Just two months after stepping down from his position as U.S. Secretary of Treasury, Timothy Geithner has decided to say goodbye to his Bethesda home in Maryland, listing it for just $995,000.
Geithner and his wife had purchased the home in 2009 for around $950,000, just after he started tenure in the Treasury department. However, looks like Geithner is looking for some modest profit listing it for just $45,000 more.
According to the listing records at Redfin, the two-story home is a 2537 square feet residence comprising of four bedrooms and two full and one half bathroom. Built in 1954, the house sports modern architecture with wooden flooring and soaring cathedral ceilings.
The home has large and spacious living areas including a family room, a living room, a formal dining room, two recreation rooms, a family room and a breakfast room as well. The lower level of the home has the gourmet kitchen with a breakfast area. A modest gym and an office/study also exist on the main level.
The master bedroom lies on the upper level along with two other bedrooms, each with attached bathrooms. The place also has an attic and a basement storage area. The home has an attached parking garage as well.
Check out the pictures of the home here.
Geithner has a strange sense of real estate business. In 2009, he listed his New York home for $1.6 million, which was around the same amount he paid for the residence when he purchased it in 2004. This is the second time the former banker-economist has listed for "hardly any profit", reports Zillow.
Maybe this is Geithner's way of contributing to the emerging real estate market!
Currently, Geithner is gearing up to pen his new book that is slated for a 2014 release. He has a contract with Crown Publishers for writing a detailed account of the "behind-the-scenes" of the financial crisis, reports Washington Post.
"Secretary Geithner will chronicle how decisions were made during the most harrowing moments of the crisis, when policy makers faced a fog of uncertainty, risked catastrophic outcomes, and had no institutional memory or recent precedent to guide them," Crown Publishers, said in a statement.
