Liddell’s Mansion Sold – $4.5M to Chandan Chauhan

Christopher P. and Patricia Liddell sold their Medina mansion in March 2011 for $4.5 million to Chandan Chauhan.  Christopher had been CFO for Microsoft and GM (see 3/12/11 post).  Chandan is a co-founder and Sr VP for Bellevue based Intelius.  The company was founded in 2003 and specializes in searches of Internet records for background checks and personal and business protection services.  Intelius’s primary co-founder, President and CEO is Naveen Jain (page 95 in LW 130 Homes).

The estate has 7,365 sq ft on 0.63 acres with 134 feet of waterfront, 5 bedrooms and 5 baths. It is near the tip of Evergreen Point, facing west and about 120 yards north of Michael Mastro’s former mansion. The Liddells purchased the mansion in 2005 for $7 million. This home features a prime view, lush landscaping with a brook and pond, a large game room with a second kitchen, and two docks.  More information is in Lake Washington 130 Homes on page 127.

Liddell’s Medina Mansion – Resigns From GM

This home is owned by Christopher P. and Patricia Liddell. Christopher, born in New Zealand, had been with Microsoft as Senior Vice President and CFO from 2005 to 2009. He came to Microsoft from International Paper where he was Sr. VP & CFO. He left Microsoft in December 2009 and moved in 2010 to Detroit to take the CFO position with GM. His base starting salary with GM was $750,000 per year and it was publicized he could get up to $5.45 million in stock. (Go to Seattle Times December 24, 2009, article.) The Medina home was listed for sale at $8.8 million in May 2009 but did not sell.

The national press and the Seattle Times announced on March 10, 2011, Chris was resigning from GM after being passed up for the top job. He had been recognized as doing an outstanding job as GM’s CFO.

The estate has 7,365 sq ft on 0.63 acres with 134 feet of waterfront, 5 bedrooms and 5 baths. It is near the tip of Evergreen Point, facing west and about 120 yards north of Michael Mastro’s former mansion. The Liddells purchased the mansion in 2005 for $7 million. This home features a prime view, lush landscaping with a brook and pond, a large game room with a second kitchen, and two docks. More information is in Lake Washington 130 Homes on page 127.

Mastro Mansion Sells for $9.1 Million

The Seattle Times reported Michael Mastro’s Mansion sold for $9.1 million by the bankruptcy court. The buyers used an attorney to sign the documents to keep their identity off the official records.

My previous blogs below, dated 10/11/10 and 11/12/09, provide additional information on the Mastro bankruptcy and “family and friends” investors. The photograph above is from page 126 in my book, Lake Washington 130 Homes.

Seattle Times article:  Click here

More in formation is in previous posts on 10/11/10 and 11/12/09.

Mastro Mansion $9.9 Million Selling Price

The Seattle Times and Puget Sound Business Journal have reported Michael Mastro’s Mansion will soon be listed for sale by the bankruptcy court for $9.9 million. The Business Journal article includes numerous pictures of the interior. It has taken over a year for the bankruptcy court to take over the house and offer it for sale to provide some of the partial payment to creditors. The Mastros tried to set up and claim it as property not subject to the bankruptcy.

My previous blog below, dated 11/12/09, provides additional information on his bankruptcy and “family and friends” investors. The photograph above is from page 126 in my book, Lake Washington 130 Homes, http://www.hundredhomes.net/. I remember many times going by the Mastros’ mansion by boat and seeing a large parties (for family & friends?) with a band and waiters and waitresses in formal attire. The Evergreen-Point mansion is 7,050 square feet with 176 feet of waterfront. The Mastros paid $15 million for the mansion in July 2006.

Seattle Times article

Puget Sound Business Journal article with 16 pictures

(More in formation is in a previous post on 11/12/09 and an update is in an 11/10/10 post.)

Machael Mastro's Mansion

These are photographs of Michael R. Mastro’s Medina/Evergreen-Point mansion. It is 7,050 square feet with 176 feet of waterfront. The Mastro’s paid $15 million for the mansion in July 2006. I took these photographs and they are from my book, Lake Washington 130 Homes, http://www.hundredhomes.net/.

The Seattle Times and Puget Sound Business Journal have reported Michael Mastro, age 84, declared bankruptcy this summer. His investors included many “family and friends” who begged to let them invest in his commercial real estate projects. His projects, up until 2008, had substantially higher than average returns for more than 20 years. The publications also reported Mastro, regarding allegations that he tried to put this mansion, Rolls-Royce and jewelry out of reach of creditors, stated, “These allegations are misleading, incomplete and inflammatory.”