The AP reports that 1731 Seminole, the former Detroit, Michigan home of Jack White has finally sold to a retired couple from Maryland for $590,000. The selling price was $60,000 below the final asking price, and a far cry from the original $930,000 price tag that was attached to the property when the house was first put on the market in August of 2006.
White must have been anxious to sell, as he now lives in Nashville, TN with his wife and child. He spent a reported $200,000 worth of restoration/upgrades on the property–more than three times the $66,000 he gained in the sell, putting him in the red for net earnings on the real estate deal.
Note to self: Don’t take real estate advice from Jack White.
To see more photos of the red, white, and black-heavy house, view my original post.