Charlize Theron One Step Closer to Unloading Malibu Home

charlize theronActress Charlize Theron may have just gotten lucky. Her Malibu home, which we first wrote about back in December, has gone into escrow. The house was originally listed for $7.5 million, though the actress had recently dropped the price to $6,995,000. No word on the final sale price.

Theron and her former partner, actor Stuart Townsend, first listed the 2,095-square-foot house as a rental, for $30,000 a month. Although substantially remodeled, the beachfront home is one of the original houses on La Costa Beach. It has three bedrooms and a deck facing the ocean and features a hot tub, fire pit, water features and beach toys, according to the listing.
Townsend and Theron split up about a year ago, and the tabloids have had field day linking her romantically to various actors, including Eric Thal and more recently, Keanu Reeves.

Theron won an Academy Award for "Monster" in 2003 and starred in 2005's "North Country."

Ginger Glass of Coldwell Banker Beverly Hills North office and Madison Hildebrand of Coldwell Banker, Malibu Colony office share the listing.




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Latoya Rutledge

Step one: Use the seller finance option to find unique customers willing to buy the house at a higher price than would have been possible otherwise and complete the real estate transaction quickly.
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May 09 2011 at 1:36 AM Report abuse rate up rate down Reply
Latoya Rutledge

In order to get the money the seller needs from the loan they just created, the seller could sell the monthly note payments to a specialist buyer for a lump sum of cash. If the seller finds someone willing to buy the payments, now they can "have their cake and eat it too".

May 09 2011 at 1:35 AM Report abuse rate up rate down Reply
Latoya Rutledge

Seller financing also brings the property seller another critical advantage . the likelihood of selling for a higher price. Offering to carry back a note will not only greatly increase the number of potential buyers, but also bring a unique demographic of buyers who are willing to pay more for a given property than the general population. Advantage #2: MORE MONEY.

May 09 2011 at 1:34 AM Report abuse rate up rate down Reply
Latoya Rutledge

Seller financing is very powerful when the market is slow or when there are many similar houses on the market. Just listing the house as "OWC" - Owner Will Carry - will make the house stand out and attract more buyers. Because many individuals cannot get funding from a bank, offering financing will open the doors to these prospective customers as well, essentially significantly increasing the pool of potential buyers. So, advantage #1 is MORE BUYERS.

May 09 2011 at 1:34 AM Report abuse rate up rate down Reply
bokangzhang

Very beautiful !

May 08 2011 at 9:43 AM Report abuse rate up rate down Reply
rss0246

First tsunami... it's history.

May 08 2011 at 9:11 AM Report abuse rate up rate down Reply
victory

Such a beautiful piece of real estate. The interior and exterior living spaces have the look of comfort and total relaxation, throw in the backdrop of waves and sand, pure nervana.

May 08 2011 at 6:25 AM Report abuse rate up rate down Reply
Jerry

Charlize, get your money back. That place isn't even average. Not attractive inside or out...tiny... ;-(

May 08 2011 at 2:55 AM Report abuse rate up rate down Reply
ken

I have a nice basic 3 bedroom home,2cars,2kids,under the age of 6. My wife and i together earn 250,000 in our small business venture with 2 employees.Would somebody please tell Pres.Obama we are not RICH!!!!

May 08 2011 at 2:15 AM Report abuse rate up rate down Reply
1 reply to ken's comment
dave

count your blessings you ******* look around you to see how others less fortunate are living go volunteersomeplace you prick

May 08 2011 at 8:30 AM Report abuse rate up rate down Reply
doodiddy03

those stars still have problems and not happy even living like king's and queens..nice beach house...

May 08 2011 at 1:02 AM Report abuse +1 rate up rate down Reply