21 Howard St, Strathfield is being sold at a mortgagee in possession auction this Saturday.
A builder says he has no regrets about his lavish spend on top-notch finishes in his dream home, repossessed by the lender and set to go under the hammer this Saturday.
“I was happy living there and I built it to live there,” said Steven Jeitani.
“I didn’t want to sell it, but there was a mix-up with the second mortgage.
“But it doesn’t matter, I’ll build a bigger and better one.”
The incredible five-bedroom, five-bathroom mansion at 21 Howard St, Strathfield is set to go under the hammer with a $6m guide via Belle Property’s Norman So and James Kaye this Saturday.
So says he expects it to sell on the day.
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A curved glass lift glides between all three levels.
The home cost $3m to build in 2018 — much more now!
Outdoor entertaining, complete with pool and spa.
It’s now a “mortgagee in possession” auction, having previously been listed with another agent for 52 days unsuccessfully, when Jeitani and his family were still living there.
A court order forced them out about six weeks ago and now it’s being sold off by one of the lenders.
“We’ve got four parties who say they’ll come along and bid and the reserve is in line with the price guide,” So says.
Completed five years, no expense has been spared on the build.
Constructed from off-form concrete, a curved glass lift glides between all three levels, from the six-car garage, man cave and 10-seat cinema in the basement; to the huge entertainment level on the ground floor that opens to the pool and spa and up to the extravagant top floor that features two master suites with dressing rooms and ensuites and three more bedrooms.
“It’s all very high end,” says So.
What an entrance!
Italian marble throughout.
Five lavish bathrooms.
“There’s Italian marble throughout.”
Jeitani confirmed his wife did the interiors — “she likes to do houses,” he said — and he said the marble was similar to that found in Crown and Star casinos.
He said it had cost $3m to build in 2018.
“But it would cost a lot more now,” he added.
Neighbours advised that Jeitani had hit money trouble due to an issue with a western Sydney apartment development site.
There’s a six-car garage.
And a 10-seat cinema.
When asked if that was the case, Jeitani said he didn’t want to discuss it.
“I ran out of money,” he said.
He said he was currently living apart from his wife and family in Balmain.
Land title documents show the property was purchased in the name of his wife, Kathy Jeitani.
The old home on the 727 sqm block was bought for $1.7m in 2015.
It’s mortgaged to National Australia Bank and to a private lender with two caveats, presumably others owed money.
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