Crisp and Cole

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CALIFORNIAN EXCLUSIVE: Former Crisp mansion sells for $1.2 million

| Wednesday, Apr 30 2008 7:23 PM

Last Updated: Thursday, May 1 2008 8:27 AM

Real estate agent David Crisp’s former mansion sold Friday for $1.2 million, according to the Bakersfield Multiple Listing Service, which indexes properties for sale.

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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.

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The pool behind the Seven Oaks mansion.

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The foyer of the Seven Oaks mansion.

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The master bathroom in the Seven Oaks mansion.

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The kitchen.

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The sale price was about $500,000 lower than what Crisp, 28, paid for the 6,666-square-foot Seven Oaks home less than three years ago.

When it was foreclosed on in December, he had borrowed at least $2.1 million against the property.

HSBC Bank USA, N.A., a Delaware company, put the repossessed house up for sale April 14, and had a buyer the same day.

The sale was finalized Friday, according to the listing service.

Crisp and his ex-business partner, Carl Cole, 60, have been linked to dozens of foreclosed properties, an ongoing Californian tally shows.

The pair are being investigated by the FBI, but have not been charged.

Cole and Crisp are also named in a state regulatory complaint alleging fraud. An administrative trial to hear those charges is scheduled for Bakersfield this summer.

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