Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco homes for $31 million in a deal that was not on the market A spokesperson for the family has confirmed.
This deal is among the most expensive one in the city thus to date.
It is the highest-priced sale that has been made in San Francisco so far this year in accordance with Zilllow. The 1928-built 7,386 square-foot house features 4 bedrooms as well as four baths and is located in the middle of both the Mission District and Dolores Heights neighborhoods in the city. The sale was completed on July 1, however documents of the transaction are now available to the public.
The co-founder of the Facebook-cum-Meta, 38 and his wife, 37, bought the house in 2012 for just 10 million dollars through a limited liability company based in California, SFRP, according to documents with PropertyShark. A grant deed that was signed between the seller and buyers was signed behalf of SFRP by Na’eem Salam, the vice president of operations for Chan Zuckerberg Initiative. Chan Zuckerberg Initiative.
While a representative of the company confirmed the transaction the deal, the Mr. Zuckerberg and Ms. Chen were not available to clarification.
It was an LLC corporation located within Delaware, PropertyShark records show. Our Team was unable to identify the buyer in any further detail however Michael M. Gordon, director of the firm that represents lawyers Gordon, Fournaris and Mammarella in Wilmington was identified as the contact of the LLC. Gordon did not respond immediately to an inquiry for comments.
The couple purchased the property in the past 10 years the home was approximately 1800 square feet smaller, and its price was likely to set a new record for that area. Mission District at a time that San Francisco was seeing the first signs of a technology acquisition, The Wall Street Journal published in the year.
In 2015, it was founded in the year 2015. Chan Zuckerberg Initiative aims “to aid in solving society’s biggest challenges, from eliminating disease to improving education to addressing the needs of neighbors,” according to its website. Mrs. Chan and Mr. Zuckerberg are co-founders of the initiative and are co-CEOs.
In March of this year, they bought nearly 600 acres on Kauai, the Hawaiian Island of Kauai at a cost of $53 million Mansion Global reported. This increased their holdings to over 1,300 acres of land of land on this Hawaiian island.
Additionally to that, in addition, Silicon Valley home where Mr. Zuckerberg and the other Facebook co-founders created the social media platform came on auction in the month of May, for close to $5.3 million. The price was reduced to under $5 million within a couple of days after being put on the market and then removed from the market earlier in the month. It’s now being offered for rent at one hundred thousand dollars per month.
