MikeTyson

50 Cent's Big Price Cut In Farmington

Filed under: Estates, Celebrity Shopping

It's been a big weekend for some of real estate's slow sellers. On Saturday we saw Nic Cage put his Bel-Air mansion on the market at a new lower price and now rapper 50 Cent is trying yet again to unload the pile of property in Farmington, Connecticut which he bought from Mike Tyson's ex-wife. Tyson's mansion has been nothing but a headache for Fiddy. He bought the home for $4.1 million (Tyson's ex originally wanted $25 million) and spent $6 million renovating it. He has been trying to sell the home since 2007 when he wanted $18.5 million for the property.

Earlier this year he settled a lawsuit against an engineering firm that he hired to inspect the 52-room home before he bought it. claiming they underestimated the value of the repairs needed. At that point the mansion, which was then listed at $14.5 million, was pulled off the market. But it's back up with a new listing agent and a new price of $10.9 million. The listing pics are similar to the ones we saw when we first had it as an estate of the day in 2007. Even with the new price he's going to have trouble getting rid of this home if only because not many buyers in the area will be looking for a home with a grotto and a nightclub.

[via NY Post]

Source

Tags: 50 cent, 50Cent, celebrity real estate, CelebrityRealEstate, connecticut, farmington, fiddy, fiddy cent, FiddyCent, mike tyson, MikeTyson

50 Cent Gives Up On Trying To Sell Tyson's House, Hopes For Lawsuit Win Instead

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Rapper 50 Cent is figuring out that Mike Tyson's Farmington, Connecticut mansion wasn't such a great purchase after all. The performer, whose real name is Curtis Jackson, recently testified in Hartford Superior Court as part of his lawsuit against BVH Integrated Services, an engineering firm that he hired to inspect the 52-room home before he bought it. The company was supposed to find out how much it would cost to repair the home.

Tyson's ex wife originally wanted $25 million but 50 Cent bought it for $4.1 million. The company's estimated that 50 Cent would have to spend around $500,000 in repairs but he ended up spending $6 million on repairs and renovations about half of which went to things which 50 Cent's lawyers say should have been included in the original estimate. BVH attorney Michael Byrne said that 50 Cent's lavish upgrades made the difference and that the estimators are not responsible for the difference.

The house may be huge but it isn't high quality according to witness testimony. A contractor hired by BVH to conduct the 2003 inspection testified that it was not a "mansion-quality" house. 50 Cent put the mansion up for sale in 2007 for $18.5 million and dropped the price down to $14.5 million but he said this week that the house is no longer for sale.

UPDATE: 50 Cent has settled the lawsuit for an undisclosed amount.

Gallery: 50 Cent In Farmington

Source

Tags: 50 cent, 50Cent, connecticut, estate, farmington, mike tyson, MikeTyson

Mike Tyson's Bentley Up For Sale

by Deidre Woollard (RSS feed) —

Filed under: Luxury Cars & Autos, Celebrity Shopping

Mike Tyson is sadly one of the best examples of a man who earned a lot of money and then spent it all away. The man with the powerful fists declared bankruptcy in 2003 and many of his purchases have hit the public marketplace. He was the first owner of this 1999 Bentley Continental SC now up for sale on Auto Trader. The car is one of only 73 ever built and cost over $500,000 when it first came out. Tyson's Continental SC has lamb's wool rugs, a phone and a removable glass roof. It is listed at £135,000 (around $272,000). Wow, even with all that depreciation that is still one very expensive car.

Source

Tags: bentley, mike tyson, MikeTyson

50 Cent's Home, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's estate in Farmington, Conn. is one of the legendary symbols of excess. Mike Tyson owned this home in the past but it currently belongs to 50 Cent, who bought it for just $4.1 million. Tyson's ex wife originally wanted $25 million and so the home was a bit of a discount considering that is has more than 50,000 square feet of space.

Fiddy is said to have spent a few million on the house but as the Real Estalker Mama mentions, it's hard to find it when looking at the photos of the place. It seems to be completely devoid of taste and personality. Sure it's got a disco the size of many homes but the overall effect is rather bland. The home has 19 bedrooms, four kitchens, a movie theater, full gym, five Jacuzzis and an indoor shooting range. The pool area is P.I.M.P. -worthy with an infinity pool and a Playboy Mansion-style grotto but the interior of the house seems to be decorated more like a businessman's hotel than a rapper's paradise. Sure the two-story lobby is lavish and there is a dining room with a Baccarat chandelier and a formal living room overlooking a one-acre koi pond, but overall, this place disappoints. It is listed at an ambitious $18.5 million. After the jump, I'm guessing the fountains are all Tyson's legacy.

UPDATE: This home is still on the market for $14.5 million.

Source

Tags: 50 cent, connecticut real estate, estate of the day, mike tyson, MikeTyson

Continue reading “50 Cent's Home, Estate of the Day”