Drama at Paris' Pad

TMZ has learned the house did not appraise for the sale price. Although there are reports it went into escrow for $4.2 mil, Paris' realtor, Mauricio Umansky from the firm Hilton & Hyland, tells us the purchase price is just under that amount.

Umansky, Paris' uncle, acknowledged the highest appraisal the buyer got was $3.6 million. Here's where it gets kind of interesting: Umansky says the purchase price includes furniture and chandeliers totaling between $600,000 and $700,000. He said one chandelier is made by Baccarat -- and only 12 were made. That piece alone is worth 40K.

Umansky says the buyers, a married couple from Texas, will pay the agreed-upon purchase price. He says they're paying mostly cash -- the loan is for $1 million. As a result, Umansky says the appraisal doesn't really mean squat. Umansky tells us the couple will get the keys next week.