“American Chopper” star Paul Teutul Sr. has finally unloaded his New York mansion for $1.5 million, as a judge signed off on the sale.
According to court documents obtained by The Blast, a federal judge has approved the proposed sale presented by Teutul. Teutul needed approval because he’s in the middle of a bankruptcy, with most of the sale profits going to pay off his debt.
Back in May, Teutul requested permission to execute a deal that would sell his 3-bedroom, 3-bathroom, 3,448 sq. ft. mansion located in Montgomery, New York.
Teutul was close to losing the home to foreclosure prior to him filing for bankruptcy last year.
The mansion has been the reality stars primary residence for some time. He originally bought the lot back in 2005 and built his home on it. He listed it for sale back in October 2017 for $2.895 million, but slashed it down multiple times while trying to find a buyer.
He told the court he received an offer for $1.5 million last month and wanted to take it. He was willing to include, in the sale, two small plastic boats, electric welder, tools, furniture, pool table, farm animals, farm tools, snowblower, bulldozer and supplies for the koi pond.
The pad features unique amenities. Sitting on 38 private acres it includes massive fireplaces, full wrap around porch, waterfalls, spa, water slide, pool, volleyball court, multiple patios, koi pond, 2 story garages with 2 self-contained apartments perfect for guests, along with barn areas for animals.
He believed the sale of the home will allow him to repay his various creditors. The judge has yet to rule.
Last year, 68-year-old Teutul filed for Chapter 13 in New York claiming he had $1,801,729 in assets and liabilities totaling $1,070,893.44.
Teutul listed his home in Montgomery, NY, a 2011 Chevy Camaro, 2010 Dodge Challenger, 2009 Chevy Corvette and a “few pistols” worth around $200.
