Couple Cut LA Home Price: Sarah Michelle Gellar and Freddie Prinze Jr. trim ask; $9.95m tag after $550k cut

Sarah Michelle Gellar and Freddie Prinze Jr. have reduced the asking price of their longtime Los Angeles family home by $550,000, just three months after putting the property on the market. PEOPLE first reported the price cut, while Realtor.com provided additional details on the sprawling Mandeville Canyon residence. The couple has now lowered the asking price to $9.95 million, down from the $10.5 million price tag attached to the property when it was listed in May. The reduction came on Aug. 24, according to property records cited by PEOPLE. Gellar and Prinze bought the home in 2013 for $6.1 million, meaning the latest asking price is about $3.85 million higher than what they originally paid, before accounting for the cost of ownership, upgrades and other expenses over the years.A six-bedroom family home in Mandeville CanyonThe property is located in Los Angeles’ sought-after Mandeville Canyon and spans roughly 7,300 square feet. PEOPLE describes the residence as having six bedrooms and six bathrooms. The discrepancy appears to stem from differences in how the rooms are classified in the listing materials.Designed in a Hamptons-inspired style, the house combines expansive interior...