How much did Robyn Brown’s house cost? How much do they owe?

We are continuing our scrutiny sister wives real estate coverage with a look at the financial figures of the house of Robyn Brown – aka Brownton Abbey.

In our previous article, we shared detailed information about the physical aspects of Brownton Abbey, including square footage, number of bedrooms, and more. In this article, we’ll use official property records to reveal how much the Browns paid out of pocket for the house, and also how much they owe.

For those of you who want quick and concise information, I’ll include a timeline at the bottom of the article that summarizes all the data.

How much did Robyn Brown’s house cost?

Kody Brown and Robyn Brown originally bought Brownton Abbey for $890,000 in August 2019. From our previous article:

The incredibly large purchase seemed a bit ill-advised given that the Brown family was hoping to start building on Coyote Pass. As is ALWAYS the case whenever a decision involving Robyn might not go down well with viewers, Robyn and Kody had a narrative that portrayed her as innocent and forced to go along.

Robyn was renting a big house and the owners decided to sell it. Robyn and Kody looked for another rental, but there were none (lol) available in Flagstaff. Robyn was ready to move 30 minutes out of town to a rental house she found, but Kody refused to stray that far from her children. As a result, the ONLY alternative the couple had was to buy a lavish $890,000 mansion in Flagstaff. (lol again)

“Buying this house makes me feel like I’m betraying my family and my children,” Robyn said during an emotional confessional, “because buying this house will actually delay us moving onto the property.”

According to property records, Kody and Roby took out a $667,500 mortgage in August 2019. That would mean the couple (and the rest of the Brown family?) put down a down payment of $222,500, which equals 25% of the price. .

If you’ve read our previous article on how much the Brown family paid for Coyote Pass, you know they needed $292,400 to pay for all the properties. So yes, buying Robyn Brown’s house seems to have delayed the family’s ability to pay Coyote Pass and change property boundaries so they could start building.

However, Kody and Robyn freed up some cash by taking out a home equity line of credit in April 2020. If you’re curious about what a home equity line of credit is, here’s a brief definition from Next Advisor (in partnership with Time):

A home equity line of credit (HELOC) is a line of credit secured by your home that you can use for anything. A HELOC works like a credit card in that you can continuously draw on the line of credit, up to the credit limit, during the drawdown period. You have access to the entire line of credit and can spend as much or as little as you want, and you’ll only pay interest on the amount you spend. This makes it different from an installment loan – like a home equity loan or personal loan – where you receive the full loan amount in a lump sum up front.

According to NerdWallet, “Most HELOC lenders will allow you to borrow up to 85% of your home’s value (less what you owe), although some have upper or lower limits.” Using this formula, Kody and Robyn were eligible to take out a loan up to around $190,000.

Kody and Robyn Brown’s second mortgage

It looks like Kody and Roby refinanced the property and got a new mortgage in November 2021, which is very different from taking out a Additional second mortgage. Property records show the couple took out the new 30-year mortgage for $548,250 on Nov. 30, 2021. That’s a decrease of $119,250 in principal in just over two years.

Along with the couple getting the new mortgage, they also took out another $130,000 home equity line of credit.

In December 2021, Kody and Robyn paid off their original mortgage and closed their initial HELOC.

The property records don’t show how much of the mortgage has been paid since December 2021. I guess it’s safe to assume that Kody and Robyn still owe over $540,000 on the mortgage, and what whatever part of the HELOC they used.

Brownton Abbey Financial Timeline

As promised above, here is a timeline of financial records regarding Robyn Brown’s home:

AUGUST 2019 – Kody Brown and Robyn Brown buy a 4,395 square foot house in Flagstaff for $890,000. The spouses put aside $222,500 and took out a 30-year mortgage of $667,500 for the remaining amount.

APRIL 2020 – Kody and Robyn take out a $150,000 home equity line of credit.

NOVEMBER 2021 – Kody and Robyn take out a 30-year mortgage of $548,250 on the property. At the same time, they also take out a $130,000 home equity line of credit.

DECEMBER 2021 – Kody and Robyn pay off their first mortgage after getting another one.

DECEMBER 2021 – Kody and Robyn secure their first home equity line of credit.

Asa Hawks is a writer and editor for Starcasm. You can contact Asa via TwitterFacebook or email starcasmtips(at)yahoo.com

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