Michael Phelps sells Fells Townhome
Loses a lor of money on the sale
Getty images.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 09/25/2012
BALTIMORE - Olympic swimmer Michael Phelps isn't exactly hurting for money, so this is a story most of us can't relate to.
He lost a lot of money on the sale of his Baltimore townhome. We know the housing market it tough right now, but the most decorated Olympian got $450,000 less for his house than he paid for it.
Phelps has owned the townhouse in the trendy Fells Point neighborhood since 2007. He paid nearly $1.7 million for property and is letting it go for one and a-quarter mil. It's being bought by a Constellation Energy executive and is near the site of the company's new headquarters.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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