Tamar Braxton and her husband Vince Herbert have sold their California mansion just one year after buying it. The couple had ambitious dreams for the property, but due to financial hardships they were forced to unload the estate quickly. Fans of Tamar’s show, “Braxton Family Values,” may be surprised by this recent turn of events – what could possibly have happened in such a short time? Read on to find out why the pair decided to sell their dream home so soon after purchasing it.
The Mansion:
This particular piece of real estate was no ordinary house. Located in Encino Hills, California, the 8-bedroom Mediterranean style villa boasted 12 bathrooms as well as an outdoor swimming pool with stunning views overlooking Los Angeles. With 6 fireplaces and multiple terraces, it appears that every inch of the 11,000 square foot residence was fit for royalty – or at least a celebrity family like Tamar and Vince’s!
The Couple’s Plans:
When the two celebrities purchased the property back in 2017 they had big plans for its future. They hoped to remodel and renovate both inside and outside of the residence, transforming it into a modern masterpiece perfect for entertaining friends. Unfortunately these grand designs never came to fruition; instead of enjoying luxury living arrangements in their new home, Tamar and Vince found themselves struggling with mounting debt and seeking other options for housing altogether.
Overview Of Property
When it comes to real estate, Tamar Braxton and her husband Vince Herbert have been on a roller coaster ride. The couple purchased a California mansion in early 2018 but just one year later they unloaded the property. Here’s an overview of the luxurious home that ultimately wasn’t meant to be theirs.
The Mediterranean-style residence was located in Pasadena, not far from downtown Los Angeles. It boasted 4 bedrooms and 5 bathrooms spread across over 6,600 square feet of living space. Features included two fireplaces, an indoor pool with spa, and even a sauna. Outside there were terraces perfect for entertaining guests as well as lush gardens surrounding the property.
Though the exact sale price remains unknown, it is believed that Tamar and Vince lost money when selling their former abode due to its high purchase cost last year. They had initially paid close to $4 million for the house before putting it back on market less than 12 months later at nearly half that amount. Despite this setback, we can only assume the pair will soon take up residence elsewhere—hopefully somewhere more permanent this time around!
Details Of Sale
The details of the sale are still somewhat hazy, but what is known is that Tamar and Vince were able to find a buyer for their property. It’s believed they sold the house for roughly $2 million—a considerable loss from when they purchased it only one year earlier. The couple had hoped to make some money back on their investment but sadly this was not the case.
With their former home now in someone else’s hands, Tamar and Vince can look forward to finding a new place to settle down. They might take some time off before doing so however; after all, it wasn’t long ago that they were dealing with other real estate-related issues such as foreclosure. Regardless of these challenges though, we’re confident the pair will be able to come out on top eventually!
Though much speculation has been made about why exactly Tamar and Vince chose to sell their mansion, one thing is certain: they have no shortage of options going forward. From purchasing another lavish residence or starting fresh elsewhere altogether, there are plenty of paths available for them at this point in time. Wherever they decide to go from here, we wish them nothing but success!
Conclusion
I. Summary
In one year, Tamar Braxton and Vince Herbert have sold their California mansion they purchased in 2018. The house was listed at $6 million and has been on the market since June 2019. It’s unclear how much money they made off of the sale, but it seems that the couple made a successful investment.
II. Takeaways
It’s an impressive feat to purchase and sell a home within such a short amount of time for profit. This reflects well on both Tamar and Vince’s real estate knowledge as well as their financial savvyness. Additionally, this demonstrates that investments can sometimes pay off quickly if done correctly.
III. Moving Forward
Tamar and Vince are now free from the burden of owning a large property like this one–they can move onto other projects or investments with greater ease now that their finances aren’t tied up in this particular venture. Overall, we wish them all the best moving forward!
