We’ve seen this story play out before: A promising young athlete amasses a fortune only to squander his wealth in a blaze of financial irresponsibility.
Former Chicago Bulls and New York Knicks center Eddy Curry became a cautionary tale of athlete financial woe when he lost his Burr Ridge, Ill. mansion to foreclosure last year. Despite earning an estimated $70 million in his basketball-playing career, Curry found himself nearly $220,000 behind on his $3.7 million mortgage in 2009. He was ultimately foreclosed on in March 2012 and the home was later sold at a sheriff’s sale.
The Chicago Tribune reported that the custom-built mansion Curry paid $6.2 million for in 2006 has been listed by its lender for $3.999 million.
The expansive manse offers seven bedrooms, nine fireplaces, 11 bathrooms and 9,340 square feet of living space. Handcrafted details such as millwork, built-ins and stately touches exude an air of “old world elegance,” and high-end amenities include an elevator, a two-story foyer with a fireplace, a cherry-paneled library, and a family room with a wet bar. The master suite sits in its own dedicated wing and a completed lower level comes complete with a kitchen, a pub-style bar, a movie theater and a massive wine cellar.
Curry himself has admitted he doesn’t know how he squandered his massive fortune. However, the New York Post painted a picture of how an athlete (and those he keeps around him) can burn through millions of dollars:
Yet the oft-injured center insists that he’s clueless — any financial fouls, he said, were committed by his accountant, Lamont Carter.The bean counter, who was also his manager, collected Curry’s income and was supposed to pay his bills in full. They included $115,000 for a 7-carat engagement ring, $33,000 for a pair of diamond earrings and $285,999 for a men’s diamond and gold chain. Not to mention $4.5 million for the Illinois mansion Curry shares with his family.
Curry appeared in two games for the Dallas Mavericks last season before being waived to open a roster spot for Troy Murphy. In 527 career NBA games, the 30-year-old holds lifetime averages of 12.9 points per game and 5.2 rebound per game. He is currently lacing it up for the Zhejiang Golden Bulls of the Chinese Basketball Association.
elegantresidences.info
Lifestyle Of Old World Elegance. Stunning Estate With Gorgeous Detail, Expansive Rooms, Hand-Crafted Millwork. Dramatic 2 Story Entry W/ Fireplace. Cherry Paneled Library, Massive Family Room With Bar Rm. 9 Fireplaces, 7-8 Bedrm Suites. Master Wing Fit For A King. Independent Living Townhouse & Elevator. Completely Fin Walk-Out Ll W/ Kitch, Pub Bar, Rec Rm, Theater Space & Wine Cellar. 4-5 Car Htd Gar. Magnifique!
Interior
Number of Rooms:
18
Fireplace:
Yes
Fireplace(s):
9, See through/Multi Sided, Gas Logs, Gas Starter
Rooms
Bathrooms
Total Bathrooms:
13
Full Bathrooms:
9
Partial Bathrooms:
4
Bedrooms
Total Bedrooms:
7
Bedroom 1:
30X26, Upper Level
Bedroom 2:
27X20, Upper Level
Bedroom 3:
21X18, Upper Level
Bedroom 4:
22X12, Upper Level
Bedroom 5:
15X13, Upper Level
Bedroom 6:
24X13, Upper Level
Other Rooms
Living Room:
19X16, Main Level
Family Room:
30X20, Main Level
Kitchen:
22X21, Main Level
Dining Room:
21X16, Main Level
Other Room 3:
7th Bdrm, 15X13, Basement Level
Other Room 4:
Breakfast Rm, 14X10, Main Level
Parking
Garage:
Yes
Attached Garage:
Yes
Garage Description:
Garage Door Opener(s), Transmitter(s), Heated
Garage Spaces:
4
Location
County:
Cook
Driving Directions:
Plainfield Rd, South on Shady Ln., rt on Lee Ct
School Information
District:
181
Elementary:
ELM ELEMENTARY SCHOOL
Middle:
HINSDALE MIDDLE SCHOOL
High:
HINSDALE CENTRAL HIGH SCHOOL
Heating & Cooling
Cooling Type:
Central Air
Heating Type:
Gas, Forced Air, 2+ Sep Heating Systems
Utilities
Sewer:
Sewer-Public
Water:
Lake Michigan
Structural Information
Architectural Style:
Traditional
Construction:
3 Stories
Basement Desc.:
Full, Walkout
Roof:
Asphalt/Glass (Shingles)
Year Built:
2006
Lot Features
Lot Dimensions:
.50-.99 Acre
Topography:
Cul-de-sac
Financial Considerations
Price:
$3,999,000
Assoc. Fee Freq.:
Not Applicable
Tax Amount:
$69,396
Tax Year:
2011
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Link to This Listing:
Originally Received:
10/21/2013 (4 days ago)
Last Refreshed:
10/25/2013 1:05 PM
Total Views:
161 (as of 10/24/2013)
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Eddie what happen former success. Without test nor stress now. Resting somewhere dare say popular. Star financially broken so typical. Egoism of sports buffs you. Fail hire appropriate staff not. Trying steal from you Eddy. How about many agents whom. Warn you
ReplyDeleteof demise if didn't invest. Your earnings guess Magic Johnson. Come to your recuse whom. Owns real estate fund. Whom purchase high rise in foreclosure. Eddy once remembred now
a failure. Eddy how could you abuse. $360 million okay someday? Is not telling the truth?