Russell Wilson's Denver-area home sells for less than record-setting purchase price – Denver Business Journal – The Business Journals
Listen to this article 4 min
Russell Wilson appears to be making a quick departure from Denver and will lose $3.5 million as he goes.
The Broncos’ recently released quarterback has sold his Cherry Hills Village home for $21.5 million, according to property records recorded on March 20. That’s compared to the record $25 million he and his wife, singer-songwriter Ciara, paid for the home at 10 Cherry Hills Park Drive on April 1, 2022.
After the Broncos released Wilson earlier this month, Wilson signed a one-year deal with the Pittsburgh Steelers. The Steelers will pay Wilson $1.21 million, while the Denver Broncos will pay the remainder of his $39 million salary, according to the Associated Press. In all, Wilson will essentially be paid $124 million for two years of service and 11 wins with the Broncos, according to 9News’ reporting.
It was reported in February that Wilson and his wife were quietly seeking offers on their 13,000-square-foot home on a 5.34-acre property. It boasts four bedrooms, 12 bathrooms and a 2,590-square-foot pool house with an indoor pool.
Related: See a gallery of the interior and exterior photos of Russell Wilson’s former home in Cherry Hills Village.
Property records show it is now owned by Cherry Park LLC, an entity formed just a week before the purchase, according to Colorado Secretary of State records.
The deed transferring the home was signed in Washington state by Duchess Investments LLC manager Scott Pickett. Pickett also appears to be the director of Russell Wilson Quarterback Academy, Wilson’s Seattle-based business that says it is “dedicated to providing the highest level of instruction for quarterbacks of all ages.”
Wilson also owns a waterfront mansion in the Seattle area that he listed in 2022 for $36 million, according to previous reporting. The price of the home, which originally included a second parcel of land valued at $8 million, has since dropped to $28 million and then $26 million as it sits on the market.
2024 Most Admired CEO (Nominations close Monday, July 22, 2024)
The Denver Business Journal is seeking nominations for our annual Most Admired CEOs awards, which highlights CEOs and their contributions to their companies and communities. Do you know a chief executive who deserves the title? Nominate them today.
© 2023 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 24, 2023) and Privacy Policy (updated December 19, 2023). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American CityBusiness Journals.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Russell Wilson appears to be making a quick departure from Denver and will lose $3.5 million as he goes.
The Broncos’ recently released quarterback has sold his Cherry Hills Village home for $21.5 million, according to property records recorded on March 20. That’s compared to the record $25 million he and his wife, singer-songwriter Ciara, paid for the home at 10 Cherry Hills Park Drive on April 1, 2022.
After the Broncos released Wilson earlier this month, Wilson signed a one-year deal with the Pittsburgh Steelers. The Steelers will pay Wilson $1.21 million, while the Denver Broncos will pay the remainder of his $39 million salary, according to the Associated Press. In all, Wilson will essentially be paid $124 million for two years of service and 11 wins with the Broncos, according to 9News’ reporting.
It was reported in February that Wilson and his wife were quietly seeking offers on their 13,000-square-foot home on a 5.34-acre property. It boasts four bedrooms, 12 bathrooms and a 2,590-square-foot pool house with an indoor pool.
Related: See a gallery of the interior and exterior photos of Russell Wilson’s former home in Cherry Hills Village.
Property records show it is now owned by Cherry Park LLC, an entity formed just a week before the purchase, according to Colorado Secretary of State records.
The deed transferring the home was signed in Washington state by Duchess Investments LLC manager Scott Pickett. Pickett also appears to be the director of Russell Wilson Quarterback Academy, Wilson’s Seattle-based business that says it is “dedicated to providing the highest level of instruction for quarterbacks of all ages.”
Wilson also owns a waterfront mansion in the Seattle area that he listed in 2022 for $36 million, according to previous reporting. The price of the home, which originally included a second parcel of land valued at $8 million, has since dropped to $28 million and then $26 million as it sits on the market.
2024 Most Admired CEO (Nominations close Monday, July 22, 2024)
The Denver Business Journal is seeking nominations for our annual Most Admired CEOs awards, which highlights CEOs and their contributions to their companies and communities. Do you know a chief executive who deserves the title? Nominate them today.
© 2023 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 24, 2023) and Privacy Policy (updated December 19, 2023). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American CityBusiness Journals.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
