Actor Chris Pine buys $3 million Hollywood Hills compound from actor Jason Lee

 

Zillow listing of this property

 Celebrities often purchase properties from other celebrities.  Why is that?  I think that it has something to do with a property being given the green light as celebrity-safe; that is, private.  Chris Pine paid $3,104,000 on November 4, 2010, yet Jason Lee paid $3,350,000 on November 21, 2007, thus selling the property at over a $200,000 loss, not including real estate fees.  I guess that this has something to do with the real estate downturn which has affected high end properties as well.  More striking is that the property previously sold for $2,200,000 on April 13, 2000.  More astonishing still is that it sold for only $800,000 on April 29, 1997.  Clear evidence of a real estate bubble.

There is a wonderful virtual tour website that is still functioning:

Hill Oak Compound

What a step up this is for Chris, having previously lived in a very modest Silver Lake rental.

This report has been provided courtesy of Celebrity Address Aerial