As Jennifer Lopez and Ben Affleck’s divorce moves full steam ahead, it’s become apparent that they will still need to maintain their household while awaiting the sale of their Beverly Hills mansion.
Lopez, who has a reputed net worth of $400 million, filed for divorce from Affleck, who is worth a estimated $150 million, on Aug. 20. The couple had been separated since April and placed their home on the market in July for $68 million. And as divorce rumors picked up steam, Affleck purchased a Los Angeles condominium in July for $20 million.
Lopez and Affleck split comes just after purchasing their Beverly Hills residence in May 2023 for $61 million. Yet as Lopez and Affleck move forward with their divorce, they still need to manage the expenses associated with their marital home.
More than A Mortgage: Mansions Come With A Hefty Price Tag
When Lopez and Affleck were purchasing their marital home, they needed enough space to fit their blended family which included five children. Sitting on more than five acres, the 38,000-square-foot home fit the bill. With 12 bedrooms and 24 bathrooms, there was more than enough space to meet their family’s needs while also providing space for guests.
But how much does it cost to keep their estate intact?
According to Realtor.com, it costs Lopez and Affleck an estimated $283,666 monthly to maintain their home. From the property taxes, mortgage, electricity to gas, and homeowner’s association, the expenses associated with the property are extensive.
Property records obtained by Realtor.com found that Lopez and Affleck purchased the home through a trust and took out a $20 million mortgage. Monthly payments on the property are expected to be close to $200,000. In addition, the property taxes on the estate are estimated to be $476,000 annually — or about $40,000 monthly.
And that’s not all: the costs associated with protecting the property are also steep — estimated to be $28,000 monthly. The electricity bill is no small sum either, ranging from $3000 to $10,000. With amenities such as a heated pool and spa area, landscaping, along with laundry and dishwasher usage generates a water bill of at least $1000 every month. And let’s not forget the need for gas. Between the stove, outdoor grill and firepit, fireplaces, laundry rooms, and several hot water heaters, it is expected that the bill could range between $500 and $3000.
The light at the end of the tunnel: the HOA (homeowner’s association) fees are $667.
