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Former Hollywood Home of Groucho Marx Sells for $3.81 million

The Los Angeles house sold for slightly less than its asking price

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The onetime Hollywood, Los Angeles, home of Groucho Marx has sold for $3.81 million to a buyer from Texas, according to property records.

That’s some impressive price appreciation from the time the television, radio and film star last lived there in the 1940s. Marx sold the property in 1949 for a mere $35,000, The Wall Street Journal reported when it hit the market in June.

The most recent seller, a company called The Crest Group LLC, put the home up for sale just seven months after buying it for $3.45 million, property records show. The company originally wanted close to $4 million for the house but ended up closing for slightly less two weeks ago, selling to a husband and wife from Houston, Texas.

The 3,700-square-foot home, built around 1935 and which recently underwent a Regency-style renovation, has four bedrooms and five bathrooms. The main house sits on around one-quarter of an acre, which encompass a swimming pool with waterfall and hot tub and brick-paved terrace, according to the listing with Juliet Zacarias of Sotheby’s International Realty. Ms. Zacarias did not immediately return request for comment.

Jason Woodruff of Keller Williams represented the buyer.

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The traditional-style house with a steep sloping roof and dormer windows has an attached garage and is surrounded by a privacy hedge, photos of the home show. The master suite has two bathrooms, a walk-in closet and an office with its own balcony.

The first floor has a living room with a fireplace, a dining room and wet bar, and an open kitchen attached to a media room with double glass doors out to the backyard.

The Los Angeles Times first reported on the sale.