Snyder purchased the property in 2001 for over $8 million but has since acquired additional land around the property, which adds up to 15 acres with a 30,000-square-foot residence, per its property record. It overlooks the Potomac River and was previously owned by the estate of Jordanian King Hussein and Queen Noor.and spearheaded the NFL’s “Crucial Catch” campaign, in which the players were adorned in pink for a series of games.
ACS Development Company, the American Cancer Society’s real estate wing, bought the property for $0 on March 7. This came after the property had been on the market since February 2023 at an initial listing of $49 million. Six months later, he reduced the price to $34.9 million. Now, as a charitable donation, Dan Snyder will be able to deduct the appraisal of the property from his income taxes. The property’s assessed tax value was about $18 million in 2022. Dan Snyder owns two other properties in Mount Vernon, Virginia, and Aspen, Colorado. However, he filed as a resident of the United Kingdom in 2022.
“The eventual proceeds from the gift will be unrestricted and used to further ACS’s mission through funding cancer research discoveries, enhancing direct patient support in 20,000 communities across the country, and through advocating for policies that enhance access to cancer care,”to the American Cancer Society. However, the property was removed from Zillow on Monday. It remains to be seen how much the American Cancer Society will list it for.
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