Allen Iverson's House for Sale
For sale: Allen Iverson's six-bedroom home in Villanova, PA
Unbeknownst to me, Denver Nuggets guard Allen Iverson has been looking to sell his 14,000 square foot home in Villanova, Pennsylvania for over a year now. (A.I. usually calls me about such matters. I thought I had his financial ear.)
According to the Wall Street Journal's Private Properties column, Iverson has dropped the price to a "desperation deal" of $3.999 million — a million less than he paid for it in 2003. (/crunches numbers on calculator watch.) Yep. That's not good business. The details, via Luxist:
The six-bedroom home is on four acres that include a pool house, stream and waterfall. The chateau-style home on Chateau Lane has four levels including a great room with floor-to-ceiling Palladian windows. The master suite has his and hers marble bathrooms, a coffee bar, media area and a veranda overlooking the grounds. There are four additional en-suite bedrooms and a separate guest quarters with a bedroom, living room and kitchenette. The entertainment level has a 12-seat movie theater, billiard room, and a lounge with a custom wood carved bar accommodating 200+ wine bottles.
If you're interested in purchasing this perfect little getaway pad, you can check out the listing here.
If you're seriously interested in purchasing this perfect little getaway pad, I could really use a new winter coat. Please share your riches. I accept Paypal.
For the past five years, mortgage rates have been low. Therefore, most homebuyers are choosing fixed rate mortgages. However, adjustable rate mortgages continue to be popular because they offer initial low rates. While tempting to choose an adjustable rate, it is important to consider the risk. If your mortgage loan does not include a fixed rate, when mortgage rates begin to rise, this will affect your monthly mortgage payment. To avoid sudden surprises in the future, avoid the temptation of acquiring a cheap rate, and choose a fixed rate mortgage.
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Hi,
The MBA (Mortgage Bankers Association, for the uninitiated) began putting out the refi index in 1990, responding to investors' requests for more data on the short-term prepayment outlook. This took on greater urgency in the late 1980s, after the creation of "stripped mortgage-backed securities." The refi index is part of the MBA's weekly application survey. On a weekly basis, a select group of lenders sends in the count and dollar value of all loan applications taken for the prior week, broken out for conventional and government-backed programs. Lenders also send other data, such as the percentage of loans taken for refinancings and for adjustable-rate loans. The indices are then generated using the data supplied by the lenders.
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Thanks for interesting article. I will take into consideration.
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thanks for this nice info.
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If the price goes down to $1M, I'm buying it.
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That's probably the service he payed for. Dropping the price form $5 million to $4 million is a lot, he can't hope now for a better deal, the least he can do is to get his Realtor to do his job.
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I do believe that the bureaucrats read all the legislation but most of them pick and choose bits and pieces of information that they can debate on to make their point supporting their point of view. I do not see that numbers are being assessed with the kind of examples that you have provided. That really is how it should be done but sadly, i don't see that they will bring forth the same kind of outcomes.
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This article gives the light in which we can observe the reality. this is very nice one and gives in depth information. thanks for this nice article Good post.....Valuable information for all.I will recommend my friends to read this for sure
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Mortgage rates are low but still its really hard to buy a house on mortgage as no one knows when you will lose your job
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Great blog, this could be the best blog I ever visited this month. Never stop to write something useful dude!
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There are numerous pitfalls when selling a home in the current market. For instance, one might think that a sale is imminent, and the buyer has agreed to a price but then around come the valuer from the lender and down value it. The buyer cannot get the mortgage, and pulls out of the sale. To avoid such situations, people sometimes look around for national homebuyers who buy properties for cash quickly.
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hey Larry , you do have a great posting sense, thats great ! just keep it up.
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thanks for sharing great information. this very useful for all
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That's nice to read you blog as you continually provide great contents not seen on other site. Keep it up your site visitors will love your site a lot.
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