Spectacular Magazine (June 2014) Vol 1, Issue 3 | Page 38

Did u know CONTINUES FAN BUYS WHITNEY HOUSTON’S NEW JERSEY HOME MENDHAM, NJ - According to Zillow, online real estate database, Whitney Houston’s 13,607-squarefoot home on five acres was purchased by Matthew Krauthamer, a 33-year-old emergency room physician with various real estate investments, for $1.5 million. Along with five bedrooms and six bathrooms, the 1987 creation and site of Whitney Houston‘s 1992 wedding to Bobby Brown also includes a large swimming pool, two Jacuzzis and a tennis court, among other amenities. The property has been on and off the market since 2009, and following Houston’s death in 2012 the listing price was repeatedly reduced (at one point, the home was listed for $1.75 million), Zillow also reports. It was sold to Commercial Property Management Group (CPMG) in February for $999,900. Selling agent Greg Taylor, who represented the investment company, said renovations were considered before putting the property back on the market, since it had been vacant for so long, but Krauthamer — who lived just a few blocks away — quickly purchased the home. Krauthamer said he has turned down filmmakers and fans who have contacted him to view the property, and he told the late singer’s family that he does not plan to exploit Houston’s fame. Follow us on twitter #SpectacularMag Follow us on instagram spectacular_magazine Like us on Facebook spectacularmagazine/spectacularmagazineradioshow 38 SPECTACULAR MAGAZINE | June 2014 | www.spectacularmag.com