Reese Witherspoon [Photo/Agencies]

 

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Reese Witherspoon and Ryan Phillippe have sold the last property they owned together.

The former couple, who split in 2007 after seven years of marriage and have two children together, Ava, 14, and Deacon, 10, found a buyer for their shared duplex last month just 18 days after putting it on the market.

The divorced duo made a $266,500 profit from the sale, as they bought the property in Los Angeles for $1.17 million in October 2005 and sold it for $1.44 million property on January 17, according to real estate website Trulia.com.

The 'Cruel Intentions' stars apparently decided to hold on to the two-unit property through the real estate market downturn and listed it for $1.39 million in December 2013 after remodelling it.

Reese and Ryan are likely to have welcomed the good news as they both struggled to shift other properties recently.

The 37-year-old actress, who has a 17-month-old son, Tennessee, with her husband Jim Toth, recently sold her ranch in Ojai, California for $4.98 million after originally putting it on the market for $10 million.

The Oscar-winner decided to offload the lavish estate shortly after marrying Jim, who is Matthew McConaughey's agent, there in 2011.

While 'Lincoln Lawyer' star Ryan, 38, lost $1.17 million when he sold his mansion on the Sunset Strip in March 2013.