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PERSONAL FINANCE

Ex-'West Wing' star's foreclosed home is sold

Mike Perrault, The Desert Sun
The William Holden house in Palm Springs had been owned by actress Allison Janney and restaurant consultant Gregg Rapp.

A sprawling two-story, multimillion-dollar steel-and-glass house designed by modernist architect Hugh Kaptur is being sold after Emmy-award-winning actress Allison Janney and a co-owner lost it to foreclosure.

Since the nearly 8,000-square-foot, five-bedroom house in Palm Springs, Calif., was priced at $2.25 million, it has received multiple offers despite the need for considerable renovation, said Steve Enlow, broker associate with Keller Williams Realty in Rancho Mirage.

"We've got a potential buyer, and an offer was accepted for them," said Enlow, who handled the listing for the bank. "It's just a beautiful home with unobstructed views."

At $2.2 million, the buyer will pay a little more than half the $3.9 million price Janney and restaurant consultant Gregg Rapp paid in 2006, according to Desert Area Multiple Listing Service records.

Allison Janney as C.J. Cregg.

Janney is best known for her role as C.J. Cregg on the TV series "The West Wing," but she has appeared in many films such as "American Beauty," "The Ice Storm" and "The Hours."

Architect Kaptur designed the house, which was built in 1977 for the late actor William Holden. He died just four years after the home was completed.

The property has been listed, de-listed and re-listed several times over the past several years, with an asking price as high as $5.5 million in March 2010.

The assessed value of the land and house was $3.6 million, according to the latest figures from the Riverside County assessor's office.

Louise Hampton, a broker associate who has handled many high-end homes in Palm Springs for Prudential California Realty, said homes in the prestigious Southridge Drive area have some of the best views in the valley.

Renowned architects such as William Cody and John Lautner are among those who've designed houses there. Some 19 estates there have been home to celebrities such as Steve McQueen and Bob Hope.

The house Janney and Rapp owned for about six years before it was repossessed is on nearly four acres. It includes a spacious master suite with a two-way fireplace, 36-foot-long walk-in closet and dressing room, a large foyer leading to a living and dining room area and long expanses of floor-to-ceiling windows and sliders.

It has a fully paneled library, a separate Balinese-themed media room, an eat-in kitchen and a gigantic lower level entertainment room with built-in wet bar.

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