Kim Zolciak and Kroy Biermann List Georgia Mansion for $6 Million Despite Being In Foreclosure
Kim Zolciak and Kroy Biermann have put their Alpharetta, Georgia, mansion on the market in the midst of ongoing foreclosure procedures.
Kim Zolciak, 45, and Kroy Biermann, 38, have made their seven-bedroom property available on the market for the astonishing price of $6 million. However, a current estimate from realtor.com values the home at around $2,540,300.
According to the details listed on Zillow, the mansion sprawls across 1.78 acres, featuring 11 bathrooms among other facilities.
The property is equipped with various amenities including a six-car garage, billiard and arcade rooms, a gym accompanied by a private massage room, a walk-in wine cellar with a capacity of 500 bottles, and a heated pool as well as a home theater.
In 2012, Kim and Kroy bought the property, subsequently living there with their children following their marriage a year prior. Their family residing in the house included their children Kroy “KJ” Jagger Jr., Kash, and twins Kaia Rose and Kane Ren, as well as Zolciak’s daughters from a previous relationship, Brielle and Ariana, who were legally adopted by Kroy.
The decision to sell comes after a period marked by challenges in their relationship, as Kroy filed for divorce from Kim around two months ago. Their attempt to dissolve their marriage legally earlier in May was halted as they reconsidered the decision, opting to attempt reconciliation in July.
Their home previously faced foreclosure as revealed in a notice by Fulton County. They had defaulted on a $1.56 million loan they secured in October 2012, pushing Truist Bank towards putting the property up for public auction. Kim refuted the foreclosure claims, labeling them as a misunderstanding that was being resolved.
On October 11, the home faced foreclosure once again, with an impending auction set by Truist Bank for November 7, due to an outstanding defaulted loan of $1.65 million.
Financial difficulties have been a significant strain on their relationship. “There’s no cheating on either side. The money has a lot to do with the split, but there were other factors. He’s been managing [the family] for a long time, so he technically did have a job. They’re not on good terms right now,” an insider informed PEOPLE.
Legal steps were also taken by Kroy to facilitate the sale of the house without requiring Kim’s approval, as recorded in court documents. This decision was seen as a strategy to reduce their significant debt.
In terms of their current living arrangement, they continue to reside together in the same house despite their ongoing disputes. A knowledgeable source highlighted the financial disagreements between the couple, confirming that there was no indication of them intending to reconcile their relationship.
With the looming auction scheduled by Truist Bank on November 7 due to a defaulted $1.65 million loan, the property’s estimated value, as per realtor.com, currently stands at approximately $2,540,300. The scheduled auction and the ongoing unresolved matters portray a challenging phase for Kim and Kroy, marking an end to a chapter in their lives with the sale of their mansion.
Raissa Asunbo is a Content Editor at All About The Tea. She lives in Toronto, Canada and enjoys reading, watching movies, traveling and spending time with her family.