Reese Witherspoon takes $817K loss on Calif. ranch

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Actress Reese Witherspoon has sold her 7-acre Ojai, Calif., ranch for $4.98 million, a chunk less than the $5.8 million she paid for it in March 2008 on the tail end of the housing bubble peak. After listing the Spanish-style, seven-bedroom, nine-bathroom estate for $10 million in September 2012 and getting no bites, she chopped the price to $7.25 million in March this year and still had no luck.

Source: Curbed