Michael Jordan's Highland Park mansion sold this week for $9.5 million. That's a far cry from the $29 million MJ was asking for when it was first listed more than a decade ago.
John GarciaABC7 is learning more about what led to Chicago Bulls legend Michael Jordan's Highland Park mansion selling well below the $29 million asking price.That's a far cry from the $29 million MJ was asking for when it was first listed more than a decade ago.The mansion is a popular tourist destination for those visiting Highland Park. Everyone needs a picture of the front gate of the Michael Jordan house.
"I don't think we've seen something where a home owned by a celebrity has been on the market for this kind of time," Chicago Tribune real estate columnist Bob Goldsborough said. After lowering it a couple times, in 2015 Jordan settled on a new asking price of $14.855 million. The digits added together equal Jordan's jersey number 23.
The undisclosed buyer closed on the property for $9.5 million. Goldsborough says despite Jordan's star power, the building has a 90's institutional look to it and has some other challenges for the seller.
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