Chip Kelly's Eugene real estate is really big
EUGENE, Ore. Chip Kelly's gone. But, Duck fans, console yourselves. He's left a big piece of himself behind.
To be precise, the 6,300-square-foot house he recently built on a half-acre double lot off Gilham Road in northeast Eugene.
The city of Eugene issued the occupancy permit for the giant house barely a year ago.
In a neighborhood of new, supersize executive homes, Kelly's pad stands out as extra-supersize.
Not satisfied with a standard lot in the high-end subdivision along Creekside Way, the University of Oregon head football coach bought two lots for his house.
The two-story residence sports 6,281 square feet of indoor living space, including six bedrooms, five full bathrooms and one half-bathroom, according to Lane County's property database. Plus, it has a 1,200-square-foot indoor basketball court, an 800-square-foot garage, an 849-square-foot in-ground outdoor swimming pool, and a 1,300-square-foot outdoor patio, according to the database.
Kelly took out a $1.2 million mortgage to build the place, according to the mortgage document filed with Lane County.
Lane County says the property has a market value of $1.1 million. Kelly's annual property tax bill last November was $15,045.
So, even if Kelly's moving to the East Coast, he'll still be giving a big financial helping hand to local government in Lane County as long as he owns the property.
Kelly could not be reached for comment via the Philadelphia Eagles about whether he plans to sell the home.
If he opts to sell in Lane County's lukewarm market, will he be able to recoup his outlay?
Kelly lost money on his first real estate transaction in Eugene.
Soon after moving here in early 2007 to take the job as the Ducks' offensive coordinator, Kelly in August 2007 paid $525,000 for a 2,500-square-foot house on Roanoke Avenue, off Crescent Avenue in northeast Eugene, according to a deed filed with Lane County. That was at the peak of Lane County's and the nation's real estate boom. Shortly thereafter, the local and national real estate markets began to collapse, bruising millions of homeowners.
Kelly managed to sell the Roanoke Avenue house for $450,000 last summer, according to a deed filed with Lane County.