In Chanhassen, Prince's one time home and 20 acres of land is in foreclosure, and it'll be auctioned off really soon unless he pays off the $386k he owes on the mortgage!
The auction is set for May 13th, but the singer still has time to reclaim it if he pays the debts. There is no word on whether or not he will, or just let it go to auction.
Here's a small bit about the property:
The land, where Prince had a home until it was razed in late 2005, is valued at $1.15 million, according to county records. That's down from more than $1.5 million just a year earlier. Prince bought the property in 1994 for $605,000.
An undated aerial photo of the property on the Carver County property information web page shows little more than a tennis court and a small building near the driveway entrance on Galpin Boulevard.
Prince, we hope the tour is going well! Isn't there a little extra scratch from that? Maybe a bit of it that could go towards settling debts so you don't have to lose property??
[Image via WENN.]
Tags: auction, court, foreclosure, home, prince, singer, tour