Gary Coleman's Utah Home Drops to $225,900

Gary Coleman home for saleThe late actor Gary Coleman's former Utah home got a price reduction last week. Now listed for $225,900, the Chase bank-owned property located in the small town of Santaquin is where the 42-year-old actor fell down the basement stairs in May and suffered a brain hemorrhage that led to his death two days later.

"Santaquin is a great area; a smaller community for raising kids," Mark Murdoch, the assistant for listing agent Lindsey Andrus of South Rim Realty, told AOL Real Estate. He said prices here have been pretty stable, but gave no indication as to why the former Coleman home has yet to sell. However, a court document obtained by TMZ last summer, stated that the home was in "poor/distressed condition."

See photos of Gary Coleman's home in our gallery.

The two-story home was originally listed for $324,000 along with an adjacent lot, but had a previous list price of $237,600. Coleman paid $320,000 for the home in 2006.

When life support was pulled on the "Diff'rent Strokes" star by his ex-wife Shannon Price, who still lived with him at the time, Coleman owed $325,158 on the upside down mortgage, according to TMZ-obtained documents filed in court last summer by the court-appointed Special Administrator of the estate, who wrote that "belongings in the house are disorganized and in disarray."

Priced at $48 per square foot, the 1996-built home sits on just over half an acre on a cul de sac. The 4,724-square-footer has three-bedrooms and three baths. Listing photos show a privacy fence around the front and sides of the home and a vaulted ceiling in the living room.

Gossip rags reported that the bed had been covered in items such as adult diapers, dirty laundry, broken light bulbs and peanut butter. The home was eventually cleared of all items before it went on the market.

Chase Bank is willing to give special finance considerations to qualified buyers. The listing details say that the "[s]eller will credit buyer up to 3 percent of sales price toward closing costs if negotiated."

Sheree R. Curry
, whose mother shares a birthday with Coleman, is a three-time award-winning journalist who has covered real estate for six years. During her 20-year career, her articles have appeared regularly in the
Wall Street Journal, TV Week, and Fortune. She's been writing for AOL Real Estate since 2009 from a Minneapolis-area rental. She seeks a book publisher -- or at least a lender who'll give a reasonable mortgage rate to a self-employed mom.

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This Is Why I Did Not Like How Gary Colemans Career Was Handled! This Is Just An Average Or Below Home For Someone That Made More For Others Than Himself!

March 22 2011 at 12:40 PM Report abuse rate up rate down Reply

hello there

March 16 2011 at 4:30 PM Report abuse rate up rate down Reply

that man was robbed by his parents he had to start over in my opinion he did well looking at the fact from all of the negative comments how many of you ***** have a home or shall i say can afford one without gov help or are you all apartment renter with bad ass credit so shut up an the realtor to put info out like that is tacky why not talk about how kurt cobin's , elvis , or several of charlie sheen's hoe hop locations what the heck did they look like prick.

March 15 2011 at 7:47 PM Report abuse -1 rate up rate down Reply

With such tragedy having occurred and and with it being in "poor, distressed" condition who would want to live there?

March 15 2011 at 7:38 PM Report abuse +1 rate up rate down Reply

who would want to buy that?? NOT me, not even for $ 1.00 ugh....

March 15 2011 at 6:43 PM Report abuse +1 rate up rate down Reply

there is not a snowball's chance in hell that i would purchase that ugly house or even consider having my family live there!!!!!!!!!!!!!!

March 15 2011 at 6:27 PM Report abuse +1 rate up rate down Reply

what you talking about, Willis?

March 15 2011 at 5:53 PM Report abuse +3 rate up rate down Reply

Now THAT looks like a fixer upper

March 15 2011 at 5:19 PM Report abuse +3 rate up rate down Reply

gee Anita , That's what happens when you don't get out of the trailor park, lol

March 15 2011 at 5:08 PM Report abuse rate up rate down Reply

Quite possibly the fugliest house I've ever seen! Considering how his wife lives (filthy hoarder!) , they should just let her move back in and finish trashing the place. Then it can be razed, and the lot sold. Or, perhaps, she could just burn it down and collect the insurance money. Gary Coleman sure never left her with much of anything!

March 15 2011 at 5:02 PM Report abuse +2 rate up rate down Reply