John Krasinski..."The Office" ...Short Selling West Hollywood "Bungalow" Short?

 

One of my favorite characters on todays sitcom line up is “Jim Halpert” from “The Office”; Brilliantly played by John Krasinski.

Seems Mr. Krasinski is selling his home “short” of what he paid back in 2006 @ $1,050,010.  The current market price is $945,000.  Zillows value places it at $785,500…Big Difference?

Mr. Krasinski took out 2 loans in 2006 for a total of $935,000 according to Los Angeles county Tax Records.

 

See more pictures HERE

Source: IMDb

Best known as the under-motivated, sarcastic prankster, Jim Halpert, on the work-life mockumentary series “The Office,” actor John Krasinski has edged his way onto Hollywood’s big screen over the past few years. Krasinski has taken on roles in “Leatherheads” opposite George Clooney, “License to Wed” with Robin Williams, and “It’s Complicated” with Meryl Streep and Alec Baldwin. Could Krasinski be ready to trade in his TV sitcom sneakers to start filling the shoes of a feature film star? Who knows!  What we do know is that he’s definitely ready to trade in his 2-bedroom, 2-bathroom home in West Hollywood for something better suited for his life as a newly married man.

Krasinski married fellow starlet, Emily Blunt (“The Devil Wears Prada,” and “The Adjustment Bureau”) in 2010, making  his Country English-style home, commonly referred to as his bachelor pad, clearly unnecessary. Not to mention both Blunt and Krasinski’s careers have sky-rocketed since the 1,279-sq ft home was purchased in 2006. While the 31-year-old’s career (and salary) may be on the up-and-up, the West Hollywood real estate market is not. According to Zillow Real Estate Market Reports, West Hollywood home values are down 8.6 percent year-over-year. It looks like Krasinski is taking a hit from falling home values, listing his home at a 10 percent discount from his $1,050,010 purchase price five years ago. As it turns out, selling for a loss is an unfortunate trend in the Los Angeles suburbs. Zillow’s January data shows 43.3 percent ofWest Hollywood homes sold for a loss. In comparison, 18.5 percent of Beverly Hills real estate and 25.7 percent of Hollywood Hills real estatesold for a loss in January 2011.

Currently listed for $945,000, Krasinski’s West Hollywood home is set behind tall privacy hedges with a gated driveway entrance, and just seconds from the Sunset Strip and Beverly Hills. Highlights of the property include French doors, hardwood floors, an updated kitchen, updated bathrooms, vaulted ceilings, a den,  grassy yard with intricate landscaping, outdoor patio, and a detached guest studio.