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O.J. Simpson’s $500K home heads to auction block
While O.J. Simpson sits in jail, his lavish Florida home is set to hit the auction block Wednesday with a current appraised value of nearly $500,000.
Simpson, 66, currently serving a 33-year sentence in Nevada for armed robbery and kidnapping, had lived in the Florida home for a decade but stopped making payments in 2010.
Fees, interest and court costs had driven his total bill to the bank to more than $890,000, a judge ruled in August, according to the Daily Mail. He also owed four years in back taxes.
The former football great purchased the 4,334-square-foot house in 2000 for $575,000, but lost much of his money — and ability to pay on the house — after being ruled financially liable for the 1994 deaths of ex-wife Nicole Brown and family friend Ron Goldman. He was acquitted of murder in the two deaths but ultimately ordered to pay $33.5 million in a wrongful death suit brought by Mr. Goldman’s family.
The money from Simpson’s auctioned home will in part go toward paying that settlement amount.
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About the Author
Cheryl Chumley is a continuous news writer for The Washington Times. Previously, she was part of the start-up team for The Washington Times’ digital aggregation product, Times247. She’s also a 2008-2009 Robert Novak journalism fellow with The Phillips Foundation. She can be reached at firstname.lastname@example.org.
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