Ashlee Simpson and Pete Wentz Seek Split from Beverly Hills Home

Ashlee Simpson and Pete WentzPlatinum-selling pop artist Ashlee Simpson and husband Pete Wentz, a bassist for punk-pop band Fall Out Boy, are heading toward splitsville and did as many divorcing couples do: They put their home on the market - and, of course, immediately began hashing out details for custody of their son.

But since Simpson-Wentz, sister to Jessica Simpson, purchased the three-story Mediterranean in 2007 before the 26-year-old had reason to hyphenate her surname, there may be less of a battle over who gets the home sale proceeds. Their Beverly Hills mansion is listed for $3.695 million or it can be rented for $20,000 per month, according to the listing details.

Although this past co-star of 90210 and 7th Heaven married a short while after the purchase, she paid $4.5 million for the mansion, Shelterpop reported last year.

The walled and gated courtyard has a Zen vibe, complete with Buddha statues and a Buddha face mounted to the exterior wall. The living room has a cathedral-beamed ceiling, a fireplace, wide walnut wood planks floors and French doors that lead to the deck. (See photos in our gallery.)

The upstairs master bedroom has dual baths and walk-in closets, a fireplace and private terrace. To boot, it's a distance away from the the other bedrooms, which are on the lower level. Not sure if that means their two-year-old son, Bronx, sleeps farther than a holler away, but the toddler does get his daddy time. Father and son were seen playing on a jungle gym and in a sandbox at nearby park. (Simpson, on the other hand, was seen playing with Wentz' perhaps former bff, Craig Owens.)

The home also has a media room, an art studio, a dance studio, a swimming pool, spa and a two-story guest house.

It is listed by Jory Burton of Sotheby's International, who had the listing the first time the home came on the market early in 2010 for $400,000. It was delisted by May.

See interior photos of the house that Ashlee Simpson and Pete Wentz are selling.

Sheree R. Curry
, who has owned three homes and sold one after a divorce, is a three-time award-winning journalist who has covered real estate for six years. During her 20-year career, her articles have appeared regularly in the
Wall Street Journal, TV Week, and Fortune. She's been writing for AOL Real Estate since 2009 from a Minneapolis-area rental. She seeks a book publisher -- or at least a lender who'll give a reasonable mortgage rate to a self-employed mom.

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