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Blagojevich lowers listing price

Former Illinois Governor Rod Blagojevich recently lowered the asking price on his Illinois mansion.

Former Illinois Governor Rod Blagojevich recently lowered the asking price on his Illinois mansion.

Recently sentenced former Illinois Governor Rod Blagojevich lowered the asking price on his home in Chicago's Ravenswood Manor neighborhood by $72,000.

Blagojevich, who was recently sentenced to 14 years in prison for 17 counts of wire fraud, bribery, attempted extortion and conspiracy, originally put his house on the market in October for $1.07 million, the Chicago Tribune reported. Following a lack of interest from potential buyers, Blagojevich lowered the price of the home to $998,000.

The 3,817-square-foot house has 13 rooms and features a Mediterranean theme. It was built in the 1920s and has three bedrooms which were completely renovated while the Blagojevich family lived there, according to the Tribune.

The former governor purchased the home in 1999 for $505,000, and his wife, Patti, is listed as the real estate agent. The family has not decided where they will relocate after packing up and moving from the Ravenswood home, the news source reported.

The average home value in Ravenswood is $245,300, according to Zillow.