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Buying a house of ‘Home Alone’ or John Lennon fame? There's a premium for that

Buying a house of ‘Home Alone’ or John Lennon fame? There's a premium for that

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A number of famous homes are for sale. They include the houses in “Home Alone” and “Full House,” as well as properties owned by Beatles member John Lennon and Yoko Ono, and actor Paul Reubens, known for his character Pee-wee Herman. Renowned homes typically fetch a price premium, according to luxury real estate agents. Wealthy buyers who view the homes as collectibles are generally willing to pay anything, they said. The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images

An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree.

However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything to own a piece of pop culture, according to real estate experts.

“It’s like owning a Picasso” or a Fabergé egg, said Tomer Fridman, a real estate agent based in Los Angeles who specializes in luxury and celebrity homes.

“You’re buying something that’s super unique and something that is very rare,” he said.

Buying for ‘Hollywood cachet’

Among recent notable listings: The Victorian home depicted on the sitcom “Full House” hit the market Thursday in San Francisco for $6.5 million. Last month, the “Home Alone” house — the brick estate famously boobytrapped by character Kevin McCallister — listed for $5.25 million.

John Lennon and Yoko Ono’s first New York City home, a two-story SoHo loft, also hit the market for $5.5 million in May. The Los Angeles home of the late Paul Reubens, best known for his character Pee-wee Herman, is also for sale, for about $5 million.

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Luxury real estate prices recently hit a record high. The uber-wealthy are largely insulated from high mortgage rates since many can afford to make all-cash deals, according to real estate experts.

Famous homes generally command even loftier price tags than their market equivalents, those experts said.

Josh Altman, a luxury real estate agent in Los Angeles who is featured on the Bravo show “Million Dollar Listing,” estimates the premium can be perhaps 5% to 10% if the home

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The full article is available here. This article was published at CNBC Finance.

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