale were the most difficult.  This was not because of her schedule or the academic work, but because multiple crazed fans had easy access to her on an open college campus.  The most “famous” of these fans, John Hinckley, Jr., stalked her while she was a student, and ultimately attempted to assassinate then-President Ronald Reagan in order to impress her.  After finishing college, she was uncertain if she would continue acting, but she finally chose to continue.  This was a smart decision on her part, as she has gone on to win two Academy Awards, two Golden Globes, a BAFTA, a SAG Award, and this past year, she was awarded the Cecil B. Demille Award at the Golden Globes.  The child star who earned her first Academy Award nomination when she was thirteen, has gone on to become one of Hollywood’s most consistently bankable female stars.  She is next slated to appear in the highly-anticipated new feature from Neil Blonkamp, “Elysium”, and she has both television and film directing gigs lined up this year.  Apparently, the secret to being a well-adjusted child star, is doing what you love, and doing it well, for the rest of your life.  She owns multiple properties around California, and she recently put one of her homes in Los Angeles on the market.

Jodie Foster’s house is 6,060 square feet and contains 4 bedrooms, 4 full bathrooms, and 2 half-baths.  Located in the Hollywood Hills, the beautiful Spanish-style mansion also boasts an attached one bedroom guest suite.  Jodie Foster’s house features high ceilings, hardwood floors, and lots of sunlight.  There is a sunken living room with a cathedral ceiling, a state-of-the-art kitchen with a Butler’s pantry, an office suite, a screening room, and very well-appointed master suite.  Outside of Jodie Foster’s house, there is a pool, a large patio, and lots of greenery.  She is asking $6.399 million for the property, which is surprisingly reasonable for the area.  Odds are, it will sell quickly.  There are probably a lot of people who would love to say they live in Jodie Foster’s former home.

Celebrity Net Worth

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Jodie Foster Lists Spanish Perch in Bird Streets

At Jun 17, 2013

Jodie Foster is flying the celebrity coop that is the distinguished neighborhood known as Bird Streets. The acclaimed actress, director and producer has decided to part ways with her Spanish-style home in the affluent Hollywood Hillscove, listing the property for a cool $6.399 million. Foster originally purchased the intimate hacienda in 1997 and went about remodeling parts of the property. However, the 1935 villa retains much of its original charm, with beautiful beamed ceilings, brick-lined courtyards and other rustic details. Accessed via a private, gated driveway in the rear, the home sits shaded in mature foliage and a “high-reaching hedge for utmost discretion.” The home itself offers four bedrooms, five baths and roughly 6,060 square feet, and it has amenities ranging from a screening room to a chef’s kitchen to a master suite with a private sitting area.

Realtor.com

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Jodie Foster Lists West Hollywood Home for $6.4M

At Jun 14, 2013

Alyssa Abkowitz looks at this week’s Private Properties: Jodie Foster lists her home in West Hollywood for $6.4 million; a piece of George Washington’s Mount Vernon asks $25 million; a Pebble Beach house designed by Cesar Pelli lists for $12.8 million; and on the market for $74 million, a Palm Beach mansion sells for $42 million. Photo: Hilton & Hyland.

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Jodie Foster puts Hollywood Hills West home up for sale

At Jun 14, 2013
By Lauren BealeJune 13, 2013, 12:29 p.m.

Academy Award-winning actress Jodie Foster has listed her home in Hollywood Hills West for $6.399 million.

The Spanish-style house, built in 1935, features a step-down living room with a cathedral ceiling, a screening room, a study, a courtyard swimming pool, five bedrooms, six bathrooms and 6,060 square feet of living space.

PHOTOS: Grandest pool around? Malibu has it

Foster, 50, gained recognition for her starring role in “Taxi Driver” (1978) at age 13. She won Oscarsfor “The Accused” (1989) and “The Silence of the Lambs” (1991). More recently she starred in the 2011 films “Carnage” and “The Beaver.”

David Kramer and Jeffrey Hyland of Hilton & Hyland, an affiliate of Christie’s International Real Estate, are the listing agents.

 

LA Times

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Jodie Foster’s House In Hollywood Hills Listed For $6.399 Million

At Jun 14, 2013

Actress Jodie Foster is trying to shed some real estate skin with the listing of her longtime Los Angeles home. Foster just listed her Hollywood Hills property for $6.399 million, reports the Los Angeles Times.

The 1935 Spanish Villa has four bedrooms, four bathrooms and two half-baths. It spans about 6,000 square feet of living space and surrounds the property’s central courtyard. The grounds span about .29 acres of land and also include a pool, spa and detached guest house.

Inside the main home, there are cathedral ceilings, a gourmet kitchen and a massive screening room. And because this is a celebrity property, the entrance is discrete and gated. The official listing calls the home a “refuge” for homeowners who want “the ultimate in privacy, security and style.”

Foster first bought the home in 1997 and updated part of it, reports the Wall Street Journal. Before Foster, model/actress Cheryl Tiegs owned it.

In “Elysium,” her latest movie, actress Jodie Foster plays a a character who represents the richest .01 percent of society. The futuristic film depicts Earth as a vast wasteland and people like Foster’s character live up in the sky, safely ensconced in a luxury space station called Elysium.

Foster, 50, has been acting since she was three years old and has a respected career as a director and producer as well. Her films “The Silence Of The Lambs” (1991) and “The Accused” (1998) have landed her two Oscar awards for Best Actress.

 

Huffington Post 

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A Very Big Deal Goes Down Quietly Down in the Bay Area

At Jun 12, 2013

It seems the global economy isn’t suffering much if you’re among the super-rich of the world.

Thanks to the fine folks at SF Luxe, Your Mama has learned that a sprawling Silicon Valley estate in hoity-toity Woodside, CA just sold for—buckle your real estate safety belts, butter beans—a mind-numbing and record-breaking $117,500,000.

The seller, according to previous reports and property records we peeped, was San Francisco-based financier Tully Friedman. The deep-pocketed buyer, shielded behind a mysterious limited liability company, has yet to be revealed but Your Mama hears through the Silicon Valley real estate gossip grapevine that the buyer might be a Korean banker who—so the story goes—bought the property as a summer getaway for his wife—or maybe his mistress—who may want to embark on some sort of remodel.

Bueller? Bueller? Anyone? Bueller?

The Neoclassical main mansion, according to noted classical architect Allen Greenberg’s website, occupies “an elaborate hilltop garden” and reflects a “strong Palladian tradition” that’s ” planned around hyphens and dependencies and features a double volume, elliptical garden room.” We don’t really know what an architectural hyphen or dependency is but it certainly sounds high fallutin’ don’t it? The San Mateo County Tax Man shows the house measures 8,930 square feet and contains just four bedrooms and 4.5 bathrooms but we really can’t vouch for the accuracy of those numbers.

The nearly nine acre gated estate also includes acres of elaborate and meticulously maintained formal gardens, at least one reflecting pool, broad expanses of painstakingly manicured lawns, lots and lots of parking and a swimming pool complex with spa and a pool house Your Mama would bet is twice the size of our own house.

The super-sized transaction, which went down very quietly in late November (2012), makes it the most expensive private residence in California and it’s likely to be the second or third highest price ever paid for a private home in the United States. Chicago hedge fund fat cat Ken Griffin and wife Anne Dias-Griffinallegedly and possibly coughed up $130 million for a quartet of contiguous properties in Palm Beach late in 2012 and the 124,000 acre Broken O Ranch in Montana—last listed for $132,500,000—was acquired late last year by multi-billionaire businessman Stan Kroenke and wife Ann for an undisclosed amount believed to be in the nine figures. Ann (Walton) Kroenke, for the record, is the daughter of Wal-Mart co-founder Bud Walton.

The wily SF Luxe folks dug up a small cache photos of the property and is it ever a doozy worth having a look-see at. Run don’t walk before they’re forced by an angry army of attorneys to take them down!

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California’s Million Dollar Home Sales Hit Five-Year High

At Jun 12, 2013

The number of homes statewide sold for more than $5 million reached an all-time high last year, while those selling at a million dollars or more rose to the highest level since 2007 last year, a real estate information service has reported.

Cash buyers, an upturn in home prices and the recovering economy played a role in the increase, as did a year-end rush among the wealthy to take advantage of lower capital gains taxes by closing before year end.

Across California, 697 homes sold for more than $5 million compared to the previous high of 491 in 2011.

The 26,993 homes sold at $1-million-plus represented a 26.9% jump from 2011, according to San Diego-based DataQuick. In comparison, 42,502 home sales exceeded the million-dollar mark in 2007, before the mortgage meltdown dragged down home prices across the housing market.

The record was set in 2005, when 54,773 homes sold for a million dollars or more. The luxury market outpaced overall sales, which were up 8.2% statewide.

“It should go without saying that buyers and sellers in the prestige market tend to respond to different motivations and incentives than the rest of the market,” John Walsh, DataQuick president, said in a press release. “Job security, down payment sizes and mortgage interest rates don’t play the same role. Returns on investments in a low interest-rate financial environment and safe-haven investing do play a role.”

Hillsborough claimed top spot with 422 sales at $1-million-plus. Southern California communities with the most $1 million-plus sales included Manhattan Beach, Newport Beach, La Jolla, Brentwood, Beverly Hills and Laguna Beach.

Cash buyers accounted for a record 7,791 of the million-dollar home sales, up from 5,802 in 2011.

The most expensive transaction to appear in public records was the $117.5-million sale of an 8,930-square-foot mansion on nine acres in the Northern California community of Woodside.

Among top sales locally last year was Oracle Corp. head Larry Ellison’s purchase of a three-structure, copper-roofed compound along Malibu’s Carbon Beach for $36.944 million.

Almost all home sales in the communities of Ross in Marin County; San Marino and Santa Monica in Los Angeles County; Los Altos in Santa Clara County; Atherton and Hillsborough in San Mateo County; and Rancho Santa Fe in San Diego County were in $1-million-plus territory.

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Here is Bob Hope’s Palm Springs Lautner Asking $50 Million

At Jun 12, 2013

Bob and Dolores Hope’s mushroomy Palm Springs house is hitting the market for the first time ever this month, but for even more than expected: $50 million (vs. the $45 million reported in November). The house was designed in 1973 (but not finished until 1980) by the magnificent John Lautner and “was built to resemble a volcano, with three visorlike arches and an undulating concrete roof, a hole at its center opening a courtyard to the sky,” according to the New York Times. The house also has a boulder that juts into the living room. However, Dolores Hope had ideas of her own and brought in a designer to change up the interior; while Linda Hope says they weren’t “major alteration[s],” Lautner “eventually distanced himself from the project.” Dolores also added a Garth Benton mural on the back wall of the bar and “a lush, greenhouse-like wall of plants in the spa, which houses a pool, a hot tub and an exercise area.” The house also has six bedrooms, 10 full bathrooms, three half-baths, indoor and outdoor pools, a pond, putting greens, and a tennis court.

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Forclosures of Million Dollar Plus Homes on the Rise Even the Rich are Affected by the Church

At Jun 12, 2013

After the mortgage meltdown and the plunge in homeprices, record numbers of ordinary houses tumbled intoforeclosure across Southern California as borrowers became unable or unwilling to pay their mortgages. But the rich aren’t so different after all: Million-dollar-plushomes have reverted to lender ownership in increasing numbers — previous sales prices, prime locations and even celebrity pedigrees have provided no immunity.

Earlier this year, Oscar-winning actor Nicolas Cage’s English Tudor joined the foreclosure fraternity. The nearly12,000-square-foot house, once marketed at $35 million,now is listed for $11.8 million; the seller, Citibank.

The Bel-Air mansion wasn’t even the most expensive lender-owned property — known in the industry asREO, or real estate owned — in Los Angeles County, according to a records search of houses on theMultiple Listing Service in the county’s most posh ZIP Codes.

Higher priced still was the alleged Wells Fargo party house, which was listed nearly a year ago at $21.5million and sold this month for $14.95 million. The beachfront house in gated Malibu Colony became thecenter of controversy when neighbors complained that it was being used by a Wells Fargo & Co.executive for social events; the executive was subsequently fired.

Although the pace of foreclosures has slowed in the general housing market in Southern California andmuch of the nation, it’s still rising for upper-tier homes.

The number of homes in the $1-million-and-up slice of the market that have become bank owned hastripled in the second quarter compared with the same period three years earlier in Los Angeles County,which has the majority of Southern California’s high-priced REO houses. And the trend has shown littlesign of slowing, according to data from ForeclosureRadar.By comparison, the number of homes reverting to banks in all price ranges combined peaked in the thirdquarter of 2008.

Many of the reasons the rich lose homes to foreclosure are no different from those of moderate- orlow-income borrowers — poor financial management, the loss of a job, a drop in home value — saidMark Goldman, a foreclosure expert and loan officer who teaches about real estate investments andfinance at San Diego State University. That the top of the market is still seeing increased foreclosures mayreflect the staying power of owners with deeper pockets who could hold on to their homes when theeconomy first faltered, he said.

Some well-heeled homeowners were hit particularly hard when the stock market tanked and the financialscene fizzled. Others, such as the original owners of the Wells Fargo beach house, saw their investmentswiped out by Bernard Madoff’s massive fraud scheme.

But none of that unsavory association was apparent in the polished staging and marketing materials aboutthe 3,800-square-foot home prepared for Wells Fargo by listing agent Chad Rogers of Hilton & Hyland.(“Walls of glass create an unparalleled indoor/outdoor environment…. Wake up to the gleaming Pacific inthe sumptuous master suite.”)

In fact, unless one reads the fine print, it is sometimes hard to identify a pricey property gone bad. Rogers’ Hilton & Hyland colleague David Kramer, however, takes a different approach when sellingbank-owned property. A 12,000-square-foot contemporary Mediterranean he has listed with other agentsrecently hit the market at $8.595 million. Included in the MLS remarks describing the property: “lenderowned” and “originally listed at $16.95 million.” Who doesn’t want to know they are getting 50% off, he said.

Not every REO is owned by a bank. Sometimes the new owner is a private money lender. One such corporate-owned REO in the Beverly Hills Post Office area is an 11,000-square-foot Mediterranean on more than two acres with a tennis court and swimming pool that is priced at$7,999,000. The original owner had purchased the property in the 1990s, but after borrowing against theproperty for a business that didn’t survive the economic downturn, he couldn’t support the payments, saidlisting agent Danny Batsalkin of L.A.-based Boulevard Realty.

Unlike the bank-owned competition, the house comes with an offer of financing — 20% down at a 5.99%interest rate and three years of interest-only payments. “This does make it more attractive,” Batsalkin said.

Changes in banking requiring full-documentation loans have altered the financing picture in the upper endof the market, Goldman said. “In 2006, you could borrow 70% to 80% on a $10-million house,” he said. “Today you might need 50%down.” Working with a seller that is a bank can present challenges.”In general, my experience has been that banks are really bad at managing real estate,” Goldman said. “You probably have to go through three or four good offers before someone will sign on the line to sellthe asset.”

The lender is not motivated to let the property go at a discount, because it still shows a higher value whileit’s on the books, he said. That opinion, however, is not shared by Karen Caskey, an REO property specialist with RS Capital who isbased in Beverly Hills.

The bigger lenders all have specific documents and forms to file, such as proof of cash, said Caskey, whohas worked with REO buyers and sellers since 1993. “If all their requirements are met, I’ve had an answerthe same day.” Caskey says she is sometimes competing against multiple offers for multimillion-dollar REOs.

Other lenders are lowering prices. A bank-owned property in Beverly Hills listed at $3.1million thatCaskey has been tracking was dropped to $2.65 million this summer. “There’s good savings in the$2-million- to $4-million range,” she said. Though there has been much speculation about a so-called shadow inventory of REOs ready to hit themarket and depress prices further, Goldman is not concerned. “We’ve been waiting for a year and a half for the deluge of bank-owned properties, and it hasn’t happened yet,” he said.

Another reason to be less concerned about shadow inventory, Goodman said, is that now there’s moreinterest from banks to modify loans or go for a short sale, in which the house sells for less than thelenders are owed. Some high-end homes have not returned to the market and instead are being leased back to their formerowners. “The banks will sell them in four or five years” when prices have rebounded, Caskey said.

In the current market, it can take years to get a new owner into a property that went into default. Retiredpro ballplayer Jose Canseco lost an Encino home in 2008 to Washington Mutual. He had purchased theproperty for $2.785 million. A sale finally is pending on the REO, listed at $2.125 million.

Whether luxury REOs represent bargains that won’t be available again for years remains to be seen. Bryan Ochse of Media West Realty in Burbank, which works with 11 lending institutions and specializesin REO sales, isn’t betting on it. “We believe the high end is ready to fall apart,” he said.

Goldman is more optimistic about the market’s recovery. There has been a lot of talk recently “about a double-dip” in the housing market, Goldman said. “I’ve beenthinking of the housing market as a light airplane landing and it kind of bounces. Until things stabilize,we’re going to see some up and down here.”

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David Kramer Honored as one of LA’s Best

At Jun 12, 2013

Winners and finalists in The Courier’s “Readers Choice Awards for Best Real Estate Agent in Beverly Hills 2009” were honored Monday at a private reception at the Montage Residences Beverly Hills. All 16 top real estate agents attended.

The Courier Publisher Cliff Smith and Associate Publisher Marcia Hobbs presented award certificates to the winner, Michael Libow of Coldwell Banker, Top Five Winners Cathy Ferraro of Ferraro & Associates, Brooke Knapp and Drew Mandile of Sotheby’s International, and Jerry Jolton, also of Coldwell Banker.

Finalists presented with their awards were David Kramer of Hilton & Hyland, Elaine Dannenberg of Prudential Realty, Myra Nourmand, Michael Nourmand, Rochelle Maize and Judy Feder of Nourmand & Associates, Alison Mitchell of Keller Williams, and Bernice Gershon, Janine Gershon Friedberg, Tania Ferris and Martin Geimer of Coldwell Banker Beverly Hills South.

The winners were nominated by their Beverly Hills clients in 100-200 word essays submitted to The Courier by its readers.

Nominations could only be made by current or former Beverly Hills residents who had bought or sold real estate through the nominee. Nearly 100 essays were submitted naming more than 60 agents.

Judging criteria included, besides professionalism in representation, contributions to the community. The essays, which were the sole basis of the awards, were judged by the The Courier’s editorial staff.

Readers who submitted nominations represented the purchase or sale of more than 150 homes in Beverly Hills, dating back as far as 20 years or more. Approximately 60 percent of entries came from the area bounded by Sunset Boulevard on the north and Santa Monica Boulevard on the south, city limits on the east and Wilshire Boulevard in the west, commonly known as the “flats.”

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