Ever since the bottom fell out of the house flipping market in Los Angeles–and make no mistake my chickens, the bottom fell out of the house flipping market–obsessive/compulsive reality tee-vee star and serial renovator/flipper Jeff Lewis has flown largely under the radar.
Yes, Miss Lewis did manage to get a good price for a 4 bedroom and 3 bathroom house on N. Edgemont Drive which was listed at $1,395,000 and sold in early January of 2009 for $1,300,000 to a couple of Asian ladees. However, keep in mind that the extremely tightly wound developer paid a million bucks for the property in June of 2008 and probably spent a couple hundred grand in carrying costs, doing up the interiors and putting in a swimming pool. So, by our crude and meaningless estimations, after he paid the fat real estate fees Miss Lewis would have had barely enough left over to keep Zoila and Jenni paid let alone keep his cat in therapy.
Anyhoo, in May of 2008, Miss Lewis and his overly coiffured ex-beau and current bizness partner Ryan Brown listed a house on Valley Oak Drive with an asking price of $3,195,000. They had a devil of a time getting someone to buy the house and eventually, by late July, the asking price had been chop chop chopped down to $2,595,000. Shortly thereafter the house was marked “Looking for Backup” in the MLS and Your Mama breathed a sigh of relief that those high-larious Flipping Out freaks managed to get out of that property by the skin of their well maintained teeth.
But alas…apparently that deal did not go through because Miss Lewis is back riding the real estate rodeo and just yesterday the property appeared back on the open market with an asking price of $2,695,000.
It is our understanding from someone who will remain nameless that Miss Lewis has been shacking up in the house and will need to find a new place to live when someone finally signs on the dotted line for the 3 bedroom and 3.5 bathroom residence.
As a quick recap…records reveal that in addition to the house on N. Edgemont, Misters Lewis and Brown sold a house on Ben Lomond Place in April of 2008 for $1,250,000 (which was first listed at $1,525,000) and in May of 2008 they sold a house on N. Commonwealth Avenue to Lost actor Dominic Monaghan for $1,595,000 after being listed with an asking price of $1,795,000. Prior to that, back in 2007, records show the dysfunctional duo sold a big house on Nottingham Avenue for $4,350,000.
But what we really want to know, is when will Miss Lewis be back on the boob-toob because we love that queen’s antics almost as much as we love all those tawdry bee-hawtchas on The Real Life Housewives of New York City, Orange County, Atlanta and now those tough talking beasts in New Jersey.