Even Geithner Can't Sell His House

Real estate agents say Geithner recently rented out his Westchester County home in Larchmont, NY, after it didn't sell — even though he reduced the price to less than he paid. It's now rented for $7,500 per month.

Here is the Zillow information on the Geitherner house in Larchmont. May be this story may help to sell it as it gets a little more attention.

5 Bedrooms
4.5 Bathrooms
3,665 Sq Feet
Built in 1931

Price to Buy:
Zillow.com Zestimate: $1,367,000
Realtor List Price: $1,575,000*

According to CNN The Geithners paid a premium for the house when they bought it in 2004, plunking down $1.601 million after a bidding war. The "exquisitely renovated" home was originally built in 1931, according to a listing for the 0.2 acre property.

"When the house first went on sale it was very evident that he was not going to get what he paid for it," said Scott Stiefvater of Stiefvater Real Estate in Pelham, N.Y. "He was [bound] to lose some money."

This is a familiar story, is it not. Not surprising in a country that has more than one million foreclosures and millions of other houses on sale.

See the Geithner house here
http://www.cnbc.com/id/31086616/?slide=1