Rick Pitino's house in Louisville is now up for sale
By Grace Schneider
Let the rubbernecking begin. Rick Pitino has put his East Louisville house up for sale -- and the word is that it will likely sell quickly.
A sign appeared Thursday in the front yard of the house on Mockingbird Gardens Drive advertising that the 5,100-square-foot home is now on the market. No price was revealed, but that's often not put on sale signs for million-dollar homes.
Phone messages left for Scott Panella, the agent whose name is listed on the sign, were not returned late Thursday afternoon.
The University of Louisville men's basketball coach, who was placed on leave and now faces firing following revelations emerging from a national recruiting scandal, said recently that he and his family would sell their home and pull out of the area. They have homes in Florida and other states.
The house in Mockingbird Gardens Estates neighborhood has 5,100-square feet, a large in-ground swimming pool, and massive finished basement. It's valued for tax purposes at $1,075,920. But given that's a 4-year-old assessment, it's likely to go for a bigger price.
Scott Panella, the agent whose name is on a sign, could not be reached Thursday afternoon.
Pitino and his wife, Joanne, built the home and transferred it to their daughter Jacqueline E. Pitino in December 2013 after it was completed for a reported sale price of $101,000, according to Jefferson County Property Valuation Administrator records. Last November's tax payment was almost $13,800.
Mockingbird Gardens Estates in the Brownsboro Road-Chenoweth Lane area is one of the city's most exclusive neighborhoods. Property records show that the family has lived there for more than a decade.
Joanne Pitino purchased a larger 9,000-square-foot home next door for $2.25 million in August 2001 and that the family owned another house in the same neighborhood.
University of Louisville officials reported when the family moved from the massive brick home on the same street that the couple was downsizing. The home up for sale is far smaller by comparison, but it's still opulent -- with five full bathrooms and another half bath. It has 2,500-square feet of finished space in the basement, PVA records show.
On Thursday, despite the new sign in the yard, real estate agents with access to the MLS, the multiple-listing service showing most homes for sale in the market, indicated that they didn't yet see a listing for the property.