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Timothy Geithner's House Goes Under Contract


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]