Allen Iverson Lowers The Price On His PA Home

Denver Nuggest guard Allen Iverson has been trying to unload his 14,000 sq ft home in Villanove, PA for over a year now. But with the economy the way it is, and the housing market in a major slump, it's been pretty hard.

According to the Wall Street Journal's Private Properties column, Iverson has dropped the price to a "desperation deal" of $3.999 million — a million less than he paid for it in 2003. I think we can all put two and two together and know that this isn't good news.

The six-bedroom home is on four acres that include a pool house, stream and waterfall. The chateau-style home on Chateau Lane has four levels including a great room with floor-to-ceiling Palladian windows. The master suite has his and hers marble bathrooms, a coffee bar, media area and a veranda overlooking the grounds. There are four additional en-suite bedrooms and a separate guest quarters with a bedroom, living room and kitchenette. The entertainment level has a 12-seat movie theater, billiard room, and a lounge with a custom wood carved bar accommodating 200+ wine bottles.

I'm not too savvy in the housing industry but I know that this house sounds like it should be worth more than $4mil. But I guess you gotta do what'cha gotta do! If you're interested in purchasing this perfect little getaway pad, you can check out the listing here.