By Erika Riggs
Gavin DeGraw's home is probably not what most people picture when they hear the phrase "celebrity real estate."
Although the singer/songwriter's home is listed on the Hollywood real estate market, it's the other Hollywood -- the city located in sunny Florida, not sunny SoCal -- where DeGraw's home exists. And unlike other stars' properties, the home is listed for six figures, not seven or more.
According to the property listing, and public sales records, DeGraw purchased the home for $510,000 in May 2006. The home is now listed for a loss at $365,000 -- a 71 percent price cut.
DeGraw first gained popularity when his song "I Don't Want To Be" was used as the theme song for TV's drama, "One Tree Hill," and his following album release, "Chariot," was certified platinum.
It was also just announced that DeGraw will be adding dancing to his repertoire this spring with a stint on ABC's "Dancing With the Stars."
Born and raised in South Fallsburg, N.Y., a small hamlet about two hours north of New York City, DeGraw likely used this home -- and a condo he bought in Hollywood in 2007, which is located closer to the beach -- for his snowbird getaways.
DeGraw's Hollywood home was built in 1958 in a classic Spanish bungalow style. The three-bed, two-bath home features 1,700 square feet of living space on a 0.14-acre lot a short distance from the downtown Hollywood and lakefront beaches. The home takes advantage of Florida's light and breezes, with large windows and outdoor entertaining areas.
The tip-off that DeGraw once lived here? One of the rooms is filled with instruments: drum set, keyboard and piano.
The house has been prepared to sell with several updates, including a new roof, fresh paint and new washer and dryer.
The listing is held by Ann McQueen of Elite Coastal Properties.
According to Zillow's house affordability calculator, a monthly payment on Gavin DeGraw's home would be $1,338, assuming a 20 percent down payment on a 30-year-fixed-rate mortgage.
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