After being indicted on charges of tax evasion and bank fraud, it has been revealed that the Chrisley Knows Best stars listed the six-bedroom, six-and-a-half-bathroom home, which they initially purchased earlier this year, for $4,699,999.
Although Todd and Julie are the owners of the house, it does not seem that they ever lived at the property. Instead, after buying the home in April of this year for $3,375,000, they renovated and listed it for sale in June for $4,750,000, before lowering it earlier this month to its current price.
The home, which was previously owned by NHL star Mike Ribeiro, was built in 2013 and boasts over 13,000 square feet.
In a description of the home, the property was described as a “designer’s masterpiece.”
After purchasing the home in April, Todd and Julie embarked on a “complete renovation,” installing top-of-the-line finishes in the kitchen and throughout the home.
According to a report from Radar Online, the Chrisleys are selling the home because they allegedly “need cash.”
In other Chrisley Knows Best news, Todd and Julie’s son, Chase Chrisley, has been hit with a federal tax lien after allegedly failing to pay $16,000 to the IRS.
On August 13, The Blast revealed Chase failed to pay taxes on the money he made in 2014. If he doesn’t pay up soon, the IRS will begin the process of seizing his property and assets. According to the report, the tax lien was filed in Chase’s name, but it tracks back to a home in Roswell, Georgia, that was owned by a company named Quagmire Holdings, which is operated by Peter Tarantino.
Todd and Julie are facing up to 30 years in prison.
Photo Credit: Instagram
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