Actress Denise Richards has sold one of the two houses that she owns in Hidden Hills, Calif. for $3,800,000.
In a Big Time Listings exclusive, we can report on Richards' sale of her 5,188-square-foot house on a 1.108-acre parcel at 23703 Long Valley Road in Hidden Hills. The sale, which was to a couple who are not celebrities, closed on October 23 and was recorded last Wednesday.
Richards took a significant loss on the sale. Her Lucy Trust had purchased the five-bedroom house in May 2006 for exactly $4,000,000. Transaction fees undoubtedly pushed the amount of Richards' losses much higher than the $200,000 differential between her purchase price and her sale price.
Richards' complete history with the house is bizarre. This past spring, she had placed it up on the market for $4,495,000 after owning it for less than a year. She eventually reduced the price to $3,799,950 before selling it.
The actress clearly isn't going far. As we noted on September 22 and then elaborated on further on October 23, her Strudel Trust on June 29 paid the $4,395,000 listing price for a house just across the street, at 23726 Long Valley Road.