Villanova University head basketball coach Jay Wright may have just sold his Berwyn home for $2.32 million, but that doesn’t necessarily mean he’s moving out of the area, writes Kennedy Rose for The Philadelphia Business Journal.
The property owned by Wright and his wife Patricia sold earlier this month slightly below their initial asking price of $2.45 million.
At the time the home was first listed in February, the Wrights wanted to down size and move closer to the Villanova campus, according to real estate broker Maribeth McConnell of Berkshire Hathaway HomeServices Fox & Roach.
The current house is a 15-minute drive from the university.
When the home was listed there was speculation that he was leaving to coach the NBA’s New York Knicks, speculation that Wright and Villanova denied, Forbes reported.
Under Wright’s coaching, the Villanova men’s basketball team, the Wildcats, won the NCAA championships in 2016 and 2018. He has served as head coach for 19 seasons.
The Wrights purchased the 1959 home in 2009 for $1.6 million and refurbished it, adding a new driveway, fence and combination basketball and tennis court, along with interior updates.
The home has five bedrooms, four full baths and two half-baths.
Read about the sale here.
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