Friday, April 27, 2012

Britney Spears' Home Sells For $4.25 Million


Britney Spears has agreed to sell her Beverly Hills estate for $4,253,000, which is pretty impressive considering the palatial pad was listed at $2,995,000.

Since Britney is under a conservatorship, the probate process could have meant a hearing which essentially turned into a bidding war. But it won't.

Britney's father and lawyers didn't want to risk losing the buyer and asked the judge to cancel the hearing. They got their wish, and the sale is final.

Britney Spears' House

The house, of course, is the site of her infamous meltdown in early 2008, during which police arrived and she was placed on a 5150 psychiatric hold.

Fortunately, that also marked the beginning of her career turnaround.

Even though Spears got significantly more than the asking price, she bought the estate in 2007 for $6.8 million. Darn you, California housing market.

On the flip side, she's reportedly making $15 million for The X Factor this fall, and earns more than $800,000 a month from music and other sales.

She'll live.

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