When it comes to investing in real estate, celebrity homes, even when they were children will fetch a higher price. It takes a considerable amount of mortgage loans to buy them, and the latest addition to the celebrity real estate market is Taylor Swift’s childhood home. You might also choose to rent it out, but the home in Wyomissing, Pennsylvania sold for $700,000 according to Realtor.com. It is an impressive three-storied house with a grand-master bathroom, as well as a study where Taylor Swift practiced her guitar. This piece of commercial real estate has raised the rent amounts in the areas, and people who are looking to buy houses in the neighborhood have to apply for higher mortgage loans.
Investing in Real Estate
After Taylor Swift gained international stardom, her net worth has grown to a staggering nine figures. Her estimated earnings of 2017 exceeded $200 million, and she leads the celebrity pack when it comes to investing in homes and real estate. She has homes everywhere but prefers living in her 2-story penthouse in Nashville, Tennessee, which she acquired for $2 million in 2009. This piece of commercial real estate packs three suite bedrooms, 4.5 bathrooms, and one of a kind décor.
Los Angeles and New York
Taylor Swift will not be taking out mortgage loans anytime soon or rent an apartment or mansion whenever she is in LA or New York. She has homes in LA and New York, and the amounts she has spent are staggering.
Two Real Estate Investments in Los Angeles
Taylor bought a Cape Cod-style mansion for $4 million in Beverly Hills, two years after buying the Nashville home to add to her real estate portfolio. The four bedrooms and four-bath 2,826 square feet home sits on a 1.37-acre lot with a guesthouse and a full-size tennis court.
Taylor Swift also bought the Samuel Goldwyn Estate in 2015 for a whopping $25 million in Beverly Hills. The 10,982 square-feet estate boasts six bedrooms, seven full baths, tennis court, a pool, guesthouse, and jaw-dropping gardens.
NYC Real Estate Marvels
In the Big Apple, Taylor Swift has rented a wondrous piece of commercial real estate for a reported $40,000 a month as she awaits completion of the renovation of her penthouse suite in Tribeca. The penthouse oozes real estate opulence, which included two living rooms, five bedrooms, a basement, a private garage, and an indoor pool with a chandelier. It is a commercial real estate wonder at a staggering 5,400 square feet of opulence.
Her Tribeca home in one of the plushest Manhattan neighborhoods cost her $20 million in 2014. She bought it from legendary director Peter Jackson, and she is spending $500,000 on renovating the 8,300 square-feet two-storied penthouse. Her most recent purchase is a 3,540-square foot second-floor apartment she bought from an off-market deal worth $9.75 million. These two properties are on 155 Franklin Street; she also has an $18 million townhouse on 153 Franklin Street that has a paparazzi-proof gate.
There are also reports that Taylor is in the process of acquiring a Rhode Island home, a 1930 mansion that sits on the highest point in Watch Hill. It has 700 feet of shoreline, has eight bedrooms, a pool, eight fireplaces, and more. She is turning into a real estate mogul and the 11,000 square foot home that last sold for $17.75 million. It will set her up for a sound financial future should she resort to listing it back on the real estate market.