Properties - Updates

1958 - 1971: MJ spent his childhood in this small family house built in 1949. The property has been sold to Unique Wood Designs Inc. on April 6, 2010 by the Jackson Trust (Katherine and Joe Jackson's trust). UWD is owned by Katherine, Taj Jackson and Trent Jackson. The estimated value of the property is $22.000. There are no mortgage liens or unpaid taxes. No public information on who lives in the house, or what developments are in plans.
Address: 2300 Jackson Street, Gary, Lake, Indiana
Year built: 1949
Living area: 672 sqft
Number of stories: 1
Bedrooms: 2
Bathrooms: 1

1971 - 1988: MJ's parents bought the family compound for $140.000 in 1971. MJ lived there from 1971 until the middle 80's. In the meantime he resided in rented houses. The property is now owned by MJ's Estate and LaToya Jackson. Last time the ownership changed was back in April 26, 2005. when MJ's status was changed from "a married man" to an "unmarried man". The property is valued for $2.8 million. The property still has a $2.2 million mortgage lien. All taxes are paid. Katherine, MJ's 3 children and relatives are living on the compound.
Address: 4641 Hayvenhurst Avenue, Encino, Los Angeles, California, 91436
Year Built: 1983
Living Area: 10476 sqft
Number of Stories: 2
Bedrooms: 5
Bathrooms Full: 7
Pool, air conditioning, two fireplaces, attached garage for two cars

1988 - 2005: MJ bought his dream home back in 1988 for reportedly $18 million. And finally left it after his 2005 trial to Bahrain. The property is owned by Sycamore Valley Ranch Company LLC, said to be a joint venture between MJ's Estate and Tom Barrack (since November 10, 2008). The land is used for agricultural purposes, but no further plans are known. The property is valued at $28 million with a $23 million mortgage lien. The taxes are paid.
Address: 5225 Figueroa Mountain Road, Los Olivos, California, 93441

1993 - 2009: MJ bought a barely known property in Encino back in 1993. Later he allowed Deborah Rowe to stay in this condo until 1999, when they official divorced. The property is now owned by MJ's Estate and LaToya Jackson.
Address: -
Year Built: 1973
Living Area: 1890 sqft
Number of Stories: 2
Bedrooms: 3
Bathrooms: 3
Pool, air conditioning, garage.

2005 - 2009: In the last 4 years of his life, MJ rented mansions amongst others in Bahrain, France, Ireland, Las Vegas and Los Angeles. According to the publicly available information, he did not buy any new properties.

MJ furthermore owned a Century City hideout that we have no information about.

Katherine sold her Las Vegas condo for $14.000 on June 19, 2008. MJ gifted her with this in the 90's.

1 comment:

Philippines properties for sale said...

Thanks for sharing this "Properties - Updates". Any updates for 2011?