Realtor.com
This 6,500-square-foot dwelling at 555 Argyle Ave. is called the “Wedding ceremony Cake Home” because of its tiered design.
After 15 months in the marketplace, the Alamo Heights mansion of disgraced San Antonio lawyer Chris Pettit lastly has a bidder, in response to the Categorical-Information.
The CEO of San Antonio-based door producer Steves & Sons Inc., Edward Galt Steves, positioned a $2.3 million bid to purchase the 6,500-square-foot property dubbed the “Wedding ceremony Cake Home,” the each day reviews. The three-bedroom, four-bathroom dwelling designed by architect Tom Pressley obtained its nickname because of its multi-tiered design.
The house was initially put in the marketplace for almost $4 million in November 2022. Nevertheless, the asking value has been lowered six instances since then, with its newest set at $2.8 million.
Pettit was pressured to place the house up on the market after his legislation agency, which targeted on wills and property planning, Chris Pettit & Associates P.C., filed for chapter in June 2022, in response to the Categorical-Information.
Federal prosecutors charged Pettit with working a Ponzi-type scheme to defraud prosperous and infrequently aged San Antonio-area residents out of tens of thousands and thousands of {dollars}. Final month, Pettit was sentenced to 50 years in federal jail for his function within the plot.
Steves, who — alongside together with his brother — runs what some think about Alamo Metropolis’s oldest family-owned enterprise, doesn’t but personal Pettit’s landmark dwelling. As a substitute, different events may have the chance to outbid the enterprise proprietor in $25,000 increments throughout an public sale overseen by the U.S. Chapter Courtroom in San Antonio on April 1, in response to the each day.
The residence, situated at 555 Argyle Ave., is the final of Pettit’s quite a few properties to stay unsold throughout chapter proceedings.
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