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E-mail StoryCalifornian exclusive: Crisp’s former Seven Oaks mansion listed for $1.17 million
| Monday, Apr 14 2008 3:50 PM
Last Updated: Monday, Apr 14 2008 5:34 PM
An opulent Seven Oaks home, one of the most recognizable symbols of real estate agent David Crisp’s rise and fall, was listed for sale Monday for $1.17 million.
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The Seven Oaks mansion that used to be owned by David Crisp has been sold for $1.2 million, according to the Bakersfield Multiple Listing Service.
The pool behind the Seven Oaks mansion.
The master bathroom in the Seven Oaks mansion.
The foyer of the Seven Oaks mansion.
The inside first floor of David Crisp's Seven Oaks mansion that was foreclosed on last year has been put back up for sale by the bank.
The kitchen.
The media room on the first floor of David Crisp's Seven Oaks mansion that was foreclosed on last year has been put back up for sale by the bank. Crisp paid $2.2 million for the more than 6,000-square-foot home. It was listed for $1.17 million Monday.
By early afternoon, current owner, HSBC Bank USA, N.A., a Delaware company, had already accepted an offer on the 6,666-square-foot home, according to the real estate agent handling the sale, Carol Burrell.
Burrell declined to identify the buyer or to state the amount offered.
Crisp, 28, paid $1.7 million for the four-bedroom, 3.5-bath house at 10509 New Quay Court less than three years ago. When it was foreclosed on in December, he owed at least $2.1 million in loans borrowed against the home, county records indicate.
Crisp could not be reached Monday.
The New Quay home was one of 13 Bakersfield sites searched by federal agents in September as part of an investigation into the former Crisp & Cole Real Estate agency and its ex-principals, Crisp and Carl Cole, 60. At the time, FBI agents were photographed walking past the Italian cypress trees flanking the front door.
No charges have been filed in the ongoing FBI investigation.
The home, which sits in a gated enclave of Seven Oaks, features a wood-paneled study, three fireplaces and a media room.
The interior was in decent shape Monday, although the wood floors were scuffed, and the carpet was stained in several rooms.
The New Quay house is one of at least 88 foreclosed properties linked to former Crisp & Cole agency employees, family members and associates as of mid-March, according to an ongoing Californian tally.
As of last month, more than $69 million worth of loans borrowed by Crisp & Cole associates had gone bad, according to the ongoing tally.
Crisp and Cole, along with three employees, were also named in a complaint by the California Department of Real Estate alleging they deceived lenders to obtain home loans.