Remember how Carol Folt could not live in the Seeley Mudd Estate in San Marino because it fell into disrepair and needed retrofitting? Remember USC claimed it needed $20 million in renovations?
Well, lo and behold, the USC presidential mansion just sold for $25 million to an undisclosed buyer, which is $500,000 more than the university asked. It was apparently in fine condition.
So gone is the 7-acre property that was originally donated by Gen. George Patton. Folt happily resides at the much-smaller $8.6 million house she wanted in Santa Monica so she could live close to the water.
Mudd left the San Marino estate to USC in 1979, with the stipulation that it house the university president.
He should have prevented them from selling it too.