Former NM Governor Bill Richardson buys a house in Cape Cod

From Capitol Report New Mexico.com - Hat tip to Steve Terrell of the Santa Fe New Mexican who discovered through a newspaper up in Cape Cod that Bill Richardson just bought a house in Chatham, Mass.: Former New Mexico Gov. William “Bill” Richardson and his wife, Barbara Flavin Richardson, paid $1.67 million for a house on Fox Pond and Strong Island Road, according to the deed recorded on Sept. 15. The couple secured a $675,000 mortgage from the Cape Cod Five Cents Savings Bank and purchased the 2,278-square-foot house from Gerald and Stephanie Coughlan of Wellesley. The Coughlans paid $1.6 million for the property on Nickerson Neck in 2004. Most of the property’s value — $1.5 million — is in the 36,200-square-foot pond-front lot, according to Chatham assessing records. The assessed value of the three-bedroom house with 4.5 bathrooms was $297,900. “Gov. and Mrs. Richardson will use this home as a vacation home,” Richardson spokesman Caitlin Wakefield emailed Friday. “Their primary residence will continue to be Santa Fe, N.M. Mrs. Richardson has longstanding ties in the Cape Cod area.” Read more
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