Timothy Geithner in New York, Estate of the Day
Treasury Secretary Timothy Geithner is making his move to Washington D.C. official and is selling his New York home. The English Tudor style home has a Larchmont, New York address but is actually in the village of Mamaroneck. The five-bedroom brick home was built in 1931 and sits on .18 acres. It is listed at $1.635 million.
Geithner, who already lives in Washington may not make much of a profit on his home due to falling real estate prices. The AP found the property records which show that Geithner and his wife, Carole Sonnenfeld Geithner paid $1.602 million for the home back in 2004. Throw in the agent fee and transfer taxes and the Geithners could end up losing money especially since people are tending to make offers below the listing price these days. The Geithners are motivated sellers and have priced the home at a rate comparable to, or even slightly lower than, similar homes appearing in the MLS. The casual and comfortable home includes a large kitchen with black granite countertops, a living room and den separated by French doors and a bookcase-filled home office.
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Reader Comments (Page 1 of 1)
mike Mar 10th 2009 6:05PM
remind me to never live in Larchmont, New York. That house wouldn't sell for 350k in DFW.
Aron Mar 10th 2009 7:12PM
The Geithner aren't much for decorating are they.
Chris Mar 11th 2009 10:55AM
Deidre, have you seen the Codman estate up here in Mass?
http://www.boston.com/realestate/news/articles/2009/03/08/changing_of_the_guard/?page=1
Deidre Woollard Mar 11th 2009 11:20AM
Thanks for the tip, Chris, look for a story on Codman Point later today.
Duke Mar 11th 2009 11:49AM
See what you can own, when don't pay taxes. Wait till you see what he gets in Washington.
kathy Mar 11th 2009 2:10PM
Watch him try to take a tax deduction for the loss!
GlobalDia Mar 12th 2009 10:09AM
for such an old house the interior is surprising not that bad (well, except for that blue bathroom).
and yes, thats what $1.6mio gets you in larchmont....welcome to new york.
charles Mar 12th 2009 9:33PM
No comment about Geithner's house except that he needs a smaller desk to match his little boy looks
He appear to be a littler boy sitting on his father's desk
What a piece of excrement cheater we have11