NBA's Allen Iverson Can't Sell His Home
NBA hotshot Allen Iverson may be living the highlife, driving around town in expensive cars, eating at the finest restaurants and shuffling past long lines at the hottest night clubs. But even superstars are feeling the pains from one of the worst housing slumps in U.S. history. According to The Wall Street Journal the Denver Nuggets guard has been struggling to sell his home in Villanova, PA, for a year now. The Wall Street Journal's Private Properties column first reported on it last year. Now a year later the same column reveals that Iverson has dropped the price on the 14,000-square-foot-home to a desperation price of $3.9 million. The former Philadelphia 76er shelled out $5 million for it in 2003 and originally listed it for $6.3 last year.
The home entails
According to the listing, this modern chateau encompasses 14,000 square-feet of award-winning design. It's nestled on four acres of meticulously arranged landscaping and boasts a pool house, stream and cascading waterfall. The home is a haven of tranquility with four complete levels of lavish appointments, beginning in the foyer and great room, which are adorned with floor-to-ceiling Palladian windows, custom rail work and breathtaking moldings.
French doors and soaring ceilings throughout the property lend drama and grace. The master suite boasts his and her floor-to-ceiling marble baths, coffee bar, media area, marble fireplace and slate veranda overlooking the grounds.
Four additional ensuite bedrooms are custom designed to meet the highest standards. Separate guest quarters features living room, bedroom and kitchenette. The entertainment level boast 12-seat movie theater, billiard room, lounge with custom wood-carved bar accommodating 200-plus wine bottles. This main line estate is designed for connoisseurs of fine living.
Misery loves company
Iverson isn't the only NBA star having a rough time getting his home sold. Rasheed Wallace, the Detroit Pistons forward, lowered the price of his Portland, OR, home to $4.9 million from $5.2 million. He played with the Portland Trail Blazers before signing a six-year deal with the Pistons. Wallace's 5-bed, 5-bath Tudor-style home sits on more than two acres of land. Wallace purchased the property in 2000 for about $3 million, according to The Wall Street Journal.
I guess while money can buy you anything, it can't sell your home.
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