1. Mark Zuckerberg and Priscilla Chan Sell San Francisco Home
Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco homes for $31 million in an off-market deal, according to a spokesperson for the family. The sale closed on July 1 and is the most expensive in the city this year.
2. Details of the Home
The home, built in 1928, is located on the edge of the Mission District and Dolores Heights neighborhoods. It spans 7,386 square feet and features four bedrooms and four bathrooms. Records of the transaction have recently become publicly available.
3. Purchase History
Zuckerberg and Chan purchased the home in 2012 for just under $10 million through a California-based limited liability company called SFRP. Na’eem Salaam, the vice president of operations of the Chan Zuckerberg Initiative, signed the grant deed on behalf of SFRP.
4. Buyer Information
The buyer of the property is a limited liability company based in Delaware. Further details about the buyer are not available at this time.
5. Previous Record and Tech Takeover
When the couple bought the home a decade ago, it was 1,800 square feet smaller and set a record sale price for the Mission District. This happened during a period when San Francisco was experiencing the early signs of a tech takeover.
6. Chan Zuckerberg Initiative
The Chan Zuckerberg Initiative, founded in 2015, aims to address various societal challenges, such as disease eradication, education improvement, and community needs. Priscilla Chan and Mark Zuckerberg serve as co-founders and co-CEOs of the initiative.
7. Additional Real Estate Ventures
In March of a previous year, the couple purchased nearly 600 acres of land on the Hawaiian island of Kauai for $53 million. This acquisition increased their total holdings to over 1,300 acres on the island.
8. Silicon Valley Home and Current Offer
The Silicon Valley home where Zuckerberg and other Facebook co-founders launched the social media platform was listed for sale in May for nearly $5.3 million. The price was later reduced to just under $5 million and eventually taken off the market. It is now available as a rental for $11,000 per month.
