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Paul Teutul, the star of ‘American Chopper’, has recently hit hard times. It is reported that he is millions of dollars in debt and that he has filed for bankruptcy. He had made some effort to sort out his dire financial situation by selling off his property, but this also did not work in his favor. Before news of his financial problems was made public, he listed his property for $2.89 million. It is a rustic home in Montgomery, New York, that is set in a 38-acre retreat. Unfortunately, the house did not sell, and he was forced to slash the price to $2.49 million just three months after it was originally listed.
Sadly, slashing the price by $400,000 was just not enough and after a year he had to list the house again at the significantly lower price of $1.65 million. Despite the substantial 42 percent price cut, the reality star has still not had an offer on his property. So, why hasn’t Teutul been able to sell his home?
Features - Home - Buyers - Property - Amenities
There are many features to this home that you would think would appeal to buyers as this property is certainly unique. It boasts top-of-the-range amenities and has a stunning outlook. Some other features of this three-bedroom and two-bathroom property include a massive garage, a large pond, a swimming pool complete with waterslides, and volleyball courts. Therefore, the home offers plenty of options for the homeowner’s leisure time.
The location is another factor that should appeal to many people. It would make the ideal weekend retreat for city dwellers as it is in a pleasant and quiet location that is easily accessible from Manhattan as it is just a two-hour drive.
Reason - Lack - Interest - Property - Price
One possible reason for the lack of interest in this property is the price compared to the median price of other properties in...
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