This is a deal that is the most expensive deal in the city so far this year
Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco homes for $31 million in an off-market deal, a spokesperson for the family has confirmed.
According to Zillow, the deal is the most expensive sale ever in San Francisco this year. Built in 1928, the 7,386-square-foot home has four bedrooms and four bathrooms, and is on the edge of the city’s Mission District and Dolores Heights neighbohoods. The sale closed on July 1, but records of the transaction have just become publicly available.
According to records from PropertyShark, the Facebook-cum-meta co-founders, 38, and his wife, 37, bought the home in 2012 through SFRP, a California-based limited liability company, for less than $10 million. A grant deed between seller and buyer was signed by Naeem Salam, Vice President of Operations for the Chan Zuckerberg Initiative on behalf of SFRP.
Although a representative for the organization has confirmed the deal, Zuckerberg and Ms Chen were not available for comment.
The buyer was a limited liability company based in Delaware, PropertyShark records show. Mansion Global was unable to identify the buyer further, but Michael M. Gordon was listed as a liaison to the LLC. He did not immediately return a request for comment.
The Wall Street Journal reported that when the couple bought the home 10 years ago, it was about 1,800 square feet small and its sale price set a record for the Mission District, when San Francisco was seeing early signs of a tech takeover. Had been. it’s those days
Founded in 2015, the Chan Zuckerberg Initiative aims to “help solve some of society’s most pressing challenges – from eradicating disease and improving education, to meeting the needs of our local communities,” according to its website. Ms. Chan and Mr. Zuckerberg are co-founders and serve as co-CEOs.
Last March, he bought nearly 600 acres on the Hawaiian island of Kauai for $53 million, Mansion Global reported. This brought their total holdings on the Hawaiian Islands to over 1,300 acres now.
In addition, the Silicon Valley home where Mr. Zuckerberg and other Facebook co-founders launched the social media platform hit the market in May for about $5.3 million. The price was slashed to $5 million just weeks after it was listed, and was taken off the market earlier this month. This is currently offered as a rental for $11,000 per month
Read Also: One big thing seems to be common between the candidates of both the parties, know the update
