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OTRC: Britney Spears home where meltdown occurred sold for more than $4 million?

Britney Spears' Beverly Hills home that she bought in 2007. / Britney Spears taped an exclusive concert performance for 'Good Morning America,' from the Bill Graham Civic Auditorium in San Francisco, which aired on Tuesday, March 29, 2011. (Prudential California Realty / Rick Rowell)

Britney Spears is close to selling the Beverly Hills house she lived in during her infamous 2007 meltdown - for more than 110 percent of its estimated value.

The 30-year-old pop star bought the 5-bedroom, 6-bathroom Mediterranean villa for $6.75 million in January 2007, two months after she filed for divorce from Kevin Federline, the father of her two sons. In February of that year, she suffered a meltdown that that saw her shaving her own head at a salon (watch video).

In January 2008, following a rehab stint, Spears was committed to a Los Angeles hospital, where she spent about a week in a psychiatric ward, and was then placed under conservatorship. Her father has managed her financial affairs ever since.

The singer's Beverly Hills house has been put on the market at least six times since she bought it and she and her sons have lived in other homes throughout the years. The Beverly Hills villa was most recently relisted in early March for an asking price of $2.995 million, public records show. Property values in Los Angeles have declined amid the recent recession. At the end of the month, her house was listed again - for $4.46 million.

On Tuesday, April 24, a pending sale was announced. TMZ reported that Spears has accepted an offer of $4.25 million. Her reps have not commented. The estimated value of the property and land, according to 2011 records, is about $3.8 million.

The home is located in a gated community near Mulholland Drive. The more than 7,000-square-foot property includes a master suite with "his and hers baths," a kitchen with Viking appliances, a breakfast bar, a fireplace, a pool and spa and a three-car garage, according to the real estate listing, which dubs it a "conservatorship sale."

Spears made a career comeback after her meltdown and found love again. Earlier this month, her attorney filed a request at a Los Angeles court to have her fiance and former manager, Jason Trawick, become her co-conservator.

Spears is nowadays also making headlines over a reported deal to join "The X Factor," Simon Cowell's singing contest series, as a judge and mentor following the departures of Paula Abdul and Nicole Scherzinger earlier this year.

In March, it was reported that she had received a $10 million offer to take the job. Deadline.com reported on Tuesday that Spears is now poised to earn more than that and "the two sides are now headed for the final stretch after a big breakthrough over the weekend when major deal points were agreed upon."

Cowell told TMZ in a phone interview last week that an announcement is expected "soon."

"I would love to have her on the show," he said. "I think she would be a fascinating person to sit next to."

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