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Author Topic: Oliver Purnell, ex-DePaul coach, sells mansion at a loss  (Read 2612 times)

Tugg Speedman

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Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« on: September 30, 2015, 09:05:19 AM »
Just like his time with the Blue Demons


Oliver Purnell, ex-DePaul coach, sells mansion at a loss

http://www.chicagotribune.com/classified/realestate/elitestreet/ct-oliver-purnell-elite-street-0827-biz-2-20150825-story.html

Oliver Purnell, the former DePaul University men's basketball coach, on Tuesday sold his 12-room, 7,300-square-foot brick and stone mansion in Lincoln Park for $2.575 million.

Purnell, 62, coached DePaul from 2010 until earlier this year, when he resigned after five seasons, going 54-105 and failing to reach the NCAA tournament in any of those seasons.

Purnell purchased the mansion for $3.075 million in 2010. Built in 2008, the extra-wide, five-bedroom house has five baths, five custom fireplaces, handcrafted woodwork, Marvin windows, coffered and barreled ceilings, a grand staircase, custom doors, radiant heated floors, a wine cellar with a tasting table, an elevator, a library with a wet bar, and a custom kitchen with an AGA stove. Outdoor features include a rooftop deck and hot tub, plus a breezeway to a three-car garage.

Purnell first listed the mansion in April for $3.2 million. It most recently had been available for $2.995 million.













« Last Edit: September 30, 2015, 09:07:11 AM by Heisenberg »
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GooooMarquette

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #1 on: September 30, 2015, 09:27:39 AM »
I thought upscale places in Lincoln Park were going up. 
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GGGG

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #2 on: September 30, 2015, 09:29:44 AM »
I will never understand sinking money into that type of house if you aren't planning on making it a semi-permanent location. 
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keefe

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #3 on: September 30, 2015, 09:31:19 AM »
Looks like he was living in a law office...
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Eldon

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #4 on: September 30, 2015, 10:09:41 AM »
Not sure why he sold it.

There is a good chance that he will be coaching at DePaul again.
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MU82

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #5 on: September 30, 2015, 10:12:42 AM »
Quote from: Eldon on September 30, 2015, 10:09:41 AM
Not sure why he sold it.

There is a good chance that he will be coaching at DePaul again.

I chuckled!

As for taking a loss on the house sale, hey, we've all been there. The last mansion I bought for $10 million I could only get $9.3 million for it. I was so depressed I jumped on my yacht and took off for my winter home on St. Kitts!
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keefe

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #6 on: September 30, 2015, 10:14:23 AM »
Quote from: MU82 on September 30, 2015, 10:12:42 AM
The last mansion I bought for $10 million I could only get $9.3 million for it.

Mansion? Sounds like a cabin...
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chapman

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #7 on: September 30, 2015, 11:10:08 AM »
Quote from: The Sultan of Sunshine on September 30, 2015, 09:29:44 AM
I will never understand sinking money into that type of house if you aren't planning on making it a semi-permanent location.

Agree...and if you take the DePaul job, you shouldn't be planning on it being semi-permanent.
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Tugg Speedman

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #8 on: September 30, 2015, 12:40:36 PM »
Quote from: GooooMarquette on September 30, 2015, 09:27:39 AM
I thought upscale places in Lincoln Park were going up.

They are ... it appears his real estate acumen is about as good as his basketball acumen.
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Galway Eagle

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #9 on: September 30, 2015, 02:14:15 PM »
wonder if he paid asking price for it, possible that he just bought without any negotiating.
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Eldon

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #10 on: September 30, 2015, 02:35:11 PM »
Quote from: Heisenberg on September 30, 2015, 12:40:36 PM
They are ... it appears his real estate acumen is about as good as his basketball acumen.

With all of the talent in Chicago, the guy couldn't even recruit a decent real estate agent.
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MU82

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #11 on: September 30, 2015, 03:53:42 PM »
Quote from: keefe on September 30, 2015, 10:14:23 AM
Mansion? Sounds like a cabin...

OK, you got me ... it was the servants' quarters.
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ChitownSpaceForRent

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #12 on: September 30, 2015, 03:54:06 PM »
Anyone know where in Lincoln Park that's located?
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Dr. Blackheart

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #13 on: September 30, 2015, 06:52:10 PM »
Quote from: ChitownSpaceForRent on September 30, 2015, 03:54:06 PM
Anyone know where in Lincoln Park that's located?

Heise's Back 40 cottage.
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GGGG

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #14 on: September 30, 2015, 06:55:57 PM »
Quote from: BagpipingBoxer on September 30, 2015, 02:14:15 PM
wonder if he paid asking price for it, possible that he just bought without any negotiating.


Let's get Benny to ask him.
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Tugg Speedman

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #15 on: September 30, 2015, 07:14:19 PM »
Quote from: ChitownSpaceForRent on September 30, 2015, 03:54:06 PM
Anyone know where in Lincoln Park that's located?

2724 North Mildred Avenue

About a mile straight north of the Depaul's practice facility



Quote from: Dr. Blackheart on September 30, 2015, 06:52:10 PM
Heise's Back 40 cottage.

Correct, that is the poor end of Lincoln Park.
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4everwarriors

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Re: Oliver Purnell, ex-DePaul coach, sells mansion at a loss
« Reply #16 on: September 30, 2015, 08:15:22 PM »
Purnell learned the pick and roll from Tom Kleinschmidt, ai na?
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