According to the Chicago Tribune, Olsen had been with the Bears since 2007, and the team traded him in the off-season for a draft pick. Olsen left town still in possession of the 4,314-square-foot Long Grove house, which he purchased for $1.29 million when he came to the Bears.
The house has four bedrooms, 5.5 bathrooms, a gourmet kitchen and a fully furnished English basement with a theater, the source stated.
Olsen lost a substantial amount of money on the house, placing it on the market for $995,000 after he was traded and then cutting the asking price to $949,000, the Tribune reported.
The estate was built in 2006 and was formerly a model home with a study and built-in custom lighting, according to the Tribune. Olsen's wife Kara Dooley Olsen is the listing agent for the home.
The average home price in Long Grove is $634,000, according to Zillow.com.
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