They say it’s a buyer’s market, and if you’re in the market for a mansion in the Chicago area, Michael Jordan may have just what you need–at a discount!
His Highland Park mansion is on sale for $21 million, that’s $8 million less than the original asking price. Why the drop in price? Well, the house has been on the market for 17 months without a sale and Jordan, who’s looking to downgrade the amount of properties he owns, dropped the price to encourage the sale.
If that isn’t enough to encourage a buyer, consider this: according to USA Today Sports the home boats:
three climate-controlled garages that house 15 cars, a pool with a sculpture design that looks like a Washington D.C. monument, a putting green that certainly hasn’t been the site of 3 a.m. putting contests for $300,000, a three-bedroom guest house and bars, both dry and wet.
There’s also a basketball complex with complete with high-grade high intensity lighting, which sounds about right for the home of an NBA legend.
So what does that look like monthly? Well, not bad if you’ve got six figures in your bank account each month. According to USA Today Sports, with 20% down and a 30-year fixed mortgage, the monthly payments for the property are north of $100,000.
Your Jersey Girlfriend,