Not only did Nick Cannon and Mariah Carey celebrate their first wedding anniversary with a series of parties and dinners, the power couple reportedly snatched up a new home in the Los Angeles area too. Local reports obtained by RealEstalker confirm the duos purchase of former Charlie’s Angels star Farrah Fawcett’s Bel Air mansion last month. Sources say the home, with five bedrooms and eight bathrooms, cost the couple $7 million, down from the original $9.5 million asking price. The duos new home follows Nick Cannon’s deal with Nickelodeon where he will take on the role of TEENick Chairman. Speaking candidly about the position Canon says “I started my career here at Nickelodeon and am so excited to be back, serving as an integral part of TEENick as the in-house voice and representative for teens everywhere. TEENick is their network and I am here to make sure this is an ultimate destination for and about them”. Carey and Canon tied the knot in a private ceremony last April.