J
ennifer Lopez and Ben Affleck's $60 million Beverly Hills estate has been taken off the market after a price reduction, leaving them with significant financial losses. The 38,000-square-foot mansion boasts 12 bedrooms, 24 bathrooms, and luxurious amenities like a boxing ring and movie theater.
According to entertainment insider Rob Shuter, Lopez is reportedly blaming Affleck for the real estate nightmare, claiming she never wanted the house in the first place. However, InTouch Weekly sources made contradictory allegations, stating that Lopez overruled Affleck's $20 million price estimate, leading to their financial woes.
The couple took out a $20 million mortgage with JPMorgan Chase Bank, which is interest-only until November 2033. Real estate agent Jason Oppenheimer estimates that when they do put the mansion back on the market, it will be subject to a hefty mansion tax of over $3 million, resulting in an additional loss of up to $5 million.
Lopez currently resides in the home while her Hidden Hills estate is being renovated, and Affleck lives in his Pacific Palisades residence. The financial burden of the mega-mansion serves as a reminder of their short-lived marriage.
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