Stephanopoulos Settles for $1M Less on Georgetown Home
Stephanopoulos and his wife, actor/comedian Ali Wentworth, sold the estate to Alan Adler of Chevy Chase Trust for $5.45 million, about a million less than its $6.35 million price tag. The couple even threw in $42,000 to cover the cost of repairing an elevator and sundry other issues.
HousingWatch first reported on the home when it hit the market in February. The 5,652-square-foot, Georgian-style brick mansion comes with five bedrooms, six and a half bathrooms and a spot in one of the more upscale neighborhoods in D.C.
Despite the loss, Stephanopoulos was said to be eager to close the deal, according to the Washington Examiner. The family is expected to move on June 15 to the New York's Upper East Side to be closer to Stephanopoulos' job at "Good Morning America." Prior to the sale, he had been commuting to New York.
The hardnosed buyer, Alan Adler, knows a thing or two about bargain real estate. Adler is the Managing Director of Chevy Chase Preferred Capital Corporation, a real estate investment trust. He also, apparently, enjoys a good game of polo. The Adlers are expected to move in this summer.
See more homes for sale in Washington, D.C. at AOL Real Estate.