Bernie Sanders Lake House: Sanders Net Worth Lower Than Third Home’s Price
Senator Bernie Sanders recently purchased a new summer home in the Chaplain Islands.Advertisement
The summer home, which cost nearly $600,000, is located on a lakefront camp in North Hero.
The dwelling features four bedrooms and 500 feet of Lake Champlain beachfront. The single family home was built in 1920.
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Bernie Sanders Lake House: “We’ve been impressed with the North Hero community”
“We’ve traveled up to the islands many times over the years — almost always on day trips,” Jane O’Meara, Sanders’ wife, said in a written statement, as reported by Seven Days. “We’ve been impressed with the North Hero community, eaten at the North Hero House and Shore Acres and have suggested them to friends who were looking for a beautiful place to stay or have dinner. St. Anne’s Shrine in Isle La Motte is my favorite church and it is nearby.”
According to Zillow.com, some of the features of the home – built on a 1.13 acre area – include a dock, hardwood, linoleum/vinyl flooring, a detached garage parking facility, and a porch.
A report from last year showed that according to the senator’s presidential personal financial disclosure form, he and his wife reported between $194,026 and $741,030 in assets, a broad combination of investment funds.
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The report also highlighted that in comparison with his Senate colleagues and presidential contenders, Sanders was noted to be less wealthy. Former president Bill Clinton and former secretary of state Hillary Clinton made $30 million in a year and a half, as highlighted in the personal financial disclosures released in May.
Except for a municipal pension, Sanders’ financial disclosure form does not list any assets. The assets listed are in his wife’s name. Moreover, he has not reported any trusts or stocks.
Eileen Mitchell, town selectboard member, was delighted over the news of the senator moving. “We couldn’t ask for a nicer person to move in — that’s my opinion,” Mitchell said.
Sanders is also the owner of a row house on Capitol Hill in Washington, D.C., and a house in Burlington’s New North End.