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Drama at Paris' Pad

8/29/2007 6:55 PM PDT BY TMZ STAFF

There has been something of a snag in the sale of Paris Hilton's Hollywood Hills pad.
Paris' house
TMZ has learned the house did not appraise for the sale price. Although there are reports it went into escrow for $4.2 mil, Paris' realtor, Mauricio Umansky from the firm Hilton & Hyland, tells us the purchase price is just under that amount.

Umansky, Paris' uncle, acknowledged the highest appraisal the buyer got was $3.6 million. Here's where it gets kind of interesting: Umansky says the purchase price includes furniture and chandeliers totaling between $600,000 and $700,000. He said one chandelier is made by Baccarat -- and only 12 were made. That piece alone is worth 40K.

Umansky says the buyers, a married couple from Texas, will pay the agreed-upon purchase price. He says they're paying mostly cash -- the loan is for $1 million. As a result, Umansky says the appraisal doesn't really mean squat. Umansky tells us the couple will get the keys next week.

71 COMMENTS

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31.

scotty    

Any nice house, there, is over a mil, anyway.

Check out shadowDAILY.com for crazy stories, every day, Playa!

2610 days ago
32.

poncho    

Most American's have their head barried in the sand, its significant that across the US medium home prices have dropped by the biggest percentage point since 1969. You do know real estate crashed in 1969 badly, dont you? Nope did'nt think so because most of your comments are based on personnel jelous Paris bashing. Credit is also tightning, maybe another reason buyer's must lay out more cash and finance only a million. Bet their bank would not let them borrow more despite having enough cash. A few short years after 1969 stocks hit a bear market in 74 and hyper inflation recession of the Jimmy Carter. Between know and next Oct. the stock market is going to tank big time, stocks and real estate have only crashed at the same time once before, that was 1929, think not recession but Great Depression. So yeah, turning markets paying top market, I would be looking for excuses not to buy this house as well. In bad enviroments like we are entering cash is king. This being Paris Hiltons former home has nothing to do with it. Ms. Hilton does have awesome taste in furnishings by the way. She should do a home furniture line, perfume and fashion, every minor celeb and their security are getting into the latter.

2610 days ago
33.

ATX    

Ugh! Who decorated that place? It looks awful. The outside cabana area is nicer than the inside!

2610 days ago
34.

tooth fairy    

The decor of her house is like a night club. LOL! She really likes clubs.

2610 days ago
35.

goldgirl    

FYI the house was perfect and beautiful with a really bad omen and karma before Paris bought that house! See how that bad karma the house is?? she went to jail and all the drama!!!!!! Wish the couple from texas good luck living in that house!

2610 days ago
36.

Georgie    

some rich Texans wants to get on TV????? seems the answer to me, with all the BIG houses they have in Texas for only in the $10000 why in the world this????
Hopefully they bring a BIG TEXAN humidifier to get rid of all the BIG STD's

2610 days ago
37.

Robin    

Her house is beautiful. Looked liked noone lived there, just all for show. Damn it is a buyers market if they can get a home for a mere $1 mill. Come on ppl. she was asking $4.2. Give her a break for absorbing the cost difference. She does not want to be there because of the "paps" and I am sure her neighbors r so HAPPY!

2610 days ago
38.

Go away!!    

This place looks like a mentally challenged person decorated it. I guess she did this herself. kathy hilton, going by the name of heidi these days??

2610 days ago
39.

Go away!!    

who the hell has a giant picture of themself in their livingroom? This tw@t is too much

2610 days ago
40.

Robin    

Who has a giant pic of them selves in their house. Well, some ppl do love themsleves and how well they photograph. My sis has a big cute pic of her in hor house and I have a big on of me and my hubby. but only alittle but smaller than hers. Not a vein thing. Just a " I remember when I took that pic thing, and I thought I looked nice".

2610 days ago
41.

Terry    

It's way over priced as all real estate in LA is but the buyers said ok anyway. no problem that I can see, Until they try to sell it for a profit .

2610 days ago
42.

Joseph Davis    

Can you really call her an heiress anymore after her embarassed and humiliated grandparents took her inheritance away?

-herpes
-fiance dumps her because his parents vowed to disinherit him
-racist comments including the N word
-poor taste
-trashy breast implants
-DUI
-Jail
-high school dropout
-low iq
-porn star

Some"heiress".

2610 days ago
43.

Terry    

Paris who lounged on her deck looking through a portfolio of herself, Watched herself in the windows of her beach house, Stops at every reflection as she walks by. Of course she would have a giant mural of herself!

2610 days ago
44.

Daphne    

I don't see a problem here since the buyers are paying mostly cash. They evidently bought the house with the furnishings included.

So why are you making a big deal out of nothing. The appraisal sounds about right for the neighborhood and the buyers are paying a bit extra for the house's history.

What's with the name calling by low-lives. Sojme posters need to take a closer look at their Own lives before sitting in judgement over others.

2610 days ago
45.

Terry    

# 36 Phonco
some pure speculation and some predicted months ago, old news.
most people do not have their head in the sand, you just need to think yours is a bit higher out. It's really not all that complicated.

2610 days ago
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