Photo: Realtor.com Photo: Realtor.com Image 1 of / 1 Caption Close Image 1 of 1 Photo: Realtor.com ‘The Money Pit’ House Has Finally Sold—for a Price That Boggles the Mind 1 / 1 Back to Gallery Remember “The Money Pit”? You know, the 1986 movie with Tom Hanks and Shelley Long, who purchase a supposed bargain of a mansion, which proceeds to collapse under their feet? Well, it turns out that the real-life house from the film has officially lived up to its reputation, selling for a huge loss. The backstory: This 14,000-square-foot Colonial, located just outside New York City in the Long Island village of Lattingtown, was used for only the exterior shots—but that doesn’t mean the actual house was in good shape. Originally built in 1898, the house was purchased in 2002 for $2,125,000 by Christina and Rich Makowsky. While the couple no doubt knew the house was old and had heard of its ties to the infamous film, they figured the home’s flaws were mostly fiction—only to be proved wrong once they moved in. “We didn’t realize how bad it was,” Rich told the New York Times. “The house was falling apart when you went from room… Read full this story
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