Bruce Springsteen suffers real estate loss

Bruce Springsteen suffers real estate loss
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Mon 29 Mar 2010

Legendary American rocker Bruce Springsteen, aka the Boss, is a little bit poorer these days, after selling one of his houses for approximately AUS$170,000 less than what he originally paid.

With over 120 million albums sold however, it’s not likely Springsteen is feeling the pinch, like many regular home buyers might. The 60-year-old “Born In The USA” New Jersey icon owns several mansions in the US, including one in the town of Wellington, Florida. Complete with five bedrooms, six bathrooms and a swimming pool, after purchasing the property back in April 2008 with wife/back-up singer Patti Scialfa, the Boss has now sold the property, pocketing $3.26 million in the process... while the original purchase price was $3.43 million.

The singer won’t be worried about the decline – Springsteen also owns the mansion right next door, a $5.09 million abode located on the “Equestrian Club Estate”. Springsteen is believed to have sold his house to billionaire couple Daniel and Ellen Podell Crown. He also own a horse farm in New Jersey.
In December last year Springsteen was honoured by the Kennedy Centre for his contribution to the arts, in a ceremony overseen by President Obama. His latest LP is 2009’s Working On A Dream.
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