Frankie Muniz: Real Estate Mogul or Muck-Up?

Posted Dec 16th 2007 11:00AM by TMZ Staff

Lil' Frankie Muniz has made some big real estate deals in the past. Since he was a teen he's been buying and selling property, but TMZ is told that Muniz may not be a real estate prodigy in terms of making a profit. Life's unfair!
Frankie Muniz
The "Malcolm in the Middle" star has just listed his 1,972 square foot, five bedroom and four bathroom Hollywood Hills home for sale -- and according to the LA Times it's going for a little under $3.9 million dollars. But property records indicate Muniz purchased the house in January of 2006 for almost $3.5 mil. According to TMZ's sources, Muniz did "extensive upgrades" on the home. Unless he was in the Home Depot do-it-yourself section, the gain from this property may not be as much as Frankie's pockets would like.

And by the way, he will still have to pay a real estate commission -- which could amount to several thousand dollars. Well, there's always that race car driving hobby -- that's more realistic!

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(Page 2 of 3)Previous 15 Comments | 1 | 2 | 3 | Most Recent | Next 15 Comments

16. A 5% commission on a 3.9M house would be close to 200,000. But the genius bar at TMZ says it "could be several thousand dollars!". Are you guys retarded? Are you the group of jack offs that paid someone else to do your math homework? And you're criticizing Frankie Muniz?

Posted at 12:23PM on Dec 16th 2007 by Gary

17. 1,900 square foot home for 3.9 mil lol I have 50 acres of land - a 4,000 square foot home - pool, no neighbors within a mile - forest, pond, and beautiful scenery all for less than 1 million in the Wisconsin area.. get a clue! What smucks that have to get a closet - have neighbors right next door with probably less than 1/4 acre of land.. how pathetic.

Posted at 12:33PM on Dec 16th 2007 by dug

18. how many properties do you own in the hills? and you call him a muck up think again dildos

Posted at 12:57PM on Dec 16th 2007 by smokey

19. Chances are he's smart to dump it. The house is small, especially for that area, and it's a buyers' market. Holding onto it will not bring a much bigger profit, and it will cost him in the loss of the very large monthly payments which could be otherwise put to good use or invested. Maybe he's dumping it so he has the funds to invest in a more profitable property. After all, there are a lot of foreclosures on the market right now, and those with the money or clout can pick them up for a song, then flip them at a respectable profit.

TMZ shouldn't be insulting Frankie for doing something they're not smart enough to do themselves, and don't understand. Obviously, if he's still flipping houses and started doing so when he was a teenager, he must be doing something right. Back off, TMZ.

Posted at 1:02PM on Dec 16th 2007 by Puh-lease

20. I mean really...my husband and I are investment property owners and this goes with the territory and definitely moreso in this market today. So what? He breaks even...no biggie. There is always the potential to lose money or not make any significant money on a real estate deal. Kudos to Munitz for ever investing his money in real estate to begin with. He started young and I'm sure he's be fine.

Posted at 1:05PM on Dec 16th 2007 by Shelly

21. Maybe if TMZ would get their noses out of Britney's butt and they would notice that the housing market is down the tubes. EVERYONE'S houses has depreciated. Not just the rich people.

Posted at 1:18PM on Dec 16th 2007 by Kitty

22. Are you sure that the SQ is right?? 1900 Sq and it has 5 bedrooms and 4 bathrooms?? The rooms must be 10x10. I think I will stay where I'm at.

Posted at 1:21PM on Dec 16th 2007 by Sarah

23. Considering how much the real estate market has declined in California, I would say he came out pretty good.

Posted at 1:53PM on Dec 16th 2007 by ladyjag

24. harvey & his gang of dorks (have you seen them on the tv show? --not a pretty crowd) --- they're just jealous of is wealth, and ability to get all the tang he wants.
'

Posted at 2:00PM on Dec 16th 2007 by steven nicks

25. "which could amount to several thousand dollars"

Perhaps more than that, GH!

Posted at 2:23PM on Dec 16th 2007 by CSK

26. Multistory, 5 bedrooms, 4 baths and only 1,972 for $3+ Mill- something doesn't add up. Are the bedrooms the size of the bathrooms? The interior must be built like a submarine. He's kind of a small guy, so maybe the house is built to scale to fit him?

Posted at 2:48PM on Dec 16th 2007 by Numbers?

27. He seems like a sweet kid (guy) I'm sure all that syndication money is still rolling in as well.
Crying all the way to the bank no doubt

Posted at 3:09PM on Dec 16th 2007 by richard

28. by numbers
I agree. Those rooms have to be teeny tiny. Who wants a house like that and even if you were to tear down walls to enlarge rooms, at that price...it'd be ridiculous.

There are much better deals in the hills of Hollywood.

Posted at 3:18PM on Dec 16th 2007 by CA girl

29. I think it's a safe bet that the reason TMZ is running this story is because Harvey Levin and his staff still live with their mothers. What a bunch of jealous d-holes.

Posted at 3:50PM on Dec 16th 2007 by Gary

30. You ppl must take glee in bashing him. Malcolm in the Middle rawked you losers.

Posted at 3:53PM on Dec 16th 2007 by Rik

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