Julie Chrisley and her husband have just been indicted on charges of tax evasion and fraud. The Chrisley Knows Best stars known for showing off their flashy lifestyle on their USA Network show obtained millions in fraudulent bank loans and failed to pay federal income taxes, according to the U.S. attorney in the Northern District of Georgia.
Todd Chrisley has issued a statement denying any wrongdoing and blaming the situation on a rogue ex-employee. He and his wife surrendered to authorities on August 14 and pleaded not guilty in their initial court appearance.
Meanwhile, Todd’s wife Julie Chrisley is still trying to unload a multi-million dollar home in Nashville. She bought and renovated the property earlier this year with the goal of flipping it for profit.
Julie Chrisley’s $4.7 million flip
But the expansive home wasn’t for her and her family, who relocated from Atlanta to Georgia several years ago. Instead, she quickly embarked on a massive renovation. Just two months later, the home was back on the market with an asking price of $4.75 million, more than $1 million over what she’d paid for it. That would net her a tidy profit, assuming the home sells.
Apparently, the Chrisleys spared no expense when it came to updating the home, which was built in 2013.
“The home was very dated, they took it down to the studs,” said Nic Kerdiles, an agent with Zeitlin Sothebys International Realty who listed the home. “They put in high-end finishes and really customized the home.” Kerdiles is also a pro hockey player who is engaged to the Chrisleys daughter Savannah.
The home is more than 12,000 square feet
The property, which is located on a cul-de-sac, measures 12,753 square feet and sits on a 1.1-acre lot. It has six bedrooms and 6½ baths, a chef’s kitchen with Sub-Zero appliances, a formal dining room with hand-painted wallpaper, two laundry rooms, and a wood-paneled office.
The home also has an indoor basketball court, eight-car garage outdoor pool and spa, catering kitchen, wine cellar, and cedar closets, among other amenities.
Chrisley has already cut the price on the home
The lavish home hit the market again at the beginning of June after renovations were complete. But the Chrisleys didn’t find any takers for the property. In early August, they dropped their asking price from $4.75 million to $4.669 million, a discount of about $50,000.
Time will tell whether the price shift will be enough to interest buyers. The home is already one of the most expensive in the area. A neighboring house in the same cul-de-sac is currently for sale for $2.49 million, according to Realtor.com’s online listings, though it is not as large nor as updated as the home the Chrisleys are selling. Other nearby homes are priced between $1 million and $3.75 million.
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