Kayne and 50 Cent – From Record Battles to Turf Wars

By
Services for Real Estate Pros with Zillow

These two have battled in out on the charts and Kayne West was the clear winner selling 957,000 CDs to 50 Cent's 691,000.  But now that the dust has settled around the music sales feud, let's take it to the streets and find out who is winning the turf war.

 First up, Kanye West's 6 bedroom, 4 bath, 3,299 square foot home in the flats of Beverly Hills, CA.  The top selling rapper reportedly paid $7,150,000 for the home which had not been on the market for almost 45 years!  Good thing the seller used a listing Agent to price the home and didn't go straight off the Zestimate because since there hasn't been any sales activity on the home for so long, we were pretty far off.  However, Kanye was well represented on the buy side of his deal as well with the home originally coming on the market at $8,499,000, then reduced to $7,499,000 with Kanye ultimately getting another $349,000 off to arrive at his sales price.  

Then over to the other coast where 50 hangs his second place ribbons, in Farmington, NJ.  50 bought the home  in September 2003 for $4,100,000 from Monica Turner Tyson (she acquire the home as part of the divorce proceedings from Mike Tyson).  The home has 52 rooms making up 51,657 square feet of living space.  So if we are looking at square footage alone, 50 definitely comes out on top of this turf war.  Unfortunately, this home isn't on Zillow, but I am not sure we could accurately value it because we haven't yet added stripper poles yet into our valuation algorithm that 50 had installed throughout the home.  

50 had said that if Kanye beat him in record sales, he would retire from the rap scene.  Oh no, how will he ever pay his bills you might be asking!?!  Well, apparently he hopes to supplement his retirement income through the sale of his home which is currently listed for $18,500,000!  Either the real estate slowdown isn't affecting
Farmington, NJ or those were some expensive stripper poles he had installed!  

So while Kayne is enjoying life at the top of the charts, I wouldn't feel too bad for 50 Cent who seems to be winning the turf war in both size and home appreciation.  

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Rainer
38,731
Roy Kotz
NPDodge - Papillion, NE
Wow, apparently those poles are solid gold, or 50 thinks that his name being associated with the property increases it's value.? 
Sep 25, 2007 04:24 AM #1
Rainer
36,680
Chris Hendricks
Walnut Creek, CA
So there I was, wondering what this all had to do with Zillow when BAM, out of the blue it hit me....  Too funny!
Sep 25, 2007 05:59 AM #2
Ambassador
686,433
Bob Stewart
ActiveRain - Seattle, WA
ActiveRain Ambassador
Anyone that lives in the same house Mike Tyson used to own is downright crazy. I'm shocked that Iron Mike didn't have the stripper poles before 50 bought it...............
Sep 25, 2007 06:14 AM #3
Rainer
39,166
LaShon James-Major
The Document Diva - Long Beach, CA
Long Beach Mobile Notary - 562.314.4319

I like this post. I gave you a 5! Good work. :)

 

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Sep 25, 2007 07:33 AM #4
Rainmaker
182,040
Sara Bonert
Zillow - Atlanta, GA
Real Estate Internet Marketing

Roy- I don't think ego is anything that either rapper runs short on.  I am sure Kayne's house has already gone up 10 million just because he bought it.

Chris-  Was more going for the entertainment factor, but did manage to squeeze in a Zillow mention, since I work there. :)

Bob- Good point, why didn't Mike think about having the poles installed...espicially when they obviously make the home price skyrocket like they do....

LaShon- I just found out about that rating system, thanks for bringing it up. 

Sep 25, 2007 07:38 AM #5
Rainer
33,016
Tracy Nicole Hamilton
Elk Grove, CA
Realtor - Elk Grove CA, Sacramento, CA
This is a very creative post.  I would have never thought of this feud in light real estate...or as you say "turf war". LOL.  Very good indeed.
Sep 25, 2007 07:45 AM #6
Rainer
29,035
Carl Martens
Geneva, IL

HA...us Chicago boys know it's all about quality, not quantity. 

Good point you made about the home not being on the market and how that throws off a Zestimate...isn't there an algorithm or formula that could be created though...I think the Zestimate is a good idea...I think whoever your programmers are aren't doing a good job of pulling data and creating algorithms...you should be able to pull comps in the area and still come up with a more accurate price...these celebrity homes maybe not, but within a subdivision the Zestimates should be able to be more accurate.  We do it all the time using formulas and CountryWide uses an appraisal process in which they don't have to do an appraisal in certain cases due to the formulas they use.

Oct 24, 2007 01:51 AM #7
Rainmaker
182,040
Sara Bonert
Zillow - Atlanta, GA
Real Estate Internet Marketing
Thanks Carl-  There are a lot factors in the algorithms and past transactions are one of them.  The algorithm is something that as a company, we are constantly trying to improve.  It is a big task!  However, celebrity homes are just too hard to pump into an equation.  They are so over the top.  Even a professional realtor can have a hard time with them because often there aren't any comp.  Take 50's home for example.  No matter what improvements he did, I find it hard to believe the value of his home has risen $14,000,000 in less than 5 years! 
Oct 24, 2007 03:11 AM #8
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