Friday, March 28, 2008

UPDATE: Joe Babajian

All the children who follow the trials and tribulations of high end real estate in Los Angeles are more than well acquainted of the once high, mighty and extremely successful real estate agent Joe Babajian and his spectacular, very public and much discussed by Your Mama fall from grace last year when he and his bizness partner Kyle Grasso (and a number of other industry folks) were indicted on several uglee charges of fraud and money laundering charges.

Shortly after the indictment ol' JoeBabs put his house in the Bev Hills house on the market with an asking price of $6,995,000 which very quickly had a sliver of a reduction to $6,985,000. After several months of not selling and a few short weeks off the open market, the house was re-listed in January 2008 with a proper price adjustment to $6,595,000. Sure enough, a buyer soon responded to the decrease in asking price and bit the bullet and bought the fully renovated 3 bedroom and 3.5 bathroom house on Carla Ridge in the Trousdale Estates.

Thanks to Our Fairy Godmother in Beverly Hills, Your Mama has learned that the house sold and closed very recently with a sale price of $6,510,000. The owner is listed as a limited liability corporation, but thanks to a quick call to the insanely well informed Lucy Spillerguts Your Mama has learned that it appears the buyer is a young Serbian playboy named Marko Miskovic who is the son of one of Serbia's richest bizness tycoons Miroslav Miskovic.

According to an April 2006 report in the Times Online, the ol' JoeBabs crib is not the only property that is owned by the jet setting dilettante Marko. Sometime in early 2006 it was reported that Mister Miskovic the elder dropped a stunning £25,500,000 to purchase a mansion for Mister Miskovic the younger in London's posh Kensington neighborhood. The lucky scion also reportedly maintains a £550,000 yacht in Montenegro and has a thing for dating Serbian pop stars.

Watch out Britney Spear because now that you're back in your right mind and wearing panties under your mini dresses, young Mister Miskovic might be looking for a piece of your American pop stardom.

17 comments:

Anonymous said...

Well this should help pay the attorneys fees........

Hopefully more foreign nationals with $$$$$ will continue to buy in the L.A. area.

Anonymous said...

Hmm - His Father was linked to Slobodan Milosevic, I'd therefore question where their wealth stems from.

sandpiper said...

Question?

Don't know how far the apple falls from the tree, but I'm happy to not have a daughter of preying age living on that street for a variety of reasons.

sandpiper said...

Where does Babajian stand on the court mess? Anyone?

Anonymous said...

beverly hills is again being invaded.

Anonymous said...

What does it say about high-end prices in LA that a "highly-motivated" seller like JB can still get $6.5M for a 3400sf house?

Anonymous said...

why would a playboy like that with fathers money at disposal by that "Plain Jane" house?

He should have purchased 2260 Sunset Plaza.

The Hollywood Mayor said...

^^ Sunset Plaza is behemoth and nice in certain ways (the pool and spa that look out on the world) but otherwise feels very 80's and tacky.

Agree this JB house is not very big and seems crammed into it's lot... could have found something much nicer for this price I believe

Anonymous said...

Does anyone have any extra sticks of dynamite around the house? I need to go blow up that f'ing 2260 so the anon will stop going on and on and on about it?

I predict IT will be the elusive house that will reduce in price all the way to a 1 million dollars so Average Joe can put his Euros good use.

lil' gay boy said...

Anon 7:45,

I'll go in halfsies . . .

Anonymous said...

2260 sunset is a place to have the best parties in town and then seduce a unsuspecting LA girl in the master bedroom with downtown views.

I can't believe it cost $40m to build.

The Hollywood Mayor said...

^^^ that my friend, is exactly what that house is in a nutshell... you are going to get lucky, VERY lucky... but the tackiness of the property will eventually eat at you until you sell it 2 1/2 years later

Anonymous said...

anon 11 44

have you not read the papers lately ?

you cannot seduce an unsuspecting girl in LA or anywhere for that matter in the US, if you do she can say you raped her, and you will get arrested, I always get to know girls really well first these days.

Anonymous said...

in 2260 you can have hidden cameras in the master bedroom so "evidence" is available.

Anonymous said...

That house is a piece of nasty crap. QUIT trying to sell it here.

Anonymous said...

anon 7 38

you can get sued for that or get time the pokey, that is unless you let the girl know that you have hidden cameras and she is sober and she agrees on camera she wants to hook up with you.

Anonymous said...

anon 11 44am

have there been any parties up there lately ? the last time I was there was in 2005