Michael Jordan: The American sports legend's luxury property that isn't selling for half the price

 Being the richest and most loved athlete in the world of sports does not mean that American basketball legend Michael Jordan does not have to face the same problems that an ordinary person faces.



 For the past 10 years, Michael Jordan has been trying to sell his lavish mansion in Highland Park, 40 kilometers from Chicago. The place, completed in 1995 on his wish, was considered to be Michael Jordan's sanctuary in the nineties. This was when Michael Jordan was the Chicago Bulls basketball team captain and won three National Basketball Association titles. Not only this, but with the help of sponsorship deals and other sources of income, he had earned a huge amount of money Even in the context of celebrities, their Highland mansion is very impressive.  Spread over five thousand square meters, this mansion has nine rooms and 19 bathrooms, a cinema, fitness gym, tennis court and even an indoor basketball court. Its garage is spacious enough to accommodate 14 vehicls Michael Jordan finally retired from basketball career in 2003. They now live in another mansion in Jupiter, Florida. He announced his intention to sell the property in 2012 at a price of US$29 million. But now this amount has almost halved. The property is now valued at $14.9 million, or about $150 million, on the website of Kapmas, the estate agent who is trying to sell it. In Pakistani rupees, it amounts to more than three billion. An attempt to sell the house at an even lower price in 2013 failed. At the time, it was valued at $13 million. Netflix recently produced a documentary on Michael Jordan's final season with the Chicago Bulls, sparking renewed interest in his life. At that time, it was expected that someone might buy this magnificent mansion of his, but it did not happen.  Property experts in America believe they know why this mansion is not selling. One reason the Highland area is said to be a real problem is because it's not close to downtown ChicagoIt is not like buying milk In an interview with financial website MarketWatch, luxury property consultant Adam Rosenfeld also said that 'Michael Jordan's mansion was built according to his wishes, so it is unlikely that it would be of interest to the average buyer. Be there.' "Selling a property built according to one's will and desire is a very difficult task."Michael Normand also works in luxury property sales. "Buying a property like this is like buying art," he told The Hollywood Reporter.

The Desperation of Celebrities

 According to Forbes magazine's latest list of the richest people, Michael Jordan's assets are currently worth about 1.7 billion US dollars. Perhaps they are under increasing pressure to sell the house. However, he has now joined a growing list of celebrities who are realizing that no one is interested in buying their dream mansion. Before him, the famous Hollywood actor Tom Cruise has also gone through a similar experience. He tried to sell his ranch in Colorado in 2014 for $59 million. On the one hand, there are ordinary houses that have been sold many times before. On the other hand, there are such costly and big houses which have no examples.'It's not like buying milk, where you can look online and determine what the price is.'

No comments:

Post a Comment

oloween.com

How can you get a free weekend stay with Airbnb?

  Getting a free weekend stay on Airbnb typically involves taking advantage of promotions, referral programs, or participating in contests. ...