The Gloria Crest Mansion Is Heading To Foreclosure Auction
The Gloria Crest Mansion is one of New Jersey’s most expensive properties and it is now heading to foreclosure auction.
The Italianate mansion in Englewood, New Jersey first went on the market for $39 million in 2013.
The mansion is now heading to the auction block for $17 million on April 21st, as first reported by NJ.com.
Edward Turen is the current owner of the Gloria Crest Mansion.
Turen is also the CEO of the multinational conglomerate Control Equity Group.
Turen bought the home for $4.8 million in 2000 but he then took out mortgages on the home for more than it was worth.
The magnificent 24,000 square foot mansion was bought for movie star Gloria Swanson by Joseph Kennedy. Kennedy was the patriarch of the Kennedy family and was having a torrid affair with Swanson.
The mansion was originally built for Count Stefan de Poniatowski in the mid-1920s. The Polish count, who claimed to be heir to the Polish throne lost his fortune in the 1929 stock market crash.
The house contains gilded moldings and a stained glass ceiling in the kitchen. It also contains huge fireplaces in almost every room. The mansion also sits on five acres hidden behind old fashioned walls. It boasts 8 bedrooms, 9 full bathrooms, five powder rooms, “banquet sized reception rooms,” four full kitchens, an elevator and a 7-car garage, according to a former listing.
It also boasts 8 bedrooms and 9 full bathrooms that include five powder rooms. In addition, it contains banquet sized reception rooms and four full kitchens. It also includes an elevator and a 7-car garage.