Flippers asking almost $5,000,000 extra because they fixed the leaks – from the latimes:
Rihanna took a financial hit last year when she sold her water-damaged home in Beverly Crest.
Now an industrious flipper is trying to make back some of the millions the pop star lost and has listed the newly improved place at $9.95 million.
The multiple Grammy Award winner paid $6.9 million for the property in 2009 and sold it two years later for $5.03 million. When listed then, the gated house was described as a “major fixer” with “extensive damage from moisture and water.” But that’s all water under the bridge now.
The 8,520-square-foot contemporary and a swimming pool sit on about three-quarters of an acre with unobstructed canyon and city views. Details include a custom closet with suede ceilings in the master suite, tiered seating in the home theater and 35-foot-high tongue-and-groove wood ceilings in the open-plan living space. There are three fireplaces, a bar, a library/study den, seven bedrooms and nine bathrooms.
Rihanna, 23, is one of the world’s top-selling recording artists. Her earnings between May 2011 and May 2012 were estimated by Forbes at $53 million.
Update – a big price reduction, now down to only $8,395,000: