Like many of us, Whitney Houston is slashing her asking price to sell -- but she's cut more than $2 million.
Singer Whitney Houston may be on the comeback trail (click here to see the filming of her "Million Dollar Bill" video), but apparently, all isn't well in the pop star's world. The singer has put her 12,561-square-foot home in Mendham, N.J., on the market for $2.5 million -- significantly less than its assessed value of $5.6 million, according to published reports. Coldwell Banker Residential Brokerage has the listing.
The singer/actress, who starred in the movie, "The Bodyguard" with actor Kevin Costner, purchased the property for $2.7 million in 1987. It was at the home, which sits on 5 acres at 22 North Gate Road, that she wed her abusive ex-husband, singer Bobby Brown.
Whitney, 46, nearly lost the home in 2006, when a mortgage company filed a lawsuit against her for $1.04 million, and foreclosure papers were drawn, says NJ.com. Whitney was able to avert foreclosure, however.
The contemporary residence has round living spaces, floor-to-ceiling windows and skylights.
Perhaps Whitney has been neglecting the home -- she and her daughter, Bobbi, have been living in Los Angeles, and her home is now "dated looking," says NJ.com. (Or perhaps she's just having trouble finding furniture that will work in round rooms.)—Lauren Baier Kim