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

Started by Tugg Speedman, September 30, 2015, 09:05:19 AM

Previous topic - Next topic

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



Death on call

Eldon

Not sure why he sold it.

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

MU82

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!
"It's not how white men fight." - Tucker Carlson

"Guard against the impostures of pretended patriotism." - George Washington

keefe

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...


Death on call

chapman

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.

Tugg Speedman

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.

Galway Eagle

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

Eldon

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.

MU82

"It's not how white men fight." - Tucker Carlson

"Guard against the impostures of pretended patriotism." - George Washington

ChitownSpaceForRent


Dr. Blackheart


GGGG

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.

Tugg Speedman

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.

4everwarriors

Purnell learned the pick and roll from Tom Kleinschmidt, ai na?
"Give 'Em Hell, Al"