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Hey, O.J. Simpson, Want Your House Back? His Former Miami Home Is for Sale

You couldn’t escape the news even if you tried: After serving nearly nine years of a maximum 33-year sentence for armed robbery, O.J. Simpson has won a parole, and will be a free man as early as October of this year. The Juice is loose! But where will he live?

When the former Buffalo Bills superstar and actor finally leaves his quarters in Nevada’s Lovelock Correction Center, he might just want to pick up where he left off—and look into the former Miami home he lost to foreclosure shortly after going into the clink in 2008.

The completely remodeled four-bedroom, four-bathroom home is on the market for a priced-to-move $1,299,900. It features a pool and porch, a one-bedroom guesthouse, and a basketball court sitting on 1.65 acres.

Simpson, 70, purchased the home in 2000 for $575,000 and lived there with his two children until his conviction on the armed robbery charge involving two sports memorabilia dealers in Las Vegas. He stopped making his mortgage payments in 2010, and the property was foreclosed on. It was sold online in an auction in 2013 for $655,000, according to NBC.

News report have said the home went back on the market this month or that the price was dropped, but it’s been for sale for the same price since November, says Oscar Ramirez, the FB Agents Corp. Realtor® handling the listing. The property was listed for $1,420,000 in August and then relisted for $1,299,900 in November.

The current owner, listed in realtor.com® records as Southern Farmers Int USA Inc., is an investor, he says. The property was purchased and fixed up with the plan of putting it back on the market, says Ramirez.

“It’s all restored,” he says. “The kitchen is all new.”

Even with the price drop, the seller might have a tough time unloading the home given the connection to its notorious former owner—which might help explain why it’s been sitting on the market for seven months, says real estate appraiser Orell Anderson. He valued Nicole Brown Simpson‘s four-bedroom condo in Los Angeles where she was murdered.

O.J. Simpson, of course, was acquitted of the savage slaying of his ex-wife and Ron Goldman which occurred in1994. He was later found liable for their deaths at a civil trial and ordered to pay the families a $33.5 million judgment, of which little has been recovered,

All the extra exposure surrounding Simpson is “detrimental”, says Anderson, president of Strategic Property Analytics in Laguna Beach, CA.

“There’s nothing wrong with the house,” he says. But “there is a stigma associated with O.J. Simpson given his controversial history.”

The post Hey, O.J. Simpson, Want Your House Back? His Former Miami Home Is for Sale appeared first on Real Estate News & Insights | realtor.com®.

Source: Real Estate News and Advice – realtor.com » Real Estate News