Why Rosie O’Donnell CAN’T SELL her New Jersey Mansion

Rosie O’Donnell is trying for a third time to unload her mansion in Saddle River, New Jersey. This time, she’s willing to take a loss on the English country manor she bought for $6,375,000 in 2013. At present, it is listed at $6 million, the same amount O’Donnell listed the property for in 2018.

The five-acre property features a six-bedroom home with a formal dining room and living room, a large kitchen with double islands, and a master suite with a full sitting room, walk-in closet, and en suite bathroom. The property also features a family room with a pub-style bar, a screening room, and a guest house, and can be powered by gas generator in case of emergency.

O’Donnell has been unloading east coast properties for a while now, but this home seems particularly difficult to sell for some reason. O’Donnell sold three of five adjoining properties in Nyack, New York, for a total of $8.6 million between 2001 and 2008 and a West Palm Beach property for $5 million not long after.

The issue with the Saddle River property could be, in part, that the county in which it is located has the 18th-highest property taxes in New Jersey, a state known for heavy taxes. The average property tax bill in Saddle River is more than $17,000 annually, and a second home valued at more than $6 million is likely to bring in a much higher tax bill.

“It’s been hard to sell [houses] with an enormous tax [that is] double what it should be,” One local builder explained.

He was not specifically referring to O’Donnell’s house but describing a similar situation in the over-taxed county. The builder in question blames property taxes for his inability to sell a mega-mansion worth $33 million that he completed in 2013[1].

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[1] https://www.northjersey.com/story/news/bergen/alpine/2020/01/24/alpine-nj-33-million-stone-mansion-unsold-decade/4547452002/

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