Actress Stockard Channing Reaps Impressive Real Estate Profits

Actress Stockard Channing Reaps Impressive Real Estate Profits

June 30, 2020 0 By Stephen Callahan

The recent COVID-19 Pandemic chilled real estate markets in many places in the United States during the spring of 2020. However, award-winning actress Stockard Channing recently demonstrated that a sluggish national realty marketplace has not cooled property sales everywhere. Yesterday, the Los Angeles Times revealed the actress recently sold her Hollywood Hills home for a sum well above her initial asking price.

A Choice Location

Two agents from Douglas Elliman, Annie Stewart and Juliette Hohnen, marketed the listing, a rambling ranch home constructed in 1956. Agent Jenna Cooper represented the buyer. Stockard Channing originally purchased the residence in 1991 for $870,000. She placed it on the sales market in late May of this year with a listing price some $205,000 below the reported final sales price of $2.7 million. The transaction netted the actress roughly triple the amount she paid for the property several decades ago.

The charming three bedroom, three and a half bath home sits in a gated Hollywood Hills community. It offers views of distant undeveloped hillsides. It features a master bedroom with French doors leading to a ground-level patio. Sliding doors from the kitchen open onto an in-ground brick-lined backyard swimming pool. The residence boasts high ceilings, copious windows, and a cozy living room with a fireplace. The den supplies a number of built-in furnishings. The newspaper article did not reveal the name of the purchaser.

An Acclaimed Career in Hollywood

Stockard Channing sold another home in 2019 in the Hollywood Hills for $1.79 million. During recent years, she has resided mainly in Maine when not working in California. Her extensive career in stage, television, and film spans several decades. She graduated summa cum laude from Radcliffe College in Massachusetts in 1965 with a degree in History and Literature before embarking on a career as an actress. She married and divorced four times.

Stockard Channing received a significant career boost in 1977, when she appeared in the role of a teenager in the hit film Grease. Then 33, she would go on to star in many other significant productions. She received a People’s Choice Award in 1979. In 1985, she won a Tony Award for her appearance on Broadway as the lead actress in the drama A Day in the Death of Joe Egg.

She has starred in numerous stage, television, and film productions and garnered many prestigious awards. One of her particularly notable performances included playing the fictional First Lady, Abbey Bartlet. She co-starred in the critically acclaimed network television series The West Wing. The drama recounted the daily life and challenges faced by staffers at the White House during the administration of a stubborn liberal Democrat from New England, President Josiah Bartlet (portrayed by Martin Sheen). She received a Best Supporting Actress Emmy Award for her performance. Other cast members in the hit Prime Time series included Allison Janney, Richard Schiff, Bradley Whitford, and Rob Lowe.

Good News For Los Angeles Home Sellers

Concern surrounding the Novel Coronavirus Pandemic and recent economic setbacks (including soaring unemployment figures) has largely dampened real estate sales nationwide during recent weeks. The sale of Stockard Channing’s home in Hollywood Hills for well above the initial asking price will likely strike realty sellers in Los Angeles as good news. The transaction demonstrates even during downturns in the real estate market, strong demand exists for some properties!