Madelaine Petsch Buys $3.4 Million Hollywood Hills Home
Madelaine Petsch has become a household name, and you may know her as Cheryl Blossom from the CW show “Riverdale.” The actress, a South African citizen, was bullied as a child due to her South African accent, which she has managed to mask over the years. Thankfully, her efforts have been rewarding and have resulted in her breakout role, playing Cheryl Blossom. Being an actress has worked out for the best; the “Riverdale” actors are estimated to earn $40,000 per episode enabling Madelaine Petsch to buy a $3.4 million Hollywood Hills Home. Check it out.
More about the House
According to Dirt, the house was built in 1937. It has been renovated over the years to be the residence that took Petsch’s breath away. Throughout the house, both indoors and outdoors, is a white and black theme. It has three bedrooms, all upstairs, each being en suite with the master bedroom boasting of a soaking tub and dual closets. It also has a balcony with a spiral staircase leading to the backyard, where there are lounging and outdoor dining areas on the well-manicured lawn. There is a fire pit in the backyard, complete with a banquet seating area and lots of candles for a romantic evening. Although the residence doesn’t have a swimming pool, there are sun deck chairs whenever the actress wants to have a tan in the comfort of her home. Inside the house is a large kitchen fitted with Wolf and Sub-Zero appliances; it also has white cabinetry, a marble island, and a three-stool breakfast bar area. Petsch will catch her favorite shows on the flat-screen TV mounted on the wall in the living room, and no need to worry about having blankets within reach because there is a fireplace too. The actress must have a special love for wood because all the furniture, including the dining table, coffee table, and breakfast bar stools, is wooden. Besides, the living room has a wood-beam ceiling, and the house has herringbone oak flooring. The house is well-lit, thanks to the large steel casement doors and windows that will ensure the power bills are kept at a minimum. Most of all, the residence grants Petsch the much-needed privacy. In 2018, Daily Mail reported that the actress had to move from a house she had planned on making her home for the next ten months due to privacy issues. After only two days, she left the apartment, and although she didn’t get into the details, the situation was bad enough for her to prefer staying in a hotel as she searched for another apartment. With this newly bought house, the tall trees encompassing the compound and the state-of-the-art security system will give some her peace of mind.
She Paid More than the Asking Price
Petsch paid $3.38 million for the less-than-an-acre lot, but that was $300,000 more than the asking price. She was represented by Danielle Lavin, a Compass real estate agent specializing in representing sellers and buyers in the upmarket real estate market in Los Angeles, Bell Air, and Beverly Hills. Most sources believe that the actress paid a higher price because there was a bidding war. However, The Balance enlightens us on a few reasons that could make some buyers pay more than what the seller lists. For instance, Petsch could have wanted the house so much that she was willing to dig deeper into her pockets to get it. This explanation is the most logical because Petsch lived with a friend before getting her own place. After breaking up with Travis Mills in early 2020, she moved in with Joey Graceffa.
She admitted she was at an all-time low after splitting from her boyfriend of three years, and having a shoulder lean on seemed to be the only move. She said that she was happy to live with Graceffa until she found her own place, and now that she had found one, it was necessary to fight hard for it, even if it meant paying a little extra. Then again, in a neighborhood that offers the privacy that celebrities crave, the competition must have been stiff. If everyone else wanted to be in that house, the competition could have driven the price up. Hence Petsch decided to cough the $300,000 to guarantee that she got it for herself. She has always loved fully furnished houses, and most buyers prefer them too, therefore at the previously listed price, the house must have attracted lots of buyers, making it seem like it was under-priced. Those determined to have it pushed the price up until only one, Petsch, was left standing.
Why She Settled in LA
Petsch fell in love with Los Angeles, although she was scared before moving to the city. As she told Nickiswift, she had always heard about how LA residents are stuck up, unwelcoming, and have lots of attitude. However, when the actress moved to the city, she found out that people were very welcoming, and after living in LA for more than five years, she considers herself a local. She believes that if she ever settles in Venice Beach, she will never want to live anywhere else hence her decision to settle in Hollywood Hills. Her complexion also factored in her decision-making. Petsch said that she is a bit pale and the weather in LA is inviting. However, she rarely gets out in summer to avoid sunburns. Besides, since she is vegan, she had already found several spots to enjoy vegan delicacies, and her favorite is Sage that has three locations in LA. As a coffee lover, she doesn’t mind driving to Santa Monica, specifically to Fairmont Miramar, where her favorite coffee shop is. Since the actress also enjoys hikes, the Griffith Observatory offers the ideal getaway. Therefore, settling for her Hollywood Hills home was a well-thought-out decision that cost her $3.4 million.
