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21 Million Highland Park Home Didn't Sell At retail As i said today on cnn money using brooke baldwin, jordan shouldn't take it personally that no one wants to buy his home.Of your current 56, 000 sq.Ft, 9 mattress room, 15 full bath tub, 4 half bath show place in chicago's highland park, is a unusal property, yes but it's still the highest priced property in your neighborhood. Jordan first listed the house and property for $29 million in february 2012, then dropped the amount to $21 million.That means it didn't hit the reserve price the minimum price bidders must reach make sure that the house to sell.Although that price isn't released, a source in chicago tells us actuality that reserve price was $13 million. Jordan's house isn't selling because it's overpriced for the area.Higher prices are by and large reserved for properties close to downtown chicago, and for residences right on lake michigan.Highland park is 23 miles north of chicago, il.The street where jordan's home is found is not on a lake. "In highland woodland, in that one spot, there are many homes at $1 million plus, says chelsea feurer, ceo of jameson sotheby's external realty in chicago. "But they are not $5 million and $10 million, Celebrities homes do sell for a premium, remarks mauricio umansky, inventor of the agency, a denver firm that often deals in celebrity properties. "I've had people paying perceived premiums but not all the more, he admits that. "If the is worth $10 million, you will get $10.5 million, But would not get $20 million, An additional issue may be style.Unsurprisingly, jordan's home would make the most effective fun pad for a sports loving bachelor;It provides garage space for 14 cars, or a billiard parlor, fire, archives, and full moisten bar, plus exclusive doors from the playboy mansion in chicago.And lastly, an advanced fitness gym, including jordan's personal treadmill machines, elliptical exercise machines, stairmasters, precor scooter, cybex arc trainer and dumbells.And then there's the full size football court, and the knowledge that jordan played on it. Continue, the marketplace for this kind of property isn't limitless.Apart from the fancy fitness perks of this place, which may not be a feature for every buyer, the cage may not fit the style our sources tell us is trending:Very executive, with floor to fly windows.Its possible jordan's place, built-In 1994, isn't quite on present trend. Nonetheless, style really do not limit the home much. "It's mind-Boggling:What we will jordans shoes for women spot is awful, to a person is their dream, says chris cortazzo of coldwell banker previews world-Wide, who who has sold $2.5 billion in real estate and happens to be listing Kid Rock's Malibu estate. Estee portnoy, a representative for jordan, said in your firm stand out"We are dismayed that the high bid in today's auction of michael jordan's residence in highland park did not meet the reserve price.We will be evaluating options for the house in the new year, At long last, it all relates price and ultimately, the price's alignment with a property's financial commitment potential. "People are leaning towards security, feurer declares.Until adverse reports about them, i was a person in great deals on shoes our forbes wealth team, crushing numbers for our forbes 400 and world's billionaires lists.A born and bred westerner with strong ties in mn, i love dialling nyc home.Tweet:Erin_carlyle.

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