The trend of luxury real estate sales continues in DC, with word that a historic Massachusetts Avenue Heights house, formerly the home of a Federal Reserve Bank chairman, sold for its asking price of $7.95 million.
The seven-bedroom home, which was listed by Ellen Morrell, Matthew McCormick, and Ben Roth of Washington Fine Properties, was built in 1929 on a 12,865-square-foot lot.
According to the sale announcement, the property was the former home of the late William McChesney Martin Jr. and his wife, Cynthia Davis. He was the longest-serving Fed chairman, serving from 1951 to 1970 during the administrations of Presidents Harry Truman, Dwight Eisenhower, John F. Kennedy, Lyndon Johnson, and Richard Nixon. He was succeeded by Arthur Burns.
Martin, a Yale man and an Army veteran, died in 1998 at the age of 91.
As Washingtonian has reported, in Georgetown alone in the past several months, eight homes have sold for $6 million or more.
*This post has been updated from a previous version.