Chicago Bulls coach Fred Hoiberg and his wife, Carol, on Oct. 30 paid $3.9 million for a newly built six-bedroom, French country-style mansion in Burr Ridge.
The Ames, Iowa, native played for 10 years in the NBA, including four seasons with the Bulls from 1999 until 2003. Hoiberg, 43, was the coach at his alma mater, Iowa State University, when he signed a five-year deal in June worth a reported $25 million to succeed Tom Thibodeau.
Hoiberg's three-story mansion was built by Garber Construction. It is at the far north end of Burr Ridge and has four fireplaces, seven baths, heated floors, a media room and a four-car garage, all on a 1.34-acre property. The mansion had been listed for just under $4 million.
In a July interview with the Tribune's K.C. Johnson, Hoiberg spoke about house hunting.
"Finding a house in Chicago is a little different than finding a house in Ames, Iowa," he said. "My commute goes from 12 minutes with traffic or 12 minutes without traffic to 20 minutes without traffic and 90 minutes with traffic."
Hoiberg declined to comment through a team spokesman, as did Jody Dickstein, the real estate agent who represented him in the purchase.
During his playing days with the Bulls, Hoiberg owned a 3,877-square-foot single-family house in Buffalo Grove that he bought for $467,000 in 1999. He sold that house for $536,000 in 2003 to Gar Forman, at the time a special assistant to then-Bulls general manager John Paxson. Today, Forman is the Bulls general manager who hired Hoiberg to coach, while Paxson is the team's executive vice president of basketball operations.
Meanwhile, back in Ames, Hoiberg's five-bedroom, 4,092-square-foot house has been on the market since July and has a $1.173 million asking price. He paid $1.185 million in 2010.
Bob Goldsborough is a freelance reporter.