Mark Zuckerberg and Priscilla Chan representatives confirmed. That they have sold one of their San Francisco properties for $31 million.
Zillow lists the transaction as the most expensive sale in San Francisco so far this year.
Mark Zuckerberg sold his San Francisco Home
The 7,386-square-foot house has built-in 1928. And located on the border of the Mission District and Dolores Heights regions of the city.
Includes four bedrooms and four bathrooms. Records of the transaction have recently become available to the public.
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Although the sale has completed on July 1.According to documents with Property Shark.
The 38-year-old co-founder of Facebook and Meta Mark Zuckerberg and his wife, 37, paid just under $10 million.
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For the house in 2012 using a California limited liability business, SFRP.
Na’eem Salaam, the Chan Zuckerberg Initiative’s vice president of operations.
Signed the grant deed on the seller’s and the buyer’s behalf on behalf of SFRP.
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Mr. Mark Zuckerberg and Ms. Chen were unavailable for comment as per the spokesperson.
The purchaser was a Delaware-based limited liability business. Mansion Global was unable to determine the buyer’s identity further.
Although the contact for the LLC given as Michael M. Gordon.
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A director at the Wilmington law office of Gordon, Fournaris, and Mammarella.
A request for comment was not immediately answered by him.
The home was about 1,800 square feet smaller when the couple purchased it ten years ago.
And at a time when San Francisco was beginning to see the early signs of a tech takeover.
Its sale price likely set a record for the Mission District, according to a report from The Wall Street Journal at the time.
The Chan Zuckerberg Initiative was established in 2015.
It is dedicated to “helping tackle some of society’s hardest challenges. From eradicating disease and enhancing education, to addressing the needs of our local communities,” according to its website.
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As co-founders and co-CEOs, Ms. Chan and Mr. Mark Zuckerberg are responsible.
The deal is the priciest in the city so far this year
According to Mansion Global, they paid $53 million. For nearly 600 acres of land on the Hawaiian island of Kauai last March.
Their entire land holdings on the Hawaiian island now exceed 1,300 acres.
The Silicon Valley home where Mr. Mark Zuckerberg and the other Facebook co-founders launched the social networking platform.
It was also put on the market in May and sold for close to $5.3 million.
A few weeks after its advertisement, the price decreased slightly to under $5 million.
And it removes from the market earlier this month. Currently, it is available to rent for $11,000 per month.
The sale was initially covered by The Real Deal.
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