advertisement
Forums

The Forum is sponsored by 
 

AAPL stock: Click Here
You are currently viewing the Tips and Deals forum
Newer Topic Older Topic
don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: NewtonMP2100
Date: September 11, 2023 03:51PM
….paid $3.5 million…….asked for $5.5 million…..sold for $3.2 million……


HGTV Sells Iconic Brady Bunch House at Huge Loss

.....Wanna bet someone’s gonna try to pin this on Jan?

TVLine has confirmed that the iconic and massively renovated Brady Bunch house — which HGTV put on the market last May — ended up selling for $3.2 million. Not only is that $2.3 million less than the $5.5 million listing price, but it’s $300K shy of the $3.5 million HGTV paid for it in 2018.

HGTV poured a staggering $1.9 million into the North Hollywood, Calif., property in an effort to recreate some of the series’ iconic interiors, including the floating staircase, the burnt orange-and-avocado green kitchen and the kids’ Jack-and-Jill bathroom. (Remember, the 1970s-style home was used only for the exteriors of the classic sitcom.)

The extensive renovations were depicted in HGTV’s 2019 series A Very Brady Renovation, which saw hosts Drew and Jonathan Scott working alongside surviving original Brady Bunch cast members to add all the nostalgic bells and whistles.

As to why HGTV ended up taking such a loss on the pop culture time capsule, Compass’ Danny Brown, the listing agent on the property, “This is a one of kind property which was impossible to comp. This is not a home anyone would ever live in, and savvy investors understand that Airbnb rental laws are nuanced and restrictive. We felt the property was worth about $3-$3.5 million and that’s exactly where it landed; there are no intellectual property rights that are included in the sale. HGTV spent about $5.5 million purchasing and gutting the house which is why we listed it at $5.5 million, even though we knew it was an aspirational list price.”......



…….bunch…….a…..muncha…….?!


_____________________________________

I reject your reality and substitute my own!



Edited 1 time(s). Last edit at 09/11/2023 04:34PM by NewtonMP2100.
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: pRICE cUBE
Date: September 11, 2023 05:07PM
Let's see, multi millionaires or wealthier that loved an old show willing to buy a specific house with specific decor in a neighborhood they might not want to live in. Seems like a tiny fraction of a fraction of the populace.


Ways to improve web conference image and sound quality. [forums.macresource.com]


Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: chopper
Date: September 11, 2023 05:37PM
And how much advertising dollars did they get with those shows?
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: N-OS X-tasy!
Date: September 11, 2023 06:10PM
Is 10% considered a huge loss? I wouldn't think so, especially in SoCal.


It is what it is.
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: jdc
Date: September 11, 2023 06:22PM
Quote
N-OS X-tasy!
Is 10% considered a huge loss? I wouldn't think so, especially in SoCal.

Yeah, $300K on $3.3M seems small -- even moreso with today's market.




Edited 999 time(s). Last edit at 12:08PM by jdc.
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: Gareth
Date: September 11, 2023 06:30PM
At least they avoided the "mansion" tax!

I wonder if the buyers will even keep the "renovations". It could be a "teardown" for them and rebuild from scratch. Of course, I wouldn't put it past the city now to prevent that and declare it a "historic property" (they just did that with Marilyn Monroe's former house, which was scheduled for demolition by the current owner).
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: rgG
Date: September 11, 2023 06:57PM
Quote
jdc
Quote
N-OS X-tasy!
Is 10% considered a huge loss? I wouldn't think so, especially in SoCal.

Yeah, $300K on $3.3M seems small -- even moreso with today's market.

They also lost the 1.9M they spent on the renovation.




Roswell, GA (Atlanta suburb)
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: Tiangou
Date: September 11, 2023 08:10PM
Quote
rgG
Quote
jdc
Quote
N-OS X-tasy!
Is 10% considered a huge loss? I wouldn't think so, especially in SoCal.

Yeah, $300K on $3.3M seems small -- even moreso with today's market.

They also lost the 1.9M they spent on the renovation.

You think they didn't make their money back across multiple TV shows?


Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: Acer
Date: September 11, 2023 08:20PM
<tiny violin>
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: rgG
Date: September 11, 2023 08:26PM
Quote
Tiangou
Quote
rgG
Quote
jdc
Quote
N-OS X-tasy!
Is 10% considered a huge loss? I wouldn't think so, especially in SoCal.

Yeah, $300K on $3.3M seems small -- even moreso with today's market.

They also lost the 1.9M they spent on the renovation.

You think they didn't make their money back across multiple TV shows?

Sure, but looked at strictly as a real estate deal, they did not do well, not that they ever really expected to get that price, if they were honest.




Roswell, GA (Atlanta suburb)
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: Gareth
Date: September 12, 2023 11:13AM
HGTV Sells ‘Brady Bunch’ House to Superfan Who Called it the ‘Worst Investment Ever’

"No one is going in there to make pork chops and applesauce in that kitchen," Tina Trahan said of her new 'Brady Bunch' home

[people.com]

Local news reporting that she'll use it for (daytime) charity and fundraising events.
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: N-OS X-tasy!
Date: September 12, 2023 11:19AM
Quote
Gareth
HGTV Sells ‘Brady Bunch’ House to Superfan Who Called it the ‘Worst Investment Ever’

"No one is going in there to make pork chops and applesauce in that kitchen," Tina Trahan said of her new 'Brady Bunch' home

Well, of course they won't -- Alice simply wouldn't stand for strangers in her kitchen!


It is what it is.
Options:  Reply • Quote
Re: don’t get your p*nties in a Bunch?!….HGTV sells renovated ‘Brady Bunch’ house at a huge loss…..
Posted by: rz
Date: September 12, 2023 12:52PM
I watched the shows when they did the renovations. It was a fun nostalgia thing. Maureen McCormick (Marcia) aged really well, while Susan Olsen (Cindy) did not.
Options:  Reply • Quote
Newer Topic Older Topic
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Wags
Guests: 606
Record Number of Users: 186 on February 20, 2020
Record Number of Guests: 5122 on October 03, 2020