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R. Kelly

Takes DEVASTATING Loss

on Mansion Auction

3/19/2013 9:28 AM PDT BY TMZ STAFF
Exclusive Details

0316-r-kellys-house

This has gotta hurt ... R. Kelly's Illinois mansion was auctioned off Monday for $950,000 -- waaaay less than the $3.5-million-mortgage the singer took out to the build the place.

Kelly built the 20,000-square-foot dream home back in 1997 -- but things took a turn for the worse in 2011 ... when his bank tried to foreclose, claiming he hadn't made mortgage payments for over a year.

Kelly tried selling the crib for $1.6 million to block the foreclosure  -- but no cigar ... it sat for a year. The bank then went full bore on foreclosure ... and it sold Monday for $950k.

The house has 6 bedrooms, 8 baths, an indoor pool, theater room and private lake.

In case you're wondering ... THIS IS NOT the home where R. Kelly may or may not have peed on a girl.

60 COMMENTS

No Avatar
1.

Bwoy dem    

I'm sure Sparkles niece was looking real good to you now doesn't she you disgusting pedophile.

493 days ago
2.

IwuvTMZ    

Drop in the bucket for this guy.

493 days ago
3.

PT    

$3.5M? Chump change for such a prestigious musician. (acc-cc--kk)

493 days ago
4.

nayrod64    

These stars go crazy with big house and fancy cars but then have no money to pay for them. Where are all those people in your crib, drinking your booze and eating your food.

493 days ago
5.

Truth    

THE HACKERS WERE ON THIS SH*T. R KEL'S F*CKTARDED CREDIT REPORT SHOWED ALL THIS AND MORE INCLUDING 5 SEPARATE DOCKET REPORTS OF UNPAID IRS TAXES TOTALLING LIKE $1.9 MIL... DUDE JUST CALL IT A DAY - FILE BANKRUPTCY ALREADY. POINT BLANK. #TRUTH!!

493 days ago
6.

Kev the Realist    

Just another dumb ass rapper who thinks that the money will last forever. When will thgese stupid guys get with it. All they think about is now that Ii have money ii can buy drugs, homes, cars, and everything else. Talentless, uneducated, ghetto rats with no brains whatsoever. NOBODY feels sorry for these idiots. Why don't you get an education or get a real job.....

493 days ago
7.

Joe    

Underage girls not included.

493 days ago
8.

Shana    

He paid California price for a midwest home.

493 days ago
9.

Alienchicken    

That is the ugliest mansion I have ever seen.

493 days ago
10.

SMASHED    

Who gives a f*ck? SERIOUSLY? WHO GIVES A F*ck?. Little kids are starving, old people are committing suicide cause they get sick or can't afford to eat and the couple living the "American dream" are committing homicide/suicide. WHO GIVES A F*CK ABOUT R. KELLY AND HIS STUPID HOUSE?

GET REAL TMZ. OR STAY STUPID!!!!!

493 days ago
11.

Woot    

What's sad is that my 1400 sq/ft house in Southern California is currently valued at 700k and is, compared to this one, a POS built in the 50s. But oh, I love Cali!

493 days ago
12.

steph    

He did not build the house. It built in the late 70's by a family that owned several McDonald franchises. Their name was Maros. Then I believe Leila Ali lived there. I lived in that neighborhood from 1981 to 1989. The home was gorgeous until he bought it - then it became a party house and took a turn for the worse.

493 days ago
13.

SMASHED    

If you call this 'DEVASTATING'...what will you call it when possibly Harvey's jealous lover cuts off his d*ck? It could happen.

p.s. happy for Harvey and Ryan.

493 days ago
14.

Toilethead    

HHAHAHAHAHAAA.

493 days ago
15.

Mikey    

The bathrooms need to be gutted and remodeled. The whole place is probable like one big port a potty.

493 days ago
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