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There’s a trust with $32 million in Iverson’s name, of which he draws $1 million in interest each year. All Rights Reserved. Thank you for subscribing! In 2013, Iverson lost his then Atlanta-area home to foreclosure after he’d purchased it in 2009 for $4.5 million, according to the Atlanta Journal Constitution. Before he … He had bought the property for $2.19 million in 2006. Colorado, where Iverson lost his $3.87 million Cherry Hills mansion to the bank, Peter Vecsey, then of the New York Post, reported that Iverson’s $250 million earned in salary and endorsements, Chris Bosh Lists Pacific Palisades Mansion for Rent, How to Carve the Best Pumpkin on the Block, Regain Your Garage: Simple Tricks for Getting Organized, How to Create Your Ultimate Outdoor Kitchen. Allen Iverson’s daughter Tiaura Iverson is 21 years old now, and she is a problem in these Atlanta streets. Just look at the marketing pitch being used now to sell the 6-bedroom, 9-bathroom house at 675 W Paces Ferry Rd NW, Atlanta, GA 30327: Iverson defaulted on a $1.2 million mortgage, according to TMZ. This is hardly the first house Iverson has lost to foreclosure. He had far more success on the hardwood than in Atlanta real estate, but you can't say the baller hasn't had plenty of practice. Please be sure to open and click your first newsletter so we can confirm your subscription. Will former NBA All-Star Allen Iverson’s real estate loss be a nice gain for one lucky Atlanta home buyer? For the best experience, please enable cookies when using our site. Located in the high-status “Country Club of the South” development, the house was sold at auction late last year, where the bank nabbed it for $1.5 million, according to public records. The bank says it gave Iverson a month to clear the debt, but he was unable to make the payments. Located in the high-status “Country Club of the South” development, the house was sold at auction late last year, where the bank nabbed it for $1.5 million, according to public records. Now the house is listed for $2.8 million, a $200,000 price cut since Jan. 8, almost exactly three years since Iverson’s house was first listed for sale back in 2010. Don't Neglect These 6 Maintenance Tasks—or Else, Debunked! Iverson’s daughter attended college in Atlanta and has grown up to be a beautiful young woman as well as a selfie Queen! The decor and fixtures could be easily updated, and the home's price tag leaves room for a remodeling budget. In 2011, he lost a $3.8 million home in Colorado, during his stint with the Denver Nuggets. Peter Vecsey, then of the New York Post, reported that Iverson’s $250 million earned in salary and endorsements wasn’t all blown or given to friends and family. The bank that recently took Iverson’s $4.5 million upscale suburban Atlanta house through foreclosure must think so. The prolific point guard has listed his ornate home outside Atlanta for … During his 14-year NBA career, punctuated with plenty of ups and downs, Iverson played for Philadelphia, Denver, Detroit, and Memphis. The bank that recently took the former NBA All-Star's upscale suburban Atlanta house through foreclosure has listed it for $2.8 million. Allen Iverson made over $200,000,000 during his NBA career, and now it’s all gone. A list of our real estate licenses is available, Allen Iverson Loses Colorado Home to Foreclosure, Iverson’s $4.5 million upscale suburban Atlanta house through foreclosure, 675 W Paces Ferry Rd NW, Atlanta, GA 30327. turned down a spot on the Dallas Mavericks’ developmental team. READ MORE STORIES ON BLACKAMERICAWEB.COM: GET THE HOTTEST STORIES STRAIGHT TO YOUR INBOX: Copyright © 2020 Interactive One, LLC. He is currently making noise about wanting to finish his career in the NBA, but he turned down a spot on the Dallas Mavericks’ developmental team. How could an NBA superstar, one of the best to play his position go from being a multi-millionaire to scrapping for change to […] Iverson purchased the seven bedroom, eight bathroom home for $2,190,000 in 2006, which boasts a two story living room, a media room and a pool area. 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Feels like a dog’s age since we’ve been down to the Wells Fargo Center. NBA legend Allen Iverson has priced his Alpharetta, GA, mansion to sell. The former NBA star paid $2.19 million for the place more than … It looks like Cookies are disabled in your browser. Iverson lost a different Atlanta-area home to foreclosure in 2013. If you wish to report an issue or seek an accommodation, please, Zillow, Inc. has a real estate brokerage license in multiple states. “A six foot guard, from Georgetown University… number three, Allen, IIIIIIIversonnnnnnnn.” That’s how Matt Cord would do the intro, if I remember correctly. Allen Iverson’s former Georgia home, which he lost to foreclosure in 2017, has sold for $725,000. This site is protected by reCAPTCHA and the, Sorry, we were unable to share this article. The home's European aesthetic is apparent in the many columns, lovely molding, baseboards, and woodwork. For the better part of the last 20-plus years, the longtime Philadelphia 76er and former Georgetown Hoya has been in the spotlight for his on and off the court activities. NBA legend Allen Iverson has … Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home', Selling Your Home? Almost every room is painted a different color, and the carpet has a few spots. Built in 2005, the seven-bedroom, 7.5-bathroom home is a slam dunk for someone who wants to host large gatherings. So much of Iverson’s stock has fallen since then it’s tough to keep track of his fall from superstardom. A few years back, Iverson was blasted by an Atlanta judge for being a horrible parent. According to the website, Wells Fargo sued Iverson to foreclose on his Alpharetta, Ga. mansion last year, claiming he missed payments on his $1.7 million mortgage and went into default. Allen Iverson has lost his Georgia mansion to foreclosure, Bossip reports, marking the second home he’s lost in five years and the third since 2011. NBA legend Allen Iverson has priced his Alpharetta, GA, mansion to sell. Basketball Hall of Famer Allen Iverson is one of the most iconic figures in basketball history. The prolific point guard has listed his ornate home outside Atlanta for $1.14 million. However, despite a messy breakup with his wife and his quest to get back to the NBA, reports have surfaced that Iverson may be short on cash but solvent in the long term, thanks to a trust account set up for him by an adviser who sought to protect Iverson from his to-the-limit spending habits. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting a Mortgage, 6 Reasons You Should Never Buy or Sell a Home Without an Agent, Difference Between Agent, Broker & REALTOR, Real Estate Agents Reveal the Toughest Home Buyers They’ve Ever Met, The 5 Maintenance Skills All Homeowners Should Know, Click for complete coronavirus coverage from realtor.com, Chris Paul Dribbles His Way Into a Megamansion Outside Houston, Former Miami Heat Star Chris Bosh Lists Florida Mansion for $18M, LeBron James Buys Again in Brentwood, This Time for $23M, We’re Spellbound by These 5 Cozy Kitchen Design Ideas From Instagram, Christina Anstead and Tarek El Moussa, Together Again, Washington Nationals Star Max Scherzer Selling $15M Virginia Mansion, 9 Home-Buying Costs Veterans and Active Military Should Keep in Mind, 7 Simple Renovations To Coronavirus-Proof Your Home. The couple later reconciled, and Iverson lavished praise on her during his 2016 Basketball Hall of Fame induction speech. ): Allen Iverson Ready to Sell Georgia Mansion at a $1M Loss. Just look at the marketing pitch being used now to sell the 6-bedroom, 9-bathroom house at 675 W Paces Ferry Rd NW, Atlanta, GA 30327 : The listing pictures show that the home needs plenty of TLC and some updating. After an Atlanta judge finalized the foreclosure order last month, the property is now on the market for $1.1 million, according to Zillow. How? Over 60% of NBA players go broke after retirement, but Allen Iverson’s case is the most extreme. Allen Iverson House & Property (Allen Iverson House Address? The dollars and cents that go into moving vary greatly depending on a number of factors. The bank that recently took Iverson’s $4.5 million upscale suburban Atlanta house through foreclosure must think so. Click Follow Search to get alerts on new listings. ©1995-2020 National Association of REALTORS® and Move, Inc. All rights reserved.realtor.com® is the official site of the National Association of REALTORS® and is operated by Move, Inc., a subsidiary of News Corp. Becky Bracken is a journalist covering celebrity and other notable real estate for realtor.com. Get quick and easy access to your home value, neighborhood activity and financial possibilites. Have questions about buying, selling or renting during COVID-19? There's also a formal dining room, spacious kitchen, pool area, workout room, media room, and entertainment space with bar. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. The same plight took place in Colorado, where Iverson lost his $3.87 million Cherry Hills mansion to the bank. According to Curbed, Iverson claimed his then-estranged wife bought the home without his knowledge to place him under financial stress. Iverson purchased the seven bedroom, eight bathroom home for $2,190,000 in 2006, which boasts a two story living room, a media room and a pool area. Relationship status aside, Iverson is hot to pass this home to a new buyer, dishing up a golden opportunity for a buyer looking for a huge, formal Atlanta mansion at a bargain price. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests.

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