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Ex-Bull Wallace loses $1M on Lake Forest home

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By Bob Goldsborough

Ex-Bull Ben Wallace, now with the Detroit Pistons, has taken a significant loss on his 6,983-square-foot, traditional-style mansion on 1.74 gated acres in Lake Forest, selling it on Thursday for $2.0575 million.

With the Bulls from 2006 until a 2008 trade to the Cleveland Cavaliers, Wallace, 35, lost almost $1 million on the five-bedroom home, which he purchased in late 2006 for exactly $3 million.

Wallace first listed the mansion for $3.295 million in January 2009, later cutting his asking price to $2.994 million, then to $2.49 million and finally to $2.39 million before accepting a sale offer.

Built in 2005, the 14-room, stone and slate mansion has five full baths, three partial baths, a cherry library, a custom staircase, a gourmet kitchen with a butler's pantry, a four-car heated garage and no fewer than eight fireplaces. The house also has a finished lower level with a rec room, wine cellar, billiard room and bar room.

1 Comments

Really that's so sad... How much has he made in his career.. Cry me a river you rip off the bulls anyway!

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