Melissa and Joe Gorga list 3 houses, downgrading to NJ $ 900,000 pad
It looks like Joe and Melissa Gorga are working to get their finances in order.
The “Real Housewives of New Jersey” stars are selling three New Jersey homes they own after being demoted to a $ 950,000 Franklin Lakes pad, The Post reports.
The concurrent listings come seven months after the official sale of their longtime family home for $ 2.5 million in February, according to property records.
Insiders say it’s all part of a larger life plan.
“Melissa and Joe have had a house on the ground since they got married and are ready to move in,†a representative for the couple told The Post. “They are currently looking for property in the Hamptons and plan to spend their summer there in the future.”
Meanwhile, the announcements come months after the duo were accused of owing thousands of dollars to several employees who had worked for them, including their former realtor, Michelle Pais. But the Gorgas denied this, calling it a case of miscommunication.
However, the first of two Toms Rivers waterfront properties they listed has spent years on and off the market.
Toms River First House
The Gorgas first purchased this vacation home – consisting of three bedrooms and two bathrooms – in 2005 for $ 450,000. Although they have been trying to get rid of it for almost a decade, they have been unlucky.
In 2011, they attempted to sell the house for $ 520,000. But because they took out so many loans against the property, they still owed the bank about $ 1.5 million after interest during that time, according to the records.
The Gorgas have even attempted to rent the place a few times in the hope of having constant money.
Covering over 4,700 square feet, the home was last listed in May for $ 650,000. They gave the home a price cut last week for $ 540,000 after still being unable to attract buyers.
It might have something to do with the interior design of the house, which seems a bit outdated.
Toms River Second House
Their second vacation home in Toms Rivers was recently listed on September 7 for $ 2.9 million – the same day they gave their other property a price cut.
This ad is a bit more interesting, as they bought the house just two years ago – in July 2019 – for $ 975,000.
Comprised of seven bedrooms and five bathrooms, the home spans over 3,500 square feet and has been remodeled with all modern finishes.
Outdoor amenities include a large inground pool on a double lot with 165 feet of water views on the Bayfront.
Investment property in Paterson
The lot they bought in 2018 in Paterson, NJ so they could build a townhouse. Swipe right to see a sketch of the townhouse.
A rendering of the townhouse under construction in Paterson, NJ.
Then there’s an investment property in Paterson that they bought in 2018 for $ 149,000. The Gorgas turned it over and the house was listed a month ago for $ 525,000. If they marked this sale, they would make a big profit.
While construction is still in progress, the house will consist of six bedrooms and three bathrooms.
New family home in Franklin Lakes
Meanwhile, the Gorgas bought a new family home in Franklin Lakes, which they closed on June 15 for $ 950,000, according to property records.
Although the original house consisted of five bedrooms and six bathrooms, Melissa revealed that they plan to deconstruct the property and design a new house on the land to their liking.
Additionally, real estate records show they took out another $ 500,000 loan to build the house, bringing the total costs to $ 1.44 million.
The property will be located on nearly 1.5 acres of land, located in the community of West Gate Urban Farms, The Post has learned.