No Rebound: Chicago Bulls Guard Takes a Loss (On His House)

So far this season, the Chicago Bulls are struggling to make good on the promise they showed late last spring in the NBA playoffs. To add salt to the wound, Bulls point guard Kirk Hinrich and his coach, Vinny Del Negro, are encountering some hardships off the court as well – in the real estate game.

Hinrich, who turned 29 years old on Saturday, Jan. 2, recently sold his four-bedroom, 4,022-square-foot house in Deerfield for $730,000. This reflects a loss of $176,500, or 19.5 percent from the $906,500 he spent to purchase it in the summer of 2004.

"The brick-and-stone house has 3 1/2 baths, a granite kitchen, a large family room with a fireplace, a master suite with two walk-in closets, a second-floor bonus room and a three-car garage," notes Bob Goldsborough at the Chicago Tribune.

The house was originally listed in fall 2008 for $949,000, but this figure was then cut to $919,000, $899,000 and $859,000, before Hinrich's final reduction to $829,000.

Hinrich moved into a newly-built 9,270-square-foot rustic French mansion in Bannockburn, which he bought in 2007 for $4.4 million.

Bulls head coach Vinny Del Negro, who may or may not be fired already, pulled his luxurious four-bedroom house in Highland Park off the market earlier this month after listing it at $1.325 million on Oct. 5. Del Negro, who originally purchased the house from its builder for $1.2 million, was interested in moving to another area of Chicago, according to Goldsborough.

While Del Negro's listing agent declined to comment on why he was attempting to sell the house and why he withdrew it from the market, recent murmurs about his job security may mean Hinrich's coach will have to put it back on the market sooner than later.
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