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
Former NM Governor Bill Richardson buys a house in Cape Cod
Posted by
Michael Swickard
on Sunday, December 11, 2011
Labels:
National News,
New Mexico News
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