Own a priceless piece of history (at its 1987 price)

From the Star Ledger:

Whitney Houston unloading Mendham estate

Whitney Houston has put the 5-acre Mendham estate where she married singer Bobby Brown on the market for $2.5 million, far less than its assessed value of $5.6 million.

The 12,561-square-foot home, which she bought in 1987 for $2.7 million, is described in its listing as modern, full of natural light, with three fireplaces, walk-in closets, a bar (uh-oh), floor-to-ceiling windows, and a four-car garage. The (quite frankly rather dated-looking, and we’re not the only ones who think so) home has Frank Lloyd Wright-style stained glass in the entry, an enormous kitchen, and what appears to be a custom-made bed in the center of the master bedroom.

From the Examiner:

Whitney Houston’s ‘crack is whack’ New Jersey mansion for sale

Whitney Houston’s “Crack is Whack” house is on the market. The Grammy winner is asking $2.5 million for the Mendham Township, NJ house. While she commuted back and forth between this mansion and the house in Georgia, the reality show Being Bobby Brown was filmed for Bravo.

During this time, while Whitney Houston’s handlers were denying she was doing crack, she told Diane Sawyer…

This is the home where she married Bobby Brown in 1992. Whitney Houston has the mansion listed for $2.5 million. That’s less than half its $5.6 million assessed value.

From WPIX:

Whitney Houston Places NJ Mansion For Sale

Whitney Houston has put her multi-million dollar New Jersey home where she married Bobby Brown on the market for $2.5 mlllion.

The couple got hitched at the $5.6 million dollar home in Mendham in 1992 and then separated in 2007.

The real estate website describes the residence as a modern-styled home full of natural light and containing “circular-themed interior spaces,” as well as four-car garage, three fireplaces, walk-in closets, a bar, skylights and floor-to-ceiling windows.

Houston nearly lost the home in 2006 after Mendham tax officials claim the 46-year-old singer and former reality star failed to pay taxes for four straight quarters and ignored delinquent notices.

From the Philly Inquirer:

Whitney Houston’s NJ mansion for sale

Whitney Houston’s New Jersey estate, where she married Bobby Brown in 1992, is for sale.

The five-bedroom, 12,561-square-foot house in Mendham Township is listed for $2.5 million. That’s less than half its $5.6 million assessed value.

The Coldwell Banker Web site estimates a buyer would have monthly mortgage payments of $10,819 based on a down payment of $500,000 and a 5 percent interest rate on a 30-year, $2 million mortgage.

This entry was posted in Humor, New Jersey Real Estate. Bookmark the permalink.

24 Responses to Own a priceless piece of history (at its 1987 price)

  1. safeashouses says:


  2. safeashouses says:

    Is the 3 million below assessed a ploy to start a bidding war, does she need the cash quick, or is there 3 million of damage to the place? (how much does it cost to detox a house that size?)

  3. safeashouses says:

    That house looks like a cross between a pillbox and the monmouth county library Eastern/Shrewsbury branch.

  4. safeashouses says:

    The articles don’t mention granite. or stainless. I’ve got no bid without those. I want those in my house, cause that’s what agents on tv tell me i want. And so do the voices in my head.

  5. ruggles says:

    Problem is Houston’s house is in a stupid development. Even Mike Tyson knew enough to buy on Bernardsville Mountain.

  6. A.West says:

    What a coincidence. I was getting a home inspected last week and my inspector and pool guy had just done this house. Said it was a mess, with holes in the walls, where someone put a fist through it – in the music studio where they fought. Indoor pool was messed up because heat was left off.

  7. exNJjoe says:

    NJ is DONE.

    GET OUT!!!!

    IT is going DOWN.

    IT is NOT coming back.

    IT was a glorious place. IT peaked in 1988-89 and has been down down down down hill since.

    Once of bastion of freedom, revolution and industry is now a leading communist state.

  8. DL says:

    MEDFORD LAKES — A small borough in Burlington County could be in for some big changes.

    Medford Lakes officials are planning next year’s budget, under which the mayor said personnel, service and equipment cuts are possible in each department.

    The borough is also concluding its first property assessment in some 15 years, which officials said will cause unprecedented tax hikes for hundreds of borough property owners.

    Mayor Paul Weiss said if difficult budget cuts aren’t made, Medford Lakes will be closer to taxing itself out of existence.


  9. leftwing says:

    In what universe was that house ever worth anything near $5m?

    I lived nearby in Mendham in the late 80s and remember scratching my head back then at the purchase price. It’s smack in the middle of Oak Knoll, surrounded by homes priced at $750k or so (back then, and probably now too).

    Thoroughly unextraordinary development right on the Chester border. Nothing wrong with it, just nothing there to justify that kind of price.

    I guess they think that plastic bubble skylight and red charcoal grill outside provide the upscale aura required for a premium in today’s market.

  10. Fiddy Cents on the Dollar says:

    Medford Lakes is a small boro surrounded by the larger Medford Twp. The population is 4,161 within 1.2 sauare miles. There are only 1500 housing units in this hamlet.

    If ever there was a town which needed to be consolidated into a larger community….this is it. Wait til those 1500 citizens get their new tax bills.

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