Arnold Schwarzenegger got the family home in Brentwood as part of his divorce settlement with Maria Shriver:Arnold Schwarzenegger will get the family home in Brentwood, CA as part of his divorce settlement with Maria Shriver. All of the assets in the marriage are community property, which means Arnold and Maria have a 50/50 interest. But Arnold, Maria and their reps are "in the very beginning stages" of deciding who gets what. There is no prenup. We're told when Arnold and Maria married, they had "very little in the way of assets compared to what they have now." The combined wealth of the former couple is estimated at around $400 million. And Maria is in escrow to buy a home valued at around $10 million. The house is also in Brentwood, approximately 3 miles from the family home. Maria wanted to be close so the kids could easily go back and forth. As for the exact percentage of the spoils Arnold and Maria will ultimately walk away with -- it hasn't even been discussed. "It's very early in the process" says one source with direct knowledge. celebrity MLS real estate news
Mitt Romney’s Home: a $12 Million big house for the Presidential Candidate:As 2012 marches on, and the next Presidential election draws closer, all eyes have been turned towards the various and sundry candidates. In these tough economic times, one of the aspects of all of the candidates’ lives that has garnered particular interest, has been their personal finances and the money surrounding their individual campaigns. Mitt Romney has received a number of raised eyebrows over the few years, as his real estate expenditures have been larger than the GDP of most small countries. After selling two multi-million dollar homes, the man most likely to be the Republican nominee, turned his attention to La Jolla, California. He purchased an oceanfront property for vacationing with his family during the summer. Recently, he has decided to expand his already palatial home to more than triple its original size, much to the consternation of his neighbors. The Romneys purchased the $12,000,000, 3,009 square foot, single storey home in 2009. With airy Spanish styling and a gorgeous view of the nearby ocean, it seemed the perfect place for a family getaway. It also sports high ceilings, a wrap around terrace, and floor-to-ceiling windows in almost every room. The planned renovations will expand the house to two stories and a whopping 11,062 square feet. Their new home will serve as their West Coast residence, as they also own a $10,000,000 property in New Hampshire. With all that property, it sort of makes you wonder why the Romneys are interest in The White House.
Homes sales up, prices down in San Fernando Valley:In yet another encouraging sign for the Valley's housing market, sales increased 13 percent in May from a year ago, one of the best performances since late 2009, a Realtor association said Friday. Last month 567 previously owned houses changed owners, 66 more than in May 2011, said the Van Nuys-based Southland Regional Association of Realtors. Sales increased 11 percent from 512 in April. "I think we're finally starting to see the increase in activity ... we've been hearing about the last couple of months," said Jim Link, the association's CEO. The median price of a Valley home fell 6 percent to $375,000 last month from $399,000 a year ago and in April. Home sales figures released Thursday by the San Fernando Valley Economic Research Center at Cal State Northridge showed a 25 percent jump in sales last month. The center tracks the market from Glendale through Calabasas. The Realtors figures cover Toluca Lake through Calabasas.