Desperate Housewife: Teresa Giudice Reduces Price of Her New Jersey Mansion By $500,000

Posted on Nov 12 2014 - 2:04pm by Nancy

teresa-giudice-sells-mansion-pp

Future Jailbird and star of “The Real Housewives of New Jersey,” Teresa Giudice, has reduced the asking price of her Towaco, NJ mansion by $500,000. The new listing price is now $3.499 million.

Teresa and Joe Giudice put their Towaco, NJ multi-million dollar mansion on the market in September.

That would seem like a bargain for 4-acre property, however, the property was appraised for half that amount recently.

The reduction of the price may have a lot to do with getting it sold before the RHONJ star begins serving her 15-month prison sentence on Jan. 5, 2015. Teresa pled guilty to tax evasion and a variety of fraud charges. 

During an emotional part-three of the RHONJ reunion last night, Teresa said the worst part of going to prison will be the separation from her four daughters. Her youngest, Audriana, was born on the show.

“I wish I could take my daughters with me,” she said.

The couple’s beach house in Manahawkin, New Jersey, also is for sale. Price: $315,000.The shore house is located on the Jersey shore is described as a the perfect weekend getaway! The contemporary 4 Bedroom 2 Bath Ranch was Completely Renovated with Light Bright and Airy tones, Vaulted Ceilings, Fans & Recessed Lighting. Brand New Kitchen w/ Custom Cabinets, Stainless Appliances, Ceramic Tile Flooring. The outdoor living space is relaxed and comfortable w/ Double Sliders to stamped concrete patio, 50 feet of waterfront w/ vinyl bulkhead. Plenty of storage inside and out. Deck & Dock make a perfect place for Social Gatherings & Family Parties.

 

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About the Author

Nancy loves to multi-task as a writer, she's an actress and online radio host. She received a B.S. in Mass Communications from LSU. She's married and the proud mom of 2 German Shepherds.

  • itsjustme

    You know they aren’t truly interested in selling that monstrosity because they STILL have it listed for about $1.5 million more than what it has be appraised for. Even if or some odd reason a dufus DID purchase the home, Tre and Joe wouldn’t see a penny of it. After the bank got what they are owed and the restitution is paid there would be nothing for them.
    Hence the reason I don’t feel they will ever price that house with a truly realistic price. They are going to hang on to it as long as possible IMO.

  • WaWaWaWHAT!

    If they REALLY wanted to sell the house, they would price it right…

    • Marsbars09

      ITA.

    • Something tells me, they priced it so high because of all the liens attached to the property.

      • Vince Foster, Jr.

        Teresa has NO INTENTION of selling it!!

  • shayvoe

    I’m sure that anyone who has the money to purchase a 3.5 million dollar home feels the same way TreApe does…they don’t want a used home…that’s skeevy. Good luck TreApe…foreclosure in 3, 2, 1.

    • Marsbars09

      LOL! I just posted a comment on which dummy is going to purchase the mansion for the asking price.

  • WestCoastFeed

    A. Poster on another website says the local New Jersey gossip is that the house will be seized if not sold by Dec 31.

    • shayvoe

      Hi WCF….if that is true, what a mess Joe is going to be in trying to pack up a house, find a place to live, and taking care of those kids. Can’t believe they would seize the house right before the holidays.

      • Marsbars09

        Oh oh! Well Joe better get to stepping on preparing for a big move!
        Hi Shay! Nice to run into you. 🙂

        • Hey Marsie…Joe can’t afford movers and storage. He better off just packing clothes and personal belongings and gets to steppin’.

          • Pinky Pie

            That was another thing I had been thinking, I would want to say what to pack giveaway, or sell. It is like Teresa really did bury her head in the sand on this issue. Or, they did have a plan in place, so no worry.

        • shayvoe

          HI Mars!!

      • WestCoastFeed

        If they moved into thatrental that Melissa and Joey are living in now, Joey could go back to the mansion. . That rental is a bout $4k per month. I think Juicy could afford that. Win, win for both famillies.

        • Now there’s an idea but where are Juicy’s getting their money from?

          • Pinky Pie

            Don’t bother them, they’re busy filling out loan papers. They have to pay the rent somehow! 🙂 🙂 🙂 how much money do you think they should say Teresa makes as an astronaut? 🙂 🙂

      • Jennymckitty

        I can’t imagine. They have so much to pack. It makes me sick just thinking about it. I hate moving.

        • I can see Joe, saying “eff it” and leave all that crap behind. The movers and storage is costly.

          • Jennymckitty

            Doc, I would almost rather do 15 in Danbury than think about packing all that & moving. That’s how much I hate moving. Joe has a big family…hopefully they will help him out. Tre seems like a bit of a control freak. I’m sure this will drive her crazy.

          • shayvoe

            I was thinking the same things Jenny. 15 in Danbury would be desirable over moving out of that house. Tre will have the easier chore.

          • Jenny, give me 24 in Rikers Island. I don’t mind moving…..I just hate the packing and unpacking.

          • ✿❀❁ Tigerlily ❁❀✿

            Doc, you comin’ to NY? LOL!
            Well I will for sure come visit you. I know how to get there!

          • Ahahahahaha! I can always count on you, my friend. I would put in a special request. Might as well, Tre did. LMAO!

          • ✿❀❁ Tigerlily ❁❀✿

            For My Doc? Anything!
            I will be there with bells on! Oh & a cake with a file in it too!
            I know how to bake! LMBO! Yup, yup!
            *Tigerlily shakes head & grins!*

          • Ride or die chick! *slaps T-Lily high five*

          • ✿❀❁ Tigerlily ❁❀✿

            Always got my girls back! Oops sorry bout that!

          • Babson_Chick

            LOL I bet he’s got some plan in the works.

          • ✿❀❁ Tigerlily ❁❀✿

            Hi Babs! How are you Honey! Good to see you!
            Juicy will do as he is told up until Tre is gone. Then I think all bets are off!

          • Yeah… and it involves Mahoney Bar. LMAO!

          • Babson_Chick

            LOL – monkey plans I’m sure. Hi there Doc!!

          • Hi Babs! How are you sis? Have you gone on any trips lately?

      • Hi Shay. Banks don’t care, they just want their property. Joe and the kids can go live with Pete. Pete has a gang of kids of his own plus their mother living with him but where else can they go.

        • shayvoe

          Hi Seussy…I know they don’t, but that is a very short time…thought it usually took longer to foreclose, unless they stopped paying the mortgage a while ago.

          • Hey sweetheart *waving*

            If the rumor is true, then that’s what I’m thinking also. And it does make sense since they didn’t have the money for the restitution payment on Oct 2.

      • ✿❀❁ Tigerlily ❁❀✿

        Hi’ya Shay! Can you imagine Juicy picking out a house that will suit Tre & the girls?
        Let’s see…. It’s got a roof? 4 walls?
        Okay, sold!

        • MorningYawn

          Caroline said Joe would be happy in a cardboard box with some wine. Do you think he can find one big enough for the 5 of them… > Of course I kid!

          • ✿❀❁ Tigerlily ❁❀✿

            Ita, MY. I don’t think Juicy is into any of that ish. Not the Joisey manse or its garish & gaudy contents.
            I think Juicy would have been content with the apartment over the pizzeria. Imo, Juicy is fine with a place that has a roof, four walls, a kitchen, a bathroom & a place to to sleep. That’s all he needs & that’s all he thinks they need.
            & you know what? He’s absolutely right on that account. All that other crappola is what Teresa needs & WANTS, nobody else but her would care. Well maybe Milania, but she’s a kid. She’ll get over it soon enough! LOL!

      • MorningYawn

        They got to be together for the holidays… i think that’s the last bit of grace they are going to get and certainly more than they have earned. It will be devastating whenever they do it… hopefully all the new presents for the girls won’t get seized as well.

    • Jennymckitty

      West, it is so good to see you. I’ve missed you.

      • WestCoastFeed

        Thanks,Jenny. I am just popping in on my kindle until I get out and buy a news laptop.

        • Jennymckitty

          Good luck. I’m thinking of getting a new laptop for my family for Christmas. I’m sure my choice will drive my husband crazy but I have my eye on a Toshiba that is going on sale at Costco.

          • nan/4

            A BIG HELLO to WCF and sweet Jenny. It’s very good to see you ladies! Hope that all is well. 🙂

          • Jennymckitty

            Hey, Nan. Good to see you. Hope you are doing well!

          • nan/4

            I hope that you’re doing well too Jenny! You getting ready for the Thanksgiving Holiday? I can already feel the inches being added to my thighs….LOL! 😉

            xo

      • ✿❀❁ Tigerlily ❁❀✿

        Hi Jenny! What’s shakin’ bacon? Hope you are well. Just popped on to say hi & try to catch up with all my buddies on AAtT. Have a great evening Hon!

        • Jennymckitty

          Hey Tiger! Good to see you. All is well here. Hope you are good.

          • ✿❀❁ Tigerlily ❁❀✿

            Workin’ too darn hard. Not much time to come out to play lately, but when it comes down to reality, it beats NOT working, so I guess I shouldn’t complain right?
            But I will anyway. Ha-ha-ha!
            Glad all is welll with you Jenny. Take care & have a great evening!

    • I wonder if that’s true. If true that would mean they stopped paying the mortgage awhile ago. Can you imagine her house getting seized and she’s heading to the slammer. Talk about poetic justice.

      • MorningYawn

        Can we arrange for both things to happen on the same day. Let’s have the home seized at 9 and then her perp walk at like, 11. That way she gets to feel for herself the horror of being evicted, not just relive it through her kids and Joe. She gets to be shocked to her core, gutted, embarrassed… and THEN has to turn herself in. As much as I think that is justice for her, I also think that she still won’t get it, still won’t be her fault. I would, however, watch my little scenario play out live on Bravo or a Nancy Grace special or HLN…

      • Pinky Pie

        Hi Thanksgiving Seuss!
        I have been wondering, how a “good mother” wouldn’t get those children settled in a new home, because unless Teresa and Joe stashed cash, they couldn’t afford to stay in their ugly mansion. So, why hasn’t a new place been leased or rented? As a mother, I would want to know where my children would be laying their precious little heads every night I was “in college.”

    • Vince Foster, Jr.

      Correct me if I am wrong, the IRS hasn’t stepped in yet. Did she report all of her income?

      • WestCoastFeed

        The last report I read is that if she can’t pay the balance of her restitution, she must submit a payment plan. But I didn’t see a deadline.

        • Vince Foster, Jr.

          WCF, I still bet you that they go over her taxes especially when she was hiding income in one of her companies

    • ✿❀❁ Tigerlily ❁❀✿

      Hi West! Long time no see! Glad to see that you are back posting! Hope you are doing well.

      Wonder how much of a loss the bank will wind up taking if it gets foreclosed on? Really can’t see & don’t think there will be that many prospective buyers willing to put up that kind of cash for “that” house.

    • MorningYawn

      Do you think they will seize all that tacky, expensive and wildly heavy to move furniture of theirs? Some Jersey girl will buy that ish and the banks can make a few bucks off of it. No house these jokers are going to get will hold the furniture. It will be too large for any of the rooms.

  • ZammyB

    Aww I still feel bad for her and her girls!

    • Hey Zammy! You have such a caring heart. I love you for that.

    • nan/4

      Hi Zammy. I hope that you’ve been doing well. 😉 I feel for them too, but do you think it’s fair for them to continue to live in that home? I feel very sure that it will be seized by the bank. IMO, it would be better to get them into a living situation that will more likely reflect an entirely new way of life, and let them get accustomed to it. JMO!

      Take care! 🙂

    • ✿❀❁ Tigerlily ❁❀✿

      Zammy you are a sweetheart. BUT. The ONLY people responsible for the harm that has been inflicted upon & will continue to be inflicted upon the Giudice girls for years to come are their own parents.
      Please preach, teach & school their unrepentant parents who still have taken no responsibility or accountability for their poor choices & their own actions.
      It was Teresa & Joe who put fame, greed, money & all things name-brand above the welfare & well-being of their own children. Put the blame where it belongs. Squarely on their parents who chose to scam, lie & defraud multiple businesses, banks & individuals.

    • equinox2009

      ZammyB I feel so bad for those four girls. They are all at an age when life should be happy and fun I hope and pray they will be okay, I suspect the first 6 months will be the hardest You seem like a person with a big heart and wish only good for you and yours

  • Marsbars09

    I wonder what sucker would purchase the haunted mansion for the asking price?

    • ✿❀❁ Tigerlily ❁❀✿

      Hi ‘ya Marsie! Hope all is well with you & your family.
      Hmmm. Good question Hon.
      Maybe Tre’s good buddy VG will buy it for one of her boys. You know, to get him off the compound! LMFAO!

      • Marsbars09

        Hi T-lily! I’ve been thinking about you honey! Where have you been? I missed you!

        • ✿❀❁ Tigerlily ❁❀✿

          Hello Mars! *Tigerlily waves frantically!*
          How’s things with you? Ugh! Working all the time, so little time to come out & play. When I do it’s so late, most everybody’s gone.
          Bummer!
          Aww. Thanks! ❤(ˆ‿ˆԅ) I really miss you guys too!

  • nan/4

    Even if they DO get the chance to sell that monstrosity, which I highly doubt, the money will go towards the 13.4 million dollars they owe. A drop in the bucket. :-/

    • BuckJohnson

      They where hoping to get a little money after all the loans on the house where paid for by the purchase. But once it made news they where selling it months ago the went ballistic because then the creditors can put liens (which they probably have on it now) on the house and any money that is over the loans on it will go to them. They will be lucky to get even 1.5 million for the house. There major problem is that the house was built for Teresa’s fantasy and its taste isn’t a lot of peoples taste. In fact the area that the house is in is not even around houses in the same size or price range. That highway doesn’t help either. Someone would buy the house to level it and put a warehouse there pure and simple.

      • nan/4

        It’s ugly AND it’s near a highway too Buck? Eww. Yup they should level the thing. I agree!

        Be well! 🙂

    • ✿❀❁ Tigerlily ❁❀✿

      Hi Honey! How are you Nan? Hope you are having a lovely evening.
      The bank is gonna wind up foreclosing at a loss. No way anybody’s gonna spend big bucks on that hideous monstrosity! Not gonna happen. It’s barely worth even half that price.

      • nan/4

        TIGER!!!!! OMG!!!!! HI!!!! We have to chat. I miss you and hope that all is well!!! We’ll arrange it, okay?

        Love you!!!

        Nancy
        xo

        P.S. ITA with what you posted! 😉

        • ✿❀❁ Tigerlily ❁❀✿

          YES, we do! I would love that!
          My Honey is in the city tonight at a business/dinner meeting so I am playing hooky from work at the moment. Missed you bunches Sweetie!

          • nan/4

            Have some fun and post, TL! You deserve to take some time to REST and RELAX, okay? Promise?

            MMUUAAHHH!!!!!

          • ✿❀❁ Tigerlily ❁❀✿

            Will do. At least for a little bit! (❛‿❛✿̶̥̥)
            So tired & beat, I’m ready to call it a night but it’s too early here & I will wake up in 4 hours & then not be able to sleep anymore than that & wind up being awake all night long, which bites big hairy ones! LOL!
            Oh, check your mail.

    • Hi Nan….of course not. They don’t pay anyone. They are the type of people that say “Sue me.” They do everything they can to hide their assets. They’re not honorable people.

      • ✿❀❁ Tigerlily ❁❀✿

        HELLO DOC! How are you Luvvie? Hope all is well! Came out to play for a bit. Missed you all.

        • Hiiiiiiiiiii my lovely, talented, sweet, snarky T-Lily! We all missed you tons!!!! This place is not the same without you 🙁

          • ✿❀❁ Tigerlily ❁❀✿

            Awwww. shucks! Thanks Sweetie! MWAH!!!! Missed you sooo much!
            Got tons of unused snark saved up in my system! Needed to come get some relief here with my fambly at AAtT before I lose my mind! LOL!

          • Hahahahaha! Let the snark rip!!!! ♥︎ (((hugs))))

  • Vince Foster, Jr.

    Do you really think she is trying to sell her house? NO EFFIN WAY. She is trying to invoke sympathy.

    She can’t sell her house, she only has about $100,000 in equity. She would need another loan. She couldn’t even afford a $150,000 hose. No one would give her a mortgage.

    I think that the bank will foreclosure if she stops paying the mortgage.

  • She Stinks!

    Hope the IRS or bank seizes it and they have to move into a tacky rental. I’m sure Juicy wants a nice place so he can entertain the HO train that will be moving on through while Tre is up the river. Juicy can’t wait to be rid of her for a while. It will be one big party filled with booze and tramps!

  • Babson_Chick

    Interesting!! Maybe one of her biggest fans (Leopard Man) or whomever will buy it – but they’re probably broke too after buying all her products. Do they have trailer parks in their area??

    • Hahahaha! Leopard Man is some piece of crazy. His blind admiration, scare me. YIKES!

  • TartLemon

    Teresa is treating prison like sleep away camp where she can call, leave for day passes or go home if it turns out to not be suitable to her tastes. These 3 months were given for her to settle the family in downsized lifestyle before incarceration. NOT to live like nothing has changed. Not a damned thing Teresa can do from the sequestered lock up of a prison cell.

    Teresa WILL get the reports of her children sitting on the curb because of foreclosure or sale of the home. OOPs, Teresa, you had your chance.

    • Dave

      I have a feeling she will serve her 15 months then he will run to Italy since they have no extradition treaty with the USA.

    • MorningYawn

      If she would have downsized the family, that would have meant she would have had to DEAL. I can’t imagine the horror of a delusional person made to deal… so she didn’t and now someone else will have to be their for her kids to help them grieve the loss of their lavish lifestyle, the taunts at school because of the downsizing…. parenting 101 right there. No way Joe is equipped to handle that.

  • Dave

    I guess this is what happens to tax cheats. Interesting how she wants to take her daughters to prison with her. I wonder what kind of learning experience that would be for them? And what kind of mother wants to bring her daughters to prison with her?

    • Marsbars09

      Tre is such a narcissist it’s not even funny. She wants her daughters to live in prison with her, seriously?

  • Raine Woman

    Awww, let me see if I can well up a little empathy…………hold on, I’m trying………Nope, Nothing!!!!

    Talk about a bitchy resting face (pic)!

    • nan/4

      Hahahahahahhaahaaaa!!!!!! :-))

      • nan/4

        I’m STILL laughing! LOLOLOLLLOLLLL!!!! You’re so funny!!!!!

        • Raine Woman

          Morning, Lefty! How are you today?

    • ✿❀❁ Tigerlily ❁❀✿

      Oh Raine. I just laughed so hard & so loud at that I terrorized the cat! I am rolling here!

      • Raine Woman

        Hey Tiger! Nice to see you’re back from the missing. The comment section just isn’t the same without your serious and profound take on things.

        Hope you’ve been well and are enjoying our first SNOW! 🙂

        • ✿❀❁ Tigerlily ❁❀✿

          Hello Rainey! How are you? Hope everyone is well. Aww, thanks. I missed you guys. Don’t have a chance to pop on often, most times everyone is gone by the time I get here. Le sigh! *Le sad!
          But so glad to catch up & say hi.
          Profound? Me? LMBO! More like bat-shit crazy!
          http://media3.giphy.com/media/nEXmNl3uha5YA/200.gif

  • MorningYawn

    I find it interesting that they drop the price or make any proactive move (other than listing it) until a time (now) when she would still get to live there for ever single minute before she is incarcerated, even if they sold it today. Miss thing does not want to live anywhere else for one single second. I think she will miss that disgusting house more than her kids… and definitely more than her husssssband.

    • Norrth

      ICAM! I don’t think she gives a damn that not moving right now means that her girls will have to deal with her loss and then deal with losing everything else. Transition them somewhere now and let them get use to a new home… nope. That would require a move that puts the children, first. I wonder if she made arrangements for the storage of her clothes and shoes.

  • Norrth

    Some tool must have convinced them that “fans” will fight to live in the “luxurious” Giudice manor… anyone who wants it can get it for a steal when she goes to prison. They won’t be able to keep that house with no money.

  • September24

    I still hope it sells for more than the Beaver Mansion and Jacoholic’s house.