Nick and Vanessa Lachey’s L.A. home sale gives high return

Encinco home brings in $1.14 million profit for the celeb couple
  • The duo listed their Encino mansion for $3.995 million in late April and sold on June 1 at full asking price.
  • The six bedroom, 7.5 bathroom estate offers a home theatre, basketball court, pool and patio.
  • The singer and TV host purchased their 8,314 square foot home for $2.85 million in 2011.

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It’s been a little over a month since Nick and Vanessa Lachey (formerly Vanessa Minnillo) listed their Encino mansion for $3.995 million, but the celebrity duo’s home swiftly sold on June 1 at full asking price, according to Redfin. The singer and TV host purchased their 8,314 square foot abode for $2.85 million in 2011, receiving a cool $1.14 million return on a near-$4 million sale for the Los Angeles home after five years of ownership.

L.A.-area real estate agents Mauricio Umansky and Farrah Aldjufrie with The Agency handled the listing.

Privacy is key for Lachey and Minnillo, so it’s no surprise the property is tucked away on a cul-de-sac and virtually hidden with greenery and gates. Nonetheless, with a formal living and dining room and butler’s pantry, the home is ideal for entertaining large parties.

The Agency declined to provide pictures of the home, but here’s a virtual tour from 2010, right before the couple purchased the home.

Located at 17647 Belinda St., the estate offers six bedrooms, 7.5 bathrooms, a home theatre with stadium seating, basketball court and a sleek pool area.

A separate wing holds the massive master suite, equipped with a private sitting area, duo closets and a large master bath. The property also houses a full guest suite. To top it off, multiple balconies provide additional outdoor lounge space for SoCal’s warm summer evenings.

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Built in 1981 on a 21,374 square foot lot, the home holds an estimated home value of $3,886,884 from Redfin — $108,116 less than what it was sold for.

The home is located in the South Valley, where 572 real estate sales in the last 90 days had a median list price of $678,900, according to Redfin; sellers in the area received and average 99 percent of asking price and six-and-a-half offers.

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