Buyer courted for former home of NBA star Wade
By Mike Nolan email@example.com August 22, 2014 6:08PM
The former South Holland home of NBA star Dwyane Wade is being foreclosed on. Although Wade's name is on the mortgage, his ex-wife, Siohvaughn Funches, lives there. Their divorce was finalized in 2010, with Wade paying a multimillion-dollar settlement to Funches. According to public records, nearly $541,000 is owed on the mortgage. The house, at the northeast corner of 158th Street and Greenwood Avenue, is on the market for $1.2 million. | Mike Nolan/Sun-Times Media
Updated: September 26, 2014 1:18PM
Anybody interested in buying stately Wade Manor?
The former home in South Holland of NBA star Dwyane Wade is on the market for $1.2 million, but a bank also is moving to foreclose on the mortgage on the sprawling manse at the northeast corner of 158th Street and Greenwood Avenue.
Wade hasn’t lived there in some time, having finalized his divorce with Siohvaughn Funches in 2010. The Miami Heat star, who grew up in Robbins and played for Richards High School, moved out of the house a few years before the divorce.
He and Funches still are listed on the mortgage, however, and a bank last week filed notice that it’s planning to foreclose. Public documents indicate that nearly $541,000 is owed on the mortgage.
Including the main house and two-bedroom guest house, there is more than 7,800 square feet of living space, and the main house boasts six bedrooms, six full bathrooms, a theater room, exercise room and two fireplaces, according to a listing by real estate firm Redfin.
There’s also a three-car attached garage and an inground pool. The property has been listed on Redfin’s site for six months.
A real estate agent who’s handling the listing declined to comment on how successful efforts have been to find a buyer.
From a curb-appeal standpoint, the property doesn’t make a good first impression.
A black, wrought-iron fence surrounds the three-acre site, and black plastic attached along the inside of the fence to block the view inside has come down in places, revealing overgrown weeds and shrubs.
Also, the setting is far from idyllic — not much farther than a three-point shot from the busy Bishop Ford Freeway.
The Cook County assessor’s office said the property has a market value of $958,580, and Redfin said its 2012 property tax was $17,252.
A year after their divorce and a multimillion-dollar settlement paid to Funches, Wade gained sole custody of the couple’s two sons.