If you, or anyone else, wanted to Pacman Jones' house outside Nashville you're too late, it sold at auction on Saturday for $1.1 million. The auctioneer started the bidding at $2 million, after that was greeted with only silence, someone shouted out $700,000. In less than 40 minutes, the highest and closing bid was accepted, $1.1 million, a $400,000 loss for Pacman. I never knew taking out a stripper pole would drop a home's value so much.
From the Tennessean:
"For sale: the 30-acre, three-structure estate of former Tennessee Titans cornerback Adam "Pacman" Jones.
It was unclear Saturday whether the highest bidder — an anonymous man who wasn't present at the auction — sealed the deal. The sale was contingent upon Jones' agreement to the price, Allen said. Jones' agent and attorney Worrick Robinson said Saturday his client was hoping for more.
"He really, really loves this piece of property, and it means a lot to him," Robinson said. "He's got to make a business decision as to what his cutoff will be."
About a dozen people registered to bid, Allen said. Some were gawkers who toured the property as if it were a museum.
The main structure, still filled with Jones' furniture, paintings and clothes not for sale, and two other smaller buildings sit on 30 picturesque acres of grass and woods. Jones lived on the property for about two years, Robinson said.
If the former Titan approves the sale, the new owner will have to write a check for 10 percent of the final sum on the spot, Allen said, as one of the sale conditions.
He and Robinson said it would likely be Monday before Jones — whose Dallas Cowboys were playing San Diego on Saturday night — reached a decision.
As soon as Martin Hayes and his wife of Oak Hill saw the house Saturday morning, they knew they wouldn't bid.
"The property is beautiful, but the house is not very attractive," Hayes said. "The main house is not very well finished. I was disappointed."
Jones, who's been plagued by a string of legal troubles, including a melee at a Las Vegas club, was with the Titans for three seasons and was traded to the Cowboys in April.
He put the 4282 N. Chapel Road home on the market May 1 for $1.8 million. He bought the property in July 2006 for $1.575 million, according to tax records.
A notice of foreclosure sale published recently in The Tennessean said Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank.
He took out two mortgages to pay for the house in 2006, according to the Williamson County Register's Office. The first loan was for $1.26 million. The second loan was for $157,500."
It was unclear Saturday whether the highest bidder — an anonymous man who wasn't present at the auction — sealed the deal. The sale was contingent upon Jones' agreement to the price, Allen said. Jones' agent and attorney Worrick Robinson said Saturday his client was hoping for more.
"He really, really loves this piece of property, and it means a lot to him," Robinson said. "He's got to make a business decision as to what his cutoff will be."
About a dozen people registered to bid, Allen said. Some were gawkers who toured the property as if it were a museum.
The main structure, still filled with Jones' furniture, paintings and clothes not for sale, and two other smaller buildings sit on 30 picturesque acres of grass and woods. Jones lived on the property for about two years, Robinson said.
If the former Titan approves the sale, the new owner will have to write a check for 10 percent of the final sum on the spot, Allen said, as one of the sale conditions.
He and Robinson said it would likely be Monday before Jones — whose Dallas Cowboys were playing San Diego on Saturday night — reached a decision.
As soon as Martin Hayes and his wife of Oak Hill saw the house Saturday morning, they knew they wouldn't bid.
"The property is beautiful, but the house is not very attractive," Hayes said. "The main house is not very well finished. I was disappointed."
Jones, who's been plagued by a string of legal troubles, including a melee at a Las Vegas club, was with the Titans for three seasons and was traded to the Cowboys in April.
He put the 4282 N. Chapel Road home on the market May 1 for $1.8 million. He bought the property in July 2006 for $1.575 million, according to tax records.
A notice of foreclosure sale published recently in The Tennessean said Jones has defaulted on the terms and conditions of a mortgage with U.S. Bank.
He took out two mortgages to pay for the house in 2006, according to the Williamson County Register's Office. The first loan was for $1.26 million. The second loan was for $157,500."
3 comments:
DAYUM, they got a bargain. shame isn't it. no one could make it rain cash for his house so he had to auction it, KARMA
I think he lost the $400,000 because he took the stripper pole out.
ZING~u r on a roll tonight~klassic
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