Bobby Petrino's Cruel Summer Continues As He Takes A $550K Bath On His Home
It's been a while since we've discussed former Arkansas head football coach Bobby Petrino. When we last heard from him, he was apologizing to Razorback nation and his family for
Bobby P can't catch a break getting caught having his affair with former Razorback volleyball player, Jessica Dorrell, a dalliance that was revealed after the two crashed Petrino's Harley in a ditch on April 1.
We have neither seen nor heard from Petrino since then, which leaves open a long list of possibilities for his whereabouts. Me, I choose to think he's sitting on a double bed at a La Quinta all day long, sporting two months worth of facial hair growth, and living in a modest room with pizza boxes strewn about and a large ashtray with hundreds of cigarette butts sitting in his lap.
One place we know he is not is in his home. That's because as of this week, the old homestead has been sold.
If you remember, the Petrino compound was one of several material possessions that the ousted coach put up for sale in the aftermath of his scandal. (Also up for sale? Petrino's golf clubs and his mangled motorcycle of sin.) Actually, truth be told, the house had been on the market for a couple years (Bobby and his wife had been looking to downsize with the kids out of the house), but Petrino's motivation to sell the family crib was undoubtedly heightened with the recent turn of events in his love life.
So happily, we can announce that Petrino sold his house, as of Monday this week:
Former Arkansas Razorbacks football coach Bobby Petrino has sold his Fayetteville mansion for $1.7 million, according to a warranty deed filed Monday in the Washington County Circuit Clerk's office.
Gary and Janet Anderson of West Fork bought the property on Bridgewater Lane in the east Fayetteville subdivision of Bridgewater Estates.
Petrino and his wife, Becky, bought the 8,741-SF home and 2.88 acres from Justin and Susan Salter in March 2008 for $2.25 million.
Salter paid $205,000 for the land and built the home in 2006. The property appraised in 2010 for $1.63 million.
It doesn't take a math whiz to crunch the numbers and see that Petrino took a $550,000 bath on his home, or the equivalent of 22 "loans" to Jessica Dorrell so she can buy a new car.
And that's not all! As long as he was shedding real estate assets, Petrino decided to sell the lake house as well:
In May, Petrino also unloaded his home on Beaver Lake in Benton County. Duncan MacNaughton, chief merchandising officer for Wal-Mart U.S., and his wife, Cynthia, paid $600,000 for the 2,532-SF home and 2.91 acres on Cedar Forest Drive in Garfield.
That was the same amount Petrino paid for the property in June 2008.
Normally, I'd say for sure that Petrino was hiding in the lake house, but since it's been sold, then I'm positive now -- he's definitely sequestered himself in a La Quinta. Wherever he is, hopefully he's polishing up his resume to the point where he's at least spelling the name of his alma mater correctly.
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