Full House star’s $10m home discount
Former TV star Lori Loughlin and husband Mossimo Giannulli's California mansion was originally listed for $40.3 million (US$28 million), but the couple have now parted with the full house for nearly half price.
Loughlin and Giannulli have sold their Bel Air estate to Tinder co-founder Justin Mateen for an estimated $US10 million below what they originally listed it for in January, according to NY Post.
The former "Full House" star, 55, and her fashion designer husband, 56, are expected to be sentenced next month after admitting to conspiracy in a sweeping college admissions scandal in the US.
In January, the embattled couple put their Bel Air home up for sale at an asking price of $US 28.65 million, and it has finally sold to the 34-year-old American tech entrepreneur, according to Variety.
While the official sale price hasn't yet been listed, a source told the outlet that it was sold for roughly $US 18 million (AU $25.9 million).
The couple paid $US 14 million for it in 2015 before investing in total overhaul renovations of the 185sq m villa.
The disgraced pair - who quit their posh country club in the wake of admitting their guilt - are now reportedly staying in a beachfront Ocean County home.
The couple admitted paying $500,000 in bribes to convicted college fixer William "Rick" Singer, who got their daughters, Olivia Jade Giannulli and Isabella Rose Giannulli, into the University of Southern California as bogus rowing recruits.
As part of her May 22 plea, Loughlin agreed to serve two months in jail, pay a $150,000 fine and perform 100 hours of community service, while Giannulli has agreed to serve five months behind bars, pay a $250,000 fine and do 250 hours of community service.
But the deal still has to be approved by a judge at their sentencing on August 21.
This story originally appeared in the NY Post and was republished with permission.
Originally published as Full House star's $10m home discount