While a plugged-in reader reports that 200 Manzanita down in Woodside “that sold for $13.8mm back in 2000 just sold for $8mm (after trying to get more than they paid and following the market down for three years),” according to the Chronicle the key witness in the Galleon investigation sold “her $13 million Atherton mansion” for $9.4 million in May.
UPDATE: We can’t confirm, but another plugged-in reader believes the 2009 sale price for 200 Manzanita was actually even less:
I believe that the more recent sale price (contract executed in August, with the sale having closed in September of 2009) was $5.62 million, not $8.0 million.
If so, call it a 59% drop in value over the past nine years for the Woodside mansion. If not, it’s only 42%. And perhaps Kahn did okay.
∙ Trying To Tell It Like It Is For 114 Crescent Avenue In Bernal Heights [SocketSite]
∙ Listing: 200 Manzanita, Woodside [tomdallas.com]
∙ More players emerge in Galleon Group scandal [SFGate]