By Layla Kellogg
Bellarmine University’s president’s home is listed for sale for $2.5 million and the historic home could be yours… for $9,000 a month in mortgage payments.
The property was previously home to Dr. Joseph McGowan, the late Bellarmine University president. The home also functioned as a site for many faculty and student events and fundraisers.
According to a story on wave3.com, the home was donated to Bellarmine in 1997 by Dr. Allan Lansing and his wife, Donna.
The donation was worth around $1 million, and then approximately another $1 million was donated for renovations and furnishings, said Robert Zimlich, vice president for administration and finance at Bellarmine University.
The property was placed on the market on April 19. Jason Cissell, director of media relations and social networking office, said the home was listed after the incoming university president, Dr. Susan Donovan, decided she and her husband wanted to purchase a home in the Highlands neighborhood, closer to the university.
The historic home, referred to as The Edgewood, was originally built in 1850 and sits on 6.5 acres on Glenview Avenue. According to Realtor.com, where the home is listed online, the 7,800-square foot estate has seven bedrooms with five full bathrooms and three half baths.
The home was originally listed for $2.75 million on April 19th of this year. The price was decreased by $250,000 in early August to $2.5 million.
“Bellarmine will keep 100 percent of the money- after realtor and closing expenses- when the property is sold,” Zimlich said.
“It has not yet been determined where the money will be allotted. The president, with the approval of the Board, will determine what the funds will be used for,” Zimlich said.
The money from the sale of The Edgewood may go into Quasi-Endowment for scholarships or toward a green energy upgrade fund, Zimlich said.