Microsoft founder Bill Gates and his ex-wife, Melinda, sold a five-bedroom house in Hyde Park on Monday for $1.5 million, $50,000 below asking price.
The Gates family owned the home from 2018 to 2022, years that coincided with the time spent on campus by the couple’s son, Rory Gates, who graduated from the University of Chicago in June with a bachelor’s degree. Kirkland, Washington-based Union Street Trust, which is an entity linked to the Gates family, paid $1.25 million in the spring of 2018 to buy the home, which is just a few houses from the university’s athletic center. .
Bill and Melinda Gates divorced at the end of 2021 and there is no evidence that the property has changed hands since the couple bought it in 2018.
Built in 1902, the three-story home features 4½ baths, hardwood floors, custom window treatments, and an eat-in kitchen with professional appliances, white Shaker cabinets with glass headers, tile backsplash, an island with a sit-down bar, and a large breakfast area with doors leading outside to a terrace. Other features include melted snow on the front steps, a second floor master bedroom suite with a private balcony, and a finished basement with a large family room.
Listing agent Jason O’Beirne declined to comment on the identities of his sellers, but told Elite Street that his clients had received multiple offers on the house and “did well.”
couple first listed the house on August 3, two months after Rory Gates’ June graduation.
The home had a property tax bill of $20,369 in tax year 2020.
Public records do not yet identify the buyers.
Bob Goldsborough is a freelance reporter.
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