HGTV received more than $2 million when they sold the iconic brady bunch house, which they bought in 2018.
The popular design network renovated the property with the help of Property Brothers stars Drew and Jonathan Scott on their show A very Brady renovation. They also had the help of several stars from the beloved television series.
After four months on the market this year, they sold the property for a bang.
Read more about the Brady Bunch house…
According The Wall Street Journal, HGTV sold the property for $3.2 million, less than the $3.5 million they originally bought it for. They also invested about $2 million in the home while renovating it, leading to an asking price of $5.5 million.
Tina Trahan, a fan of the original series and wife of former HBO CEO Chris Albrecht, bought the house and will use it for “charity and fundraising events.”
Despite selling for far less than the asking price, HGTV listing agent Danny Brown told TV Line they weren’t upset with the outcome.
“This is a unique property that was impossible to compare. This is not a house anyone would live in, and smart investors understand that Airbnb rental laws are nuanced and restrictive. We felt the property was worth between $3 and $3.5 million and that’s exactly where it landed,” he explained. “There are no intellectual property rights that are included in the sale.”
Why the higher list price? “HGTV spent about $5.5 million buying and destroying the house, so we listed it for $5.5 million, even though we knew it was an aspirational listing price,” Danny said .
In 2018, HGTV competed with a very famous musician to buy the house.