Was it the low inventory or the slew of publicity? Either way the Bethesda house belonging to former Treasure Secretary Timothy Geithner has gone under contract after less than a week on the market. He bought the 4 bed, 3 bath in 2009 for $950,000 but put it on the market last week for $995,000. And just like that it found a buyer. Geithner still has a house in Larchmont, NY that he is renting out after not being able to find someone to buy it for $1.635M. Let's assume this Bethesda home got its asking price or a little more, in which case Geithner will make at least $45K from the sale.
· Listing: 5709 Ogden Road [Redfin]
· Former Treasury Secretary Timothy Geithner Lists In Bethesda [CDC]
· Even Tim Geithner can't sell his house [Money]