Reese Witherspoon and Ryan Phillippe have sold their shared investment property, a duplex in Los Angeles, for $1.44 million, according to Trulia real estate blog.
On Jan. 17, seven years after their divorce, they unloaded the duplex they still owned together. They originally purchased the home in October 2005 for $1.17 million and then listed the property in December 2013 for $1.395 million.
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Witherspoon and Phillippe made a profit of $266,500 on the sale of their two-unit remodeled property. Witherspoon also recently sold her Ojai estate where she married her husband, CAA agent Jim Toth. Originally asking for $10 million on the house, she ended up selling for $4.98 million after lowering the asking price twice.
Likewise, Phillippe saw a loss on his Sunset Strip mansion of $1.175 million in March 2013.
Mary Lu Tuthill of Coldwell Banker Brentwood was Reese and Ryan's listing agent for this deal, and Lisa Mansfield of Sotheby's International Realty represented the buyer.
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