Public records have cleared on the purchase price paid recently by Motley Crue’s Tommy Lee for a 8,841-square-foot house in Calabasas, Calif., and they reveal that the aging rocker paid $5,850,000 for the house, or $100,000 above its asking price – a clearly unusual thing in this slowing residential real-estate market. We initially had speculated that the purchase price might have been $5,350,000, since we initially had known that he had taken out a $4,280,000 mortgage, and a mortgage of 80 percent of a purchase price – common in celebrity real estate – would have implied a $5,350,000 purchase price. Now, we know that that wasn’t the case; the $5,850,000 actual amount indicates that Lee’s down payment represented about 27 percent of the house’s purchase price.
Built in 1987, Lee’s new six-bedroom house was remodeled in 2005 and has a 3,000-square-foot underground garage with space for 12 cars, seven and a half baths, a three-story atrium, an indoor koi pond, walnut and travertine floors, granite slabs, copper doors, etched glass, wrought iron accents, and beamed ceilings, according to listing information. The house sits on a 0.67-acre lot.
Built in 1987, Lee’s new six-bedroom house was remodeled in 2005 and has a 3,000-square-foot underground garage with space for 12 cars, seven and a half baths, a three-story atrium, an indoor koi pond, walnut and travertine floors, granite slabs, copper doors, etched glass, wrought iron accents, and beamed ceilings, according to listing information. The house sits on a 0.67-acre lot.
