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Nic Cage's

Vegas Home

Hits Rock Bottom

1/25/2010 6:10 PM PST BY TMZ STAFF

Nicolas Cage Foreclosed Home sold Nicolas Cage's foreclosed Las Vegas mansion has finally been sold -- for nearly $3.5 million less than the actor paid for it in 2006.

According to the broker, Cage purchased the 14,306 sq. ft. Las Vegas home for $8.5 million back in 2006 -- which was foreclosed on in November of '09.

The home was repo'd by the bank -- and now the broker, Kenneth Lowman says the home has been sold for $4.95 million.

FYI -- the home has 6 bedrooms, 7.5 bath, a 16-car subterranean garage, an elevator and theater room.

Cage -- who has described his financial situation as "catastrophic" -- claims he's the victim of a reckless financial manager. The manager counters it was cage who was a reckless spender.

The actor still owes roughly $13 mil to Uncle Sam in unpaid back taxes.

31 COMMENTS

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31.

LINDA    

The State of CA would not be in such dire financial straights if they and the IRS would go after all of these idiot celebrities who think they are above paying taxes. If it were me, I would have had my bank account put on hold and everything I owned taken away. Why does the IRS go soft on celebrities? Leave us peons alone and go after the big guns!

1473 days ago
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