Celeb R.E.: NBA Baller Jason Kidd Quietly Sells Granada Hills Home for $300K Loss in 2012

Images courtesy Podley Properties

Back on September 10, 2013, NBA Baller Jason Kidd quietly sold his Granada Hills home for $565,000. Jason Kidd just retired from the game last year and will now enter a coaching career for the Brooklyn Nets. When Kidd was playing from 1994 - 2013, he was an amazing point guard who ranked third all-time for regular season triple-doubles with 107 and second in playoff triple doubles with 11. He also won two Olympic gold medals, NBA champion in 2011, 10 time All-star, co-Rookie fo the Year (with Grant Hill), and a whole host of other accomplishments too long to discuss for this post. 

The home measures 4 Beds/2.5 Baths on 2,750 sqft on a total lot size of 0.39 acres built in 1956. The listing description is below:

This home is centrally located and sits on large lot of over 17,000 square feet with a circular drive way and lush landscaping. The great open floor plan consists of living room with tile flooring, recessed lighting and a fireplace which opens to the large kitchen with center island, distressed light wood cabinetry and a sub zero refrigerator. Take a step down to the family room with high ceilings, ceiling fan, wired speakers, and large windows that make this room light and bright. The master bedroom has glass doors that open up the backyard, a great custom walk in closet, master bathroom with double sinks, sunken tub, and separate shower with travertine stone work. The spacious park like backyard is perfect for family and entertaining with a fenced sparkling pool, built in BBQ, patio area and plenty of lawn. You don't want to miss this opportunity to live in this great home!

This home was last purchased on May 28, 2004 for $845,000 which translates into a $280,000 loss before taxes, carrying costs, commissions, and any renovation expenses which was not sold as a short sale. This home was originally purchased by Jason and his then ex-wife, Joumana, but was later transferred from Jason and Joumana Kidd to Jason on April 28, 2009 which I am guessing was part of a divorce settlement which also appears that Joumana retained ownership to their Saddle River, NJ mansion shown below. This home measures 6 Beds/7.5 Baths on 11,952 sqft on a total lot size of 2 acres built in 2000 and was purchased for $2,750,000 in May 2001. It appears that Joumana tried to sell this home on August 16, 2012 for $3,675,000 but the listing was removed on October 12, 2012 with no updates since then. The listing description is below:

SITUATED PRIVATELY BEYOND A SCREEN OF MATURE TREES AND GATED ENTRY, THIS LUXURY STONE AND STUCCO MANOR HOME,DESIGNED BY ROBERT ZAMPOLIN, IS WARMLY INVITING AND INTIMATE DESPITE ITS GRAND SPACES. DESIGNED WITH BOTH FABULOUS INDOOR/OUTDOOR ENTERTAINING AND CASUAL,YET ELEGANT, LIVING IN MIND,THIS CUSTOM BUILT SUN-DRENCHED RESIDENCE FEATURES QUALITY FINISHES AND AMENITIES THROUGHOUT.THE FIRST FLOOR MASTER WING PROVIDES THE ULTIMATE IN PRIVACY FOR THE OWNERS AND OPENS TO TERRACE AND REAR YARD.THE SECOND FLOOR BOASTS A GUEST SUITE AND 4 ADDITIONAL ENSUITE BEDROOMS.THE DREAM KITCHEN OPENS TO THE COZY FAMILY ROOM. EQUIPPED WITH A COMMERCIAL RANGE, GRANITE COUNTERS AND 2 DISHWASHERS,IT MAKES ENTERTAINING A DELIGHT.THE FUN LOWER LEVEL INCLUDES A JUNIOR-SIZED BASKETBALL COURT,GYM,2ND LNDRY AND SO MUCH MORE.4 CAR OVERSIZED HEATED GARAGE.EXPANSIVE BLUESTONE TERRACE OVERLOOKS FREE-FORM POOL AND SPA WITH NATURAL STONE SURROUND.THIS HOME WILL NOT DISAPPOINT AND COULD NEVER BE DUPLICATED AT THIS PRICE.

Image courtesy Bing Maps

Image courtesy Marron Gildea Realty

Its not known why Jason Kidd purchased a modest Granada Hills South home but his son Jason Jr. was attending Harvard-Westlake High School according to a January 12, 2007 article by the New York Post, so maybe he chose to live in the SFV to near that prestigious school. 

Its not known exactly where Jason calls home but back in 2009 according to the Realestalker, Jason Kidd purchased $5,948,000 mansion on N. Casa Blanca Drive in Paradise Valley, AZ which I am assuming he still owns and still calls home. Also mentioned by the Realestalker is that Kidd may also own a 1,350 sqft condo in Foster City, CA and another condo in Dallas, TX that measures 2,476 ft which may have already been sold. 

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Write by: Unknown - Tuesday, June 18, 2013