Las Vegas mansion that belonged to Nicolas Cage before it was foreclosed on sold for nearly $5 million its first day on the market.
Records show Cage owes millions of dollars to the IRS in unpaid taxes. The Oscar-winning actor has said he's had to sell numerous assets because of his finances. Kenneth Lowman, owner of Luxury Homes of Las Vegas , says the 14,300-square-foot, bank-owned home sold for close to the asking price of $4.95 million. Lowman says the sale is expected to close on Wednesday.
Full Story: Cage's former Vegas home sells for nearly $5M (AP)
Records show Cage owes millions of dollars to the IRS in unpaid taxes. The Oscar-winning actor has said he's had to sell numerous assets because of his finances. Kenneth Lowman, owner of Luxury Homes of Las Vegas , says the 14,300-square-foot, bank-owned home sold for close to the asking price of $4.95 million. Lowman says the sale is expected to close on Wednesday.
Full Story: Cage's former Vegas home sells for nearly $5M (AP)
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