Encino, CA – Joe and Tina Simpson, the parents of Jessica and Ashlee, have put their Encino mansion back on the market yet again, though this time for a dramatically lower asking price than what was originally listed in October.
The Simpson mansion was just put back on the market for $3,595,000, which is considerably less than the $4,395,000 it was originally listed for back in October. The 1.5 acre estate on which the Simpson mansion sits is at the heart of a guard gated community of 19 similar mansions in Encino’s Royal Oaks.
Joe and Tina Simpson’s home was listed at the beginning of October. Around mid-October, the couple announced that they were getting a divorce, with much of the gossip alleging infidelity (and possibly a young, gay lover for Joe) as the primary reason.
“Tina realizes there’s a lot at stake in this divorce case, especially considering the financial earnings for her and Joe through their joint-management of Jessica and Ashlee,” a source told Radar. “But now the battle lines have been drawn and with Joe’s selection of attorney it just got a little more complicated.”
Either way, the Simpson mansion saw another drop by late October, suggesting a desire for expediency in the selling of their home.
Joe and Tina Simpson bought the mansions back in 2001 for $2.1 million, according to property records. The couple are originally from Texas, but decided to move to Hollywood as their daughters’ fame grew, and they moved into managerial positions.
Here are some photos of the Simpson mansion from Estately (you can view the full listing there as well):