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Samantha Agate is the Talent Guru here at Talent Recap. Her work has been featured at The Blast. Samantha graduated from Hunter College in 2019 with a degree in Media Studies and a Concentration in Journalism. When she isn't binge-watching reality television shows or binge-eating fried food, she loves hanging out with her friends and family and petting puppies.

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Simon Cowell is not letting his electric bike accident get in the way of his business ventures. The America’s Got Talent judge just recently purchased a new home from a familiar face. But why did he immediately sell the house right away?

Simon Cowell Took A Loss Selling Leona Lewis’s Home

Simon purchased former ‘X Factor’ star Leona Lewis’ Hidden Hills home in the prestigious area of Los Angeles. The pair maintained a great working relationship both on and off the show and have worked together numerous times. Though the pair mutually ended their partnership at Syco Records five years ago, there is no bad blood between them since The X Factor days. The off the market deal did not prove to be such a great money maker for Simon. He originally purchased the home for £2.9 million but sold it for a loss of £155,000 at £2.8 million. This converts to roughly $3.4 million that Simon initially paid for the home and a loss of around $183,636 when he sold the home.

SEE ALSO: SIMON COWELL HAS A SECRET TALENT AND IT’S MAKING HIM A LOT OF MONEY

Why was Simon willing to suffer such a monetary loss? It definitely seems like Simon was willing to give real estate a go and help out a friend in the process.”Whatever the reasons for his willingness to lose several hundred thousand dollars on the deal, listings held by Mark John Williams of Marquis Realty Inc. indicate there are five bedrooms and seven full and two half bathrooms between the approximately 4,900-square-foot single-story main house and detached guesthouse” according to Variety. The style of the home is very minimalistic and complete with giant walk-in closets. It also has a huge outdoor space for entertainment and gatherings with a swimming pool and a fire pit. Plus, the neighborhood is one that celebrities like the Kardashian’s boast about.

Simon Is Also Looking To Sell His LA Pad

Simon recently placed his Los Angeles bachelor pad on the market.  We have seen this house numerous times on shows like The X Factor during the judge’s home round. “Simon absolutely loves this house, and for a while, it was his dream home,” A source told The Sun. “But also it holds one too many showbiz memories. Now that he has a son and a long-term partner, he wants to lead a simpler life. [He wants to] create new memories not revolving around rock n’ roll, TV or parties.”

Simon and Lauren have been together since 2013 and it genuinely seems like Simon has settled into a more calm and quiet lifestyle in between jet setting all over the world for shows like America’s Got Talent and Britain’s Got Talent and recovering from his bike accident. It was not always so set in stone that the entertainment mogul wanted to settle down. He has an extensive relationship history which we talk about in the What’s Hot Video below. His relationship with Lauren definitely seems like something longterm as he is looking to make the Malibu house their forever home.

SEE ALSO: TAKE A LOOK INSIDE OF SIMON COWELL’S $24M MANSION THAT HE HAS BEEN LIVING IN DURING QUARANTINE WITH FAMILY

He recently sold his Beverly Hills mansion for $25 million in an off-market deal. This amount is well above what listing sites had valued the home at. It’s also three times what Simon paid for the house in 2004. 

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