He’s been tapped to lead the country through a massive financial crisis, but Timothy Geithner will be lucky to break even on the sale of his own New York house.
The newly minted treasury secretary and his wife, Carole, have put their five-bedroom, 4.5-bathroom West chester home on the market for $1.635 million – just a tad north of the $1.602 million they paid for it in 2004.
The Geithners want to unload the stately Larchmont Tudor and move to Washington.
The home, built in 1931, is “very well-priced,” said local Coldwell Banker agent Debbie Meiliken.
Still, noted other Westchester real-estate agents, the Geithners will be lucky to get the asking price.
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“Comparable homes have sold for between $1.3 million to just under $1.6 million in the last few months,” noted one local agent.
Said another agent, “This is a buyers’ market. There are several homes available in that general price range.”