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'American Horror Story' Star

Gets KILLED on House Sale

... Loses $1 Million

8/18/2012 3:00 AM PDT BY TMZ STAFF
EXCLUSIVE

0817_morris_chestnut_house_sold_launch"American Horror Story" star Morris Chestnut is in real-estate HELL ... he just unloaded his Hidden Hills, CA home, and got screwed out of a million bucks in the process.

The 43-year-old actor bought the 5,522 square-foot digs back in 2007 for a whopping $3.3 million.

It must have seemed like a good investment at the time -- 6-bedrooms, 7-baths, horse stables, a giant pool ... tennis courts ... fruit trees ... the whole nine yards.

Fast forward to Jan 2011 ... Chestnut tried to sell off the estate for $3 million, but no cigar.  He finally managed to unload it in July 2012 ... but for a mere $2.3 million, aka a 7-figure screw job.

Scary.

13 COMMENTS

No Avatar

1.

Jackie    

What a stupid title. "GETS KILLED"?..wtf

765 days ago
2.

Matt    

I'd love to know who at TMZ thinks this is interesting news? I mean first off I read about it over 2 weeks ago at the LA Times website so it's not even new. Even if it was, who cares? Between this and the obsession over the not particularly good looking Paul Ryan shirtless I'm finding less and less reasons to come here.

765 days ago
3.

SLH    

WHO CARES??? these real-estate stories are so lame

765 days ago
4.

South Beach    

Bought in 2007, so yeah. Millions just like him.

765 days ago
5.

verlinda    

Hell my house looks better than that one

765 days ago
6.

I-See-Dumb-People    

File under "Rich people's problems." Next.

765 days ago
7.

JulesinSD    

Welcome to what happens when the government gives away houses to people who should have remained renters. Thank you Democrats, thank you Barney Frank, thank you for extra 100K we paid on our house in 07' in a overheated housing market packed with indigents who had NO business getting mortgages.

765 days ago
8.

Gary    

House is nice,but ultra-boring. I'm not sure how you figure he was screwed. He bought the house at the top of the bubble. Then the bubble burst. If he waited a few years he could get that price again-but not in this economy. Houses are selling for HALF of what they sold for in 2007. He didn't get screwed. He made a bad investment.Now he's paying for it

765 days ago
9.

Trudy    

He played a lot of poker and was a full tilt pro...the full facts may not be out.

765 days ago
10.

Bambi    

Buy in the up turn, sell in the down turn. This guy is a complete idiot.

764 days ago
11.

HIMALAYA22    

See 625 videos of gods appearing in sky.
http://www.youtube.com/user/theneilriver

757 days ago

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