Rizzo’s Huntington Beach house sells for an ‘underpriced’ $939k
The two-story, 3,250-square-foot home at 1935 Lake St. sold for $939,000, said the buyer's agent, Hudson Warren of Keller Williams Realty. The sale closed Oct. 14.
Warren said he and the buyers, who do not wish to be identified, didn't know the house belonged to the embattled former manager who faces public corruption charges until an offer was made and accepted.
The couple with small children already lived in Huntington Beach and knew that Rizzo lived in the city, but didn't know where, Warren said.
"They've been taken aback by all this attention," he said.
Warren said his client, who wanted to maintain their privacy, got a good deal.
"Based off of others in the area, it was underpriced," he said. "I think some people realized whose house it is and probably didn't want to be involved."
Warren said the buyers "jumped" on the opportunity because of the home's condition and many upgrades.
"Most of the houses that are available now need work or updating," Warren said. "This was ready to go."
The lavish details throughout the home showed Rizzo's expensive taste.
The four-bedroom, three-bathroom home has a cherry-wood walk-in closet in the master bedroom, built-in cherry-wood bookshelves in the living room and a formal dining room and travertine, granite and marble surfaces throughout. There are crystal chandeliers in the bathroom.
Rizzo bought the house in 2007 for $1.13 million. He moved out in June and it's not clear where he's living at this time. The asking price was $949,000. A "guesstimate" price for the house was $979,000 when it was first placed up for sale.
-- Mona Shadia, Times Community News
Photo: Robert Rizzo's Huntington Beach house has been sold. Credit: Mark Boster / Times Community News