» » Jay-Z and Beyoncé bought a mansion in Bel-Air with a $ 52.8 million mortgage

Jay-Z and Beyoncé bought a mansion in Bel-Air with a $ 52.8 million mortgage

pagoskawaii 15 de August del 2017 celebrities
Jay-Z and Beyoncé may be worth more than a billion dollars between them, but the couple eventually used conventional financing to buy their first home in Los Angeles.

Hip-hop rapper and tycoon and his wife, another song superstar, paid $ 88 million for broader contemporary ownership through blind trusts, public records show. It was also revealed that the couple contracted $ 52.8 million in mortgage debt.

Jay-Z and Beyoncé bought a mansion in Bel-Air with a $ 52.8 million mortgage

If this amount is placed in a mortgage loan calculator (like that of the Google search engine) it is estimated that for 30 years they will make payments of $ 252,075, with an interest rate of 4%.

To put it in perspective, that monthly value represents approximately 40% of July’s average sale price – $ 610,000 – for single-family homes in LA County, according to CoreLogic. It’s also about $ 50,000 more than the average value of a home in the US, at $ 200,400, according to Zillow.

For Jay-Z and Beyonce, this is a modern monolith-style mansion with approximately 30,000 square feet of living space, four outdoor pools and a wellness center.

Their new home

The new Jay-Z and Beyoncé home in Bel-Air has 30,000 square feet of living space, four pools and a wellness center. ((Splash News))

Developed by Dean McKillen, son of Irish billionaire and real estate investor Paddy McKillen, the residence is situated on two acres, behind a gate, and comprises six structures. Amenities include a spa and wellness center, a press room and separate staff quarters. There is also a full size basketball court.

McKillen bought the property through a corporate entity four years ago, for $ 15 million, records show. The extension of the property was completed this year.

The out-of-market transaction is now the highest selling bid for 2017 in LA County, and improved the $ 85 million deal for David Geffen’s Malibu facility last May.

Historically, it is the fifth-largest single-family home in LA, after two $ 100 million deals, last year, Owlwood’s $ 90 million sale, and Fleur de Lys’s three-year sale for $ 88.3 millions.

Jay-Z, whose legal name is Shawn Carter, is considered among the best hip-hop performers and is a winner of about two dozen Grammys. “Reasonable Doubt”, “The Blueprint” and “The Black Album” are among his many successful albums.

Beyoncé Knowles-Carter, a 22-Grammy winner, became a member of the Destiny’s Child group before launching her solo career to become one of the top-selling artists in the world. His last album, “Lemonade”, sold more than 2.5 million copies internationally.

Both have a combined net worth of $ 1.16 billion, according to Forbes.

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