It may seem surreal to own a piece of property that, separately, Tesla titan Elon Musk and the late actor Gene Wilder once called their own. Now, it will be passed on to a new generation – for less.
That’s because this Los Angeles mansion is approaching a foreclosed sale.
Mansion Global reports that this 1951 white shingle home located in affluent Bel Air has just seen its asking price drop from $12.95 million to a much lower $9.5 million. The discount comes after the mansion’s current owners, one of whom is a member of Wilder’s family, fell behind on payments; if it doesn’t find a buyer soon, it will go on the auction block next month.
Beginning in August, reports surfaced that Musk was moving to foreclose on the residence. In 2020, the tech mogul was its owner. At the time he agreed to sell it to director Jordan Walker-Pearlman — Wilder’s nephew — and his wife, Elizabeth Hunter, for $7 million. He even took out a $6.7 million loan to seal the deal.
Since then, the couple has fallen behind on their loan repayments. Over the summer, an entity associated with Musk issued a notice of default on the property, which means the beginning of a foreclosure. If it fails to find a buyer, it will go up for public auction in December. 3.
In much earlier times, Wilder — who passed away in 2016 from Alzheimer’s at the age of 83 — bought the spread for about $300,000 in 1976. Under his ownership for decades, he sold it in 2007 for about $2.7 million, the paper notes.
In 2013, Musk bought it for a significantly higher $6.75 million. In 2020, he announced on Twitter – now the X platform he owns – that he would not “own a house” and sell “almost all physical assets”. At that time, he also made sure that this apartment was not destroyed.
It still retains its historic charm, and the current listing also stipulates that the house cannot be razed.
Touches include beamed ceilings, a circular bar area, fireplaces and four bedrooms. Outside, there are seating areas and a kidney-shaped pool.
The listing agent is Drew Meyers of Westside Estate Agency.
#Elon #Musk #Gene #Wilders #home #million #price #cut #faces #foreclosure #sale
Image Source : nypost.com