After about eight months in the marketplace, rapper Nelly has lastly unloaded his “deserted” Missouri mansion for an undisclosed sum. The home is much from a typical piece of celebrity real estate. It has been described as a “run down,” “decrepit” fixer-upper. Positioned in Wildwood, Missouri, regardless of the agreed-upon remaining worth may need been, it is reportedly lower than what Nelly owed on the mortgage (recognized in the true property enterprise as a “brief sale”).
No matter its different faults, the property actually is not missing for house. It is a 10,800-square-foot house with six beds and 6 and a half baths, all positioned on a sprawling 12-acre lot. Nelly reportedly bought it approach again in 2002 for $1.925 million, intending to transform and flip the home for a revenue, however the renovations have been by no means accomplished, and the house was final listed for an asking worth of $599,000 — which can or is probably not within the neighborhood of what the house ended up promoting for.
This is how Nelly’s deserted fixer-upper mission was described in its official itemizing:
“Superb funding alternative! This palatial, Tuscan-style structure house options a few of the finest views in Missouri. The inside includes a grand entranceway, open flooring plan with sky-high ceilings, and an unimaginable 6 bedrooms and seven baths. Positioned on practically 12 acres of land, there’s loads of outside recreation house together with a personal basketball courtroom. Beautiful views of the Meramec River valley are seen from in every single place on this property– from the good room, to the expansive yard, to the entire many personal balconies. Positioned simply minutes from Hidden Valley Ski Resort in Eureka.”
Nelly won’t have accomplished the true property flip he’d been hoping for, however the sale may symbolize an important alternative for the client, since one other mansion within the space is at the moment listed with an asking worth of practically $2 million.
It is unclear why Nelly did not go forward and simply full the mansion, although he has been dogged by some IRS points over time. The IRS positioned a $2.4 million tax lien in opposition to Nelly for unpaid taxes in 2016.
You’ll be able to take a look at Nelly’s former Missouri mansion within the video beneath from the Residing St. Louis YouTube channel, which by the way additionally reviews that the house was offered final month for the sum of $982,500. Take pleasure in: