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19 Mar

This has gotta hurt … R. Kelly’s Illinois mansion was auctioned off Monday for $950,000 — waaaay less than the $3.5-million-mortgage that he took out to the build the place.

Kelly built the 20,000-square-foot dream home back in 1997 but things took a turn for the worse in 2011 … when his bank tried to foreclose, claiming he hadn’t made mortgage payments for over a year.

R.Kelly tried selling the crib for $1.6 million to block the foreclosure — but, didnt make that happen.. it sat for a year. The bank then went into foreclosure … and it sold Monday for $950 thousand.

The house has 6 bedrooms, 8 baths, an indoor pool, theater room and private lake.

In case you’re wondering … THIS IS NOT the home where R. kelly peed on the girl in. lol 0316-r-kellys-house-1

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Posted by on March 19, 2013 in Entertainment

 

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