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

[Tugg Speedman]

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.

[GooooMarquette]

I thought upscale places in Lincoln Park were going up. 

[GGGG]

I will never understand sinking money into that type of house if you aren't planning on making it a semi-permanent location. 

[keefe]

Looks like he was living in a law office...

[Eldon]

Not sure why he sold it.

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

[MU82]

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!

[keefe]

The last mansion I bought for $10 million I could only get $9.3 million for it.

Mansion? Sounds like a cabin...

[chapman]

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.

[Tugg Speedman]

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.

[Galway Eagle]

wonder if he paid asking price for it, possible that he just bought without any negotiating.

[Eldon]

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.

[MU82]

Mansion? Sounds like a cabin...

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

[ChitownSpaceForRent]

Anyone know where in Lincoln Park that's located?

[Dr. Blackheart]

Anyone know where in Lincoln Park that's located?

Heise's Back 40 cottage.

[GGGG]

wonder if he paid asking price for it, possible that he just bought without any negotiating.

Let's get Benny to ask him.

[Tugg Speedman]

Anyone know where in Lincoln Park that's located?

2724 North Mildred Avenue

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

Heise's Back 40 cottage.

Correct, that is the poor end of Lincoln Park.

[4everwarriors]

Purnell learned the pick and roll from Tom Kleinschmidt, ai na?