Jen & Brad Cut Price of House

02/24/2006 at 08:00 AM EST

Jen & Brad Cut Price of House
Jennifer Aniston and Brad Pitt
Ethan Miller/Reuters/landov; INFGoff

Brad Pitt

Brad Pitt

Though Brad Pitt's publicist shot down British press reports this week that the star and ex-wife Jennifer Aniston had settled the division of their marital estate, the couple have slashed the asking price of their former Beverly Hills home together, from $28 million down to $24.95 million, reports the Wall Street Journal.

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The vintage 1935 French Normandy-style house, which sits on 1 1/3 acres, has five bedrooms, and nine bathrooms, and went on the market in October – the same month that the couple's divorce became final after 4 1/2 years of marriage.

Jen & Brad Cut Price of House| Brad Pitt, Jennifer Aniston

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The newspaper says Pitt and Aniston will share the proceeds from the sale.

They had purchased the residence in 2001 and spent three years on renovations that include a screening room and pub, and ended up living in it for less than two years.

Pitt is now expecting a baby with Angelina Jolie and is in the process of adopting her two children, Maddox and Zahara. Aniston is keeping company with Vince Vaughn.

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