According to the IRS and website Blockshopper, Sinbads House in Hidden Hills is up for sale.
IRS seeking to sell Sinbad's 5BD in Hidden Hills
by BlockShopper Newsman published Dec. 18, 2009
Actor/comedian Sinbad reportedly owes more than $8.15 million in delinquent federal taxes and the U.S. Attorney General's office has filed a complaint that seeks to sell the house in order to satisfy the debt. The home was purchased in June 1997 for $1.525 million by Sinbad's brother, Michael Adkins. The complaint alleges that Sinbad is the actual owner and has made the mortgage payments on the property since 1997 either from his production company, Afros & Bellbottoms Productions, or from his person checking account. Sinbad has since filed for Chapter 7 bankruptcy and listed between $10 million and $50 million in liabilities and less than $50,000 in real assets.
I know this property well. It used to belong to Buzz Aldrin, famous astronaut and party companion of old-school Hidden Hills, of which I am proud to say I was a part. Buzz was a magnanimous and gracious host and the jacuzzi in those days always had occupants no matter what time it was. It also belonged to Don Drysdale at one time. Nice sand riding ring in front and a pretty decent horse barn. It was pretty creaky by the time Sinbad bought it, and I met with him a few times to discuss a possible sale. At the time he was really into basketball and was wanting to build his own full on pro style court, which Hidden Hills , as its own private city, deemed wasn't going to happen. (Too much hardscape for the architectural board) Anyway, he was still married then and the place is just ideal for kids, so nothing happened that I was aware of. By now the kids are grown, he's divorced I think). But Holy Sh---! That's one huge freaking tax bill.
Anyway, listed at 3 million, probably with a little work needed, IMO a good deal at this price.
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