The initial bid for the May 11, 2018 auction of Lil Kim’s New Jersey mansion is $100. A bargain compared to the $2.3 M, 6,026-square-foot mansion that the rapper purchased in 2002.

 

 

 

 

 

 

Despite years of mortgage difficulties, Lil Kim’s estimated net worth of $18 M surpasses the value of her home. According to NJ.com, this led HSBC Bank to initiate foreclosure in 2010. In 2015, Lil Kim (Kimberly Jones) and the bank were in mediation, but in May of that year, a magistrate ruled that she was in default.

The $100 bid by the Bergen County Prosecutor’s Office is low, but the property built in 1989 will sell for . The two-acre property is located in Alpine, a prestigious neighborhood minutes from Manhattan and one of the wealthiest zip codes in the United States. The median home value in Alpine is $2.9 M, and notable residents include comedian Chris Rock and Trump adviser Kellyanne Conway.

39 Timberline Drive, which will soon be Lil Kim’s former address, is valued at $3 M.