It’s got to go!
Erika Jayne and Tom Girardi need to offload their Pasadena mansion amid their growing legal issues. The former Real Housewives of Beverly Hills couple was pressured to slash the asking price on their former home.
The home was initially listed in May for $13M. Over the last several months, the sale price has been lowered three times, with it now listed at $8.9M.
That is 32% lower than the initial asking price on the home that the couple shared for nearly 22 years.
According to the New York Post, this new sale price may still be too steep for the area. Realtor.com reports that similar homes in Pasadena are only selling for $656 per square foot. Tom and Erika’s home is currently priced at $866 per square foot.
The Pasadena mansion was put on the market amid Erika and Tom’s ongoing divorce and legal proceedings. The funds from the sale will go to pay Tom’s creditors and victims amid his bankruptcy case.
The property is currently listed for $4 million less than the original asking price.
The home sits on a 1.72-acre lot and was built in 1928 by notable architect Myron Hunt. Tom initially purchased the home for $1.3 million in 1980, 20 years before he married Erika.
The Bravo star’s former home features four bedrooms, nine bathrooms, and five fireplaces. On top of that, the home offers a library, a pool, a small chapel, and a walk-in vanity room with balcony access.
Erika moved out of the home in November 2020 and downsized to a $2.4 million three-bedroom residence in Los Angeles. On the same day Erika left her marital home, she also filed for divorce from Tom.
A month later, the couple was hit with a class-action lawsuit, alleging they embezzled settlement funds from the 2018 Lion Air plane crash victims. The lawyers involved in the case also insisted that Erika and Tom’s divorce was a sham and that they were only splitting to hide their assets. Erika has denied the claims.
As for Tom, he is believed to be living in an assisted living facility. In July, he was spotted visiting Belmont Village Senior Living. Earlier this year, a judge ruled that Tom could remain living in his Pasadena home until it was sold; however, it’s unclear if he is still residing there or not.