Lori Loughlin Downsizes To $9.5 Million Home Amid Legal Troubles


Last month, Lori Loughlin and her husband Mossimo Giannulli sold their family's Bel Air mansion amid their ongoing college admissions court case. The couple sold the home at a significant financial loss, as well, receiving more than $10 million below their initial asking price for the transaction.

According to Variety, Loughlin and Giannulli sold the house to Tinder co-founder Justin Mateen for $18 million. They originally listed the Bel Air mansion for $28.7 million. Loughlin and Giannulli purchased the home back in June 2015 for $14 million and spent an unknown amount in renovations over the years, according to the report. The home is 12,00 square feet and consists of six bedrooms, nine bathrooms, an eat-in chef’s kitchen, two living rooms, an outdoor courtyard and a swimming pool.

A few weeks later, Variety confirmed on Monday (August 10) that Loughlin and Giannulli closed a sale on their new home. They purchased a $9.5 million home in Hidden Hills, California. The house is reportedly located in a gated community and contains six bedrooms and nine bathrooms within its 11,748 square feet of living space.

The home also includes a number of additional luxury amenities, including a temperature-controlled walk-in wine cellar, gym and movie theatre. The backyard has a pool and spa, as well as a fire pit and barbecue area.

Loughlin and Giannulli are expected to plead guilty in the ongoing college admissions court case later this month. While Giannulli will reportedly be sentenced to a five month prison sentence, Loughlin will likely serve an even shorter two month sentence.

Photo: Getty

Magic 98.9fm · Alaska's Best Variety

Listen Now on iHeartRadio