Britney Spears is taking a multimillion-dollar loss by selling her Beverly Hills-area home, but she’ll be shedding some bad memories along with that square footage.
The mansion -- purchased in a big rush in December 2006 after the pop star filed for divorce and left the Malibu home she’d shared with Kevin Federline -- is the same joint she was embarrassingly hauled out of more than once on her way to mental health-related hospitalizations in 2008.
There was always the whiff of buyer’s remorse around the mansion in a gated community off Mulholland, which she’d bought fully furnished and moved into in a matter of days, even before escrow closed. She’s been trying unsuccessfully to sell it starting in mid-2007, with an initial asking price of $7.45 million, more than the nearly $7.2 million she’d just plunked down just months before.
(Real-estate junkies might recall Southern California housing values peaking right about that time, before starting their burst-bubble free fall.)
Spears -- or rather, her conservatorship -- finally listed the house for $2.995 million this March in a sale requiring court approval. The court Tuesday approved a $4.253 million offer, heading off a Wednesday hearing TMZ said would have probably brought uncertainty to the situation in the form of other bids.