- Associated Press - Monday, February 13, 2017

NEW CANAAN, Conn. (AP) - General Electric CEO Jeffrey Immelt has dropped the price of his Connecticut mansion again.

The Hour (https://bit.ly/2lHeELZ ) reports that the home in the wealthy enclave of New Canaan is now on the market for $4.725 million, down from just under $5 million.

The more than 11,000-square foot home with six bedrooms and nine full bathrooms on four acres of land was bought by Immelt and his wife, Andrea, in 2001 for $5.3 million. It was built in 2000.

The Immelts listed the home for sale last year for $5.5 million as GE readied to move its global headquarters to Boston from Fairfield, Connecticut.

The listing by Houlihan Lawrence says the home has a gourmet kitchen, solarium and an exercise room.



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Information from: The Hour, https://www.thehour.com

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