Allen Iverson's House for Sale

I saw this article on Yahoo today, lamenting the plight of 'poor' Allen Iverson, NBA star... Seems he bought his house in Villanova, PA - for 5 million dollars, and the market is so bad that he has had to reduce the price to 4 million....  My point, however, is, if he's paying a realtor anywhere near 6% commission (oh, say about $240,000), don't you think they could have come up with some better pictures???  There's a link to the actual RE listing below...


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.

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