March 16, 2011

Real Housewife of OC Short Sells Mansion

Alexis Bellino, pictured with her husband, have short sold their Newport Beach mansion for $3 million.  That is almost $400,000 less than their asking price ($3,995,000).  The house was listed for about four months before this sprawling 6-bedroom was finally sold.

Though the Bellinos insist they were not facing financial problems, this sale did halt foreclosure proceedings on the property.  In an statement issued by their laywer, Michael York, he says:

"The issues between them and (JPMorgan) Chase are due to good business decisions that Mr. and Mrs. Bellino have made, not financial problems," said the statement from Michael York after the foreclosure was canceled. "The property was never going to be foreclosed against.  Mr. and Mrs. Bellino have been negotiating with Chase for months, an agreement with Chase has been reached, and the issues between them and Chase have been resolved."

The listing was sold by Realtor John Stanaland of Hom Real Estate Group, while David McCulloch of Coldwell Banker Previews International represented the buyer.  The mansion sits on a 9,135-square foot double lot, and was touted as having "every high-end amenity imaginable."  Additional features include: "High ceilings, gorgeous crown molding, pristine wood floors, and a grand staircase… a state-of-art kitchen, wine cellar, home theater, & large recreational area with pool table & bar …". And that's not to mention the wrap-around balcony, rooftop view deck, a gym and a 6-car garage.

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