News: 50 Cent Slashes Multi-Million Dollar Mansion "For Sale" Price
Sunday, Jul 19, 2009 12:04AM
50 Cent's highly publicized Connecticut mansion has made headlines again as new reports claim the multi-platinum selling rapper has lowered the home's for sale price to $10.9 million.
The price cut represents nearly an $8 million slash from its original billing.
The price of the Connecticut mega-mansion owned by rapper 50 Cent has dropped again -- to $10.9 million. The New York City rapper bought it for $4.1 million and said it had "a 'Miami Vice' feel" and spent $6 million on renovations and repairs. The home was for sale for nearly two years before being pulled off the market in May with the initial $18.5 million price dropped to $14.5 million late last year. 50 Cent says he's tired of the two-hour commute to New York City and wants to downsize. (Hartford Courant)
Fif recently settled a lawsuit regarding the home and renovation costs last month.
50 Cent has settled his lawsuit against an engineering firm over repairs and renovations to a Connecticut mansion he bought from boxer Mike Tyson in 2003, a court official said. Details of the settlement were not immediately available. Messages were left for lawyers for the entertainer and the firm, BVH Integrated Services of Bloomfield. Linda Cohn, deputy chief clerk at Hartford Superior Court, confirmed the settlement. (Associated Press)
The case stemmed from a 2006 lawsuit.
Rapper 50 Cent is taking on an engineering firm over home repairs done to his Connecticut mansion. The rapper, whose real name is Curtis Jackson, arrived in court for the start of the trial of his lawsuit against BVH Integrated Services. He hired the company when he bought his Farmington mansion in 2003 and repairs were to cost $44,000, but the lawsuit says the company billed him for $2.7 million. BVH calls the claims "fabricated" and says it received no complaints from Jackson until the lawsuit was filed. The case is being heard by a Hartford Superior Court judge. (WFSB-TV)
His home was reportedly taken off the market during his trial.
Rapper 50 Cent's opulent Farmington mansion -- priced at more than $14 million -- is off the market after nearly two years and no buyers, according to local real estate agents. The home, which the famous rapper bought in 2003 for $4.1 million, was for sale for 722 days, first with an asking price of $18.5 million. Late last year, the asking price was dropped to $14.5 million in an effort to attract more potential buyers. In May, the listing contract with Keller Williams Realty's Ridgefield office officially expired, and the property has not yet been re-listed for sale, an agent familiar with the estate said. Keller Williams agents could not be reached for comment Monday. (Courant)
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