Former Arkansas coach Bobby Petrino sells house at $550,000 loss

Bobby Petrino's Fayetteville mansion - listed at $2.5 million - has sold, according to a warranty deed filed Monday in the Washington County Circuit Clerk's office.

The Arkansas Business Journal reports that Petrino and his wife, Becky, bought the 8,741-square-foot home in March 2008 for $2.25 million. After two years of being on the market, the Petrinos finally sold their mansion for $1.7 million.

The Eye On College Football resident real estate expert Tom Fornelli suggested lowballing on the $2.5 million listing. Whether or not the buyers - Gary and Janet Anderson, of West Fork, for those interested - used that advice in the negotiations is unknown.

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CBS Sports Writer

Chip Patterson has spent his young career covering college sports from the Old North State. He's been writing and talking about football and basketball for CBS Sports since 2010. You may have heard him... Full Bio

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