Michael Jordan has struggled for three years to look for a buyer for his $14.9 million mansion in Illinois. However, the greatest basketball player of all time has grabbed a rebound and renewed a marketing effort to find a buyer for his 56,000-square-foot home which scored the top spot on this week's most popular homes.
According to Realtor, the property has been sitting on the market and until now, no buyer has been found. Maybe a new trick or an enticing video would be of big help to sell the mansion. Michael Jordan and the listing agent are looking for a new marketing strategy to push the property.
Speaking of notable names, the homes of bankrupt rapper 50 Cent and recently fired Dolphins coach Joe Philbin, were also included in the top 10 this week.
Outside the spotlight are two homes priced under $30,000. The first one is a 572-square-foot, two-bedroom cottage in Farmington, CT, which is will make for an ideal starter home. This is a bargain pick of the week as it is only priced at $27,000. The second one is priced at $29,900 -- just a price of a new car -- and is located in Manchester, NH. However, the 30-room structure needs to be moved to a new plot of land, costing somewhere between $200,000 and $300,000.
Michael Jordan's new marketing promotion to find a buyer for his mansion in Point Ln, Highland Park, IL, helped the property soar over the competition this week.
It will be recalled that the Highland Park Mansion of His Royal Airness Michael Jordan, was put in an auction for the original asking price of $29 Million.
Curbed said after the 56,000-square-foot mansion in Highland Park had been listed on the market for three years, the home has re-entered in the market with another big price cut. The new $1.145 million price cut brings the asking price down to $14.855 million. MJ is now serious about ditching his suburban home and the seven acres that surrounds it, which is now priced at half of the $29 million asking price it first had when it was listed over three years ago.
Jordan is now a full-time Florida resident for the last few years. His home in Highland Park has been languishing on the market since 2012. So, hopefully the new price reduction of his property will give encouragement to buyers to finally come forward.