Famous NBA star, Allen Iverson, lost his Atlanta mansion in a foreclosure. The Georgia Primary Bank purchased the home for $2.5 million in an auction, Feb 05, 2013, and listed the home in the market for $2.8 million. .
However, the bank has changed its selling strategy and now put up a new marketing pitch - "Make us an offer".
The Atlanta mansion is a 7,832 square feet single-family home that sits on a 130,680 square feet lot. The residence features six bedrooms and nine bathrooms. Iverson and his wife renovated the home when they lived together. The couple spent around $4.5 million on its renovation adding a customized wet bar and a gourmet kitchen. A modern spa and luxury bath were also part of the remodeling, reports AOL Real estate.
According to the listing records at Zillow, the home, along with the additions, now has a game room, a modern gym, a private suite with a fireplace. A basement and a three car parking space are also available. The home features modern security systems with controlled home access. An outdoor swimming pool with a pool house and a covered grill area are encompassed in a fenced and gated area, reports Zillow.
Iverson purchased the mansion in 2010. Failing to meet the mortgage payments, his home first went up for auction in December 2012. His outstanding mortgage payments went up to around $1.2 million.
Iverson also went through a nasty divorce. His financial woes were also much discussed in the news. Though he has reached a settlement with his wife (happily divorced since January 2013!), he still owes his divorce lawyer around $60,000 in fees. His lawyer, Jonathan Levine, has filed a lawsuit against him.
Iverson recently turned down an offer the Dallas Mavericks made to him. He wanted to come back and play for the NBA.
