OldWestbury

Phipps Mansion Sells After $4 Million Price Cut

Filed under: Estates

One of my favorite estate of the day properties, the Phipps mansion in Old Westbury, New York, has finally sold. This was our estate of the day last year when it was at $11.5 million but the home of the late Cynthia Phipps was originally on the market for $13 million. The final sale price of $9 million was the highest priced residential sale in all of Nassau County since last September according to the listing agent. The new owner, which Newsday says works in commercial real estate, is getting a 20-acre estate that includes a 12,000-square-foot house, built around 1930 and designed by the Manhattan architectural firm of Delano and Aldrich. The 20 wooded acres include a garden, fishpond, waterfall, vegetable garden, tennis court, heated pool, a five-bedroom apartment and a three-bedroom caretaker's house.

The main home has parquet and marble floors, high ceilings, deep moldings, pine paneling in the library, carved wooden fireplace mantelpieces and hand-painted wallpapers also contribute to the interior's splendor. The home includes a breakfast room, greenhouse, a master bedroom with a hall of closets, additional bedrooms with fireplaces and a second-floor staff area.

Gallery: Phipps Mansion

Source

Tags: estate of the day, EstateOfTheDay, new york, NewYork, old westbury, OldWestbury, phipps

The Gottis Save Their Home

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping, Crimes and Misdemeanors

It turns out that Victoria Gotti and her family will be staying in their Old Westbury, New York home a bit longer. Newsday says that the reality TV star, gossip columnist and mob princess is working in a deal with the government that will keep the home from foreclosure. Gotti has said that she needed money owed to her by her ex-husband, Carmine Agnello from their divorce to pay her mortgage. and Agnello has said he needs cash to pay off a $10 million forfeiture judgment related to his racketeering conviction.

Gotti may be cutting a deal with the government that would give her title to a dozen properties that Agnello was looking to sell to raise money. Agnello's mother's name is on the deeds of three parcels that were supposed to be part of the package but lawyers for Gotti and the government said they are working toward a deal on the remaining commercial properties. Once she gets the money Gotti will have to pay off back taxes and other claims and could get enough money together to save her home. There is an outstanding $700,000 loan against the property. Gotti has claimed that Agnello secretly took out the mortgage on the mansion saying that she had given him power of attorney. The home was most recently on the market for $2.9-$3.2 million.

Gallery: Victoria Gotti In New York

Source

Tags: foreclosure, old westbury, OldWestbury, victoria gotti, VictoriaGotti

Victoria Gotti In Foreclosure

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Here's one celebrity foreclosure that doesn't surprise me at all. Victoria Gotti has been trying to sell her home in Old Westbury, New York for years and we''ve watched the price come tumbling down on the dilapidated manse from $4.4 million to $3.2 million. The NY Post reveals that Ms. Gotti, who first put the home up for sale in 2005 after it was used in the filming of her television show "Growing Up Gotti" is being foreclosed on by JP Morgan Chase. She owes $650,000 in mortgage payments. The bank has said that she owed $25,000 on the house each month but didn't make all the payments.

She's been dancing around foreclosure for a couple of years, in 2007 Nassau County Supreme Court Justice Roy Mahon decided foreclosure proceedings were too early but now the Brooklyn Appellate Division has granted the lender's motion for summary judgment on the foreclosure. The NY Post quotes Ms. Gotti's mother, also named Victoria, who lays the blame at the feet of Victoria Gotti's ex-husband Carmine Agnello who she says took out a mortgage behind her back. The listing pics reveal that Ms. Gotti hasn't spent much money on repairs so I'm not sure how much money the bank will get for this home.

UPDATE: Ms. Gotti has vowed to fight foreclosure and keep her home. A bit surprising considering how long she's been trying to unload it.

[Thanks, C.K.!]

Gallery: Victoria Gotti In New York

Gallery: Celebrity Foreclosures

Jeana Keough from the Real Housewives of Orange County

Source

Tags: celebrity foreclosure, CelebrityForeclosure, growing up gotti, GrowingUpGotti, new york, NewYork, old westbury, OldWestbury, victoria gotti, VictoriaGotti

Victoria Gotti in Old Westbury, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

We first heard about Victoria Gotti's home up for sale back in 2005 right around the time of her television show "Growing Up Gotti." Back then she wanted $4.4 million for her grandiose pile in Old Westbury, New York. The six-acre property includes a five-bedroom white brick house, a pool with waterfalls, a tennis court, a guest house, a gazebo with a pond, a stable/paddock, and a playground. The house was built in 1993 and looks like it hasn't been repaired since. Inside the decor is riddled with shabbily gilded columns, dusty-looking swaths of fabric draped everywhere and outsized floral displays. Gotti is now asking $3.5 million for the home.

[via Newsday, Thanks, C.K.]

UPDATE: This home is now listed as accepting offers between $2.9 and $3.2 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Victoria Gotti In New York

Source

Tags: celebrity real estate, CelebrityRealEstate, growing up gotti, GrowingUpGotti, new york, NewYork, old westbury, OldWestbury, victoria gotti, VictoriaGotti

Continue reading “Victoria Gotti in Old Westbury, Estate of the Day”

Phipps Mansion, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Cornelia Guest's Templeton isn't the only grand home in Old Westbury, New York for sale. The Phipps estate was built in 1930 by the famed architectural firm Delano and Aldrich. The Georgian-style estate is on 20 wooded acres that include a garden, fishpond, waterfall, vegetable garden, tennis court, heated pool, a five-bedroom apartment and a three-bedroom caretaker's house.

The main home has parquet and marble floors, high ceilings, deep moldings, pine paneling in the library, carved wooden fireplace mantelpieces and hand-painted wallpapers also contribute to the interior's splendor. The home includes a breakfast room, greenhouse, a master bedroom with a hall of closets, additional bedrooms with fireplaces and a second-floor staff area. It is listed at $11.5 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Phipps Mansion

Source

Tags: estate of the day, EstateOfTheDay, new york, NewYork, old westbury, OldWestbury, phipps estate, PhippsEstate

Continue reading “Phipps Mansion, Estate of the Day ”