Geithner Reduces Home's Listing Price, Rents It Out Instead
Filed under: Estates, Celebrity Shopping
Even the Treasury Secretary is not immune to real estate woes. We reported back in March that after his move to Washington D.C., Timothy Geithner put his New York English Tudor style home on the market. A couple months later and no sale so Geithner has pared another $60,000 on the price, bringing it down to $1.575 million in the beginning of May. Geithner and his wife, Carole Sonnenfeld Geithner paid $1.602 million for the five-bedroom home back in 2004. The AP reports that agents Scott Stiefvater of Stiefvater Real Estate and Debbie Meiliken of Keller Williams Realty say the house was rented for $7,500 a month on May 21 giving Geithner a chance to wait until the real estate market rebounds a bit.
