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Allen Iverson Foreclosure: See the $2.8 Million Atlanta Home Ex-NBA Star Lost
Posted on 2/7/13 at 9:13 pm
Posted on 2/7/13 at 9:13 pm
Former NBA star Allen Iverson isn't having a good week. First, a judge skewered him Tuesday for bad parenting skills, and now he's lost his giant Atlanta mansion to foreclosure. Iverson's nearly 10,000-square-foot home on Atlanta's exclusive West Paces Ferry Road had been on the market for $2.5 million, but it was sold at auction Tuesday back to Georgia Primary Bank, the Atlanta Journal-Constitution reported. Iverson built the home for $4.5 million in 2009 and lived there with his wife and five kids, but he and his wife recently divorced. A current listing on the house shows the asking price at $2.8 million. Allen Iverson Don't think this is the first time Iverson has lost a home to foreclosure. Back in 2011, when he was shooting for the Denver Nuggets, Iverson also lost his posh $3.875 million Cherry Hills, Colo., mansion to foreclosure after defaulting on the mortgage, according to the Denver Post. Luckily, a buyer had entered into contract to buy the home before Iverson defaulted, the Post said. Iverson's Atlanta home is quite the luxury estate, one you wouldn't expect to see on the auction block. The listing calls it "one of, if not the finest, private gated estates ever to become available in Atlanta." Iverson had sunk $4.5 million into building it with a custom bar, gourmet kitchen, master suite with "spa-like" bath and luxury accents such as copper gutters.
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Posted on 2/7/13 at 9:17 pm to East Coast Band
We talkin' 'bout practice?!
Posted on 2/7/13 at 9:27 pm to East Coast Band
I plan to put in an offer on this property next week. The layout is incredible.
Posted on 2/7/13 at 9:47 pm to East Coast Band
I bet that house looks like shite on the inside. It definitely looks ugly on the outside.
This post was edited on 2/7/13 at 9:48 pm
Posted on 2/7/13 at 9:58 pm to diddydirtyAubie
doubt it
Posted on 2/7/13 at 10:00 pm to JordonfortheJ
quote:
doubt it
I would be willing to bet that it needs $100K in renovations to not make it tacky on the inside.
Posted on 2/7/13 at 10:12 pm to diddydirtyAubie
The interior is viewable at the link posted in the OP.
Posted on 2/7/13 at 10:15 pm to diddydirtyAubie
100k? shite, it's probably closer to 500k. That probably is the main reason they couldn't sell it at auction.
ETA: It's not bad other than what looks like a half acre lot.
ETA: It's not bad other than what looks like a half acre lot.
This post was edited on 2/7/13 at 10:20 pm
Posted on 2/7/13 at 10:18 pm to 3xlsugrad
quote:
The interior is viewable at the link posted in the OP.
Yeah, it's pretty fricking sweet.
Posted on 2/7/13 at 10:20 pm to CatFan81
2.8 million? Mike the Tiger is not impressed.
His cost $3,000,000
His cost $3,000,000
Posted on 2/7/13 at 10:22 pm to 3xlsugrad
quote:
The interior is viewable at the link posted in the OP.
I clicked the link. It's not a gaudy as I thought it would look...not a bad.
This post was edited on 2/7/13 at 10:23 pm
Posted on 2/7/13 at 10:46 pm to 3xlsugrad
for some reason I couldn't post photos of the inside of the house from the link.
Posted on 2/7/13 at 11:01 pm to diddydirtyAubie
quote:
I bet that house looks like shite on the inside
It's actually pretty nice. You gotta think his ghetto arse stashed at least 3 or 4 million under baseboards somewhere in there and forgot where he put it.
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