He bought the fencing coach's house. And then his son got into Harvard
BREAKING NEWS ALERT
It was a modest house by Needham’s standards, a center-entrance colonial, three bedrooms and a two-car garage on a quarter-acre lot. The inside hadn’t welcomed a renovator in many, many years, and the outside didn’t wear its age particularly well.
Its owner: Peter Brand, Harvard University’s legendary fencing coach. Its assessed value: $549,300.
So when the house sold to a wealthy Maryland businessman for close to a million dollars in May 2016, the town’s top assessor was so dumbfounded that he wrote the following in his notes: “Makes no sense.”
Now it might.
The buyer, it turns out, was the father of a high school junior who was actively looking at applying to Harvard with an eye toward being on the fencing team.
Soon enough, Jie Zhao’s younger son would gain admission and join the team. And Zhao, who never lived a day in the Needham house, would sell it 17 months after he bought it for a $324,500 loss.
The home sale may become the next chapter in the national debate over fairness in college admissions.
To read the full story, visit www.BostonGlobe.com.
BREAKING NEWS ALERT
It was a modest house by Needham’s standards, a center-entrance colonial, three bedrooms and a two-car garage on a quarter-acre lot. The inside hadn’t welcomed a renovator in many, many years, and the outside didn’t wear its age particularly well.
Its owner: Peter Brand, Harvard University’s legendary fencing coach. Its assessed value: $549,300.
So when the house sold to a wealthy Maryland businessman for close to a million dollars in May 2016, the town’s top assessor was so dumbfounded that he wrote the following in his notes: “Makes no sense.”
Now it might.
The buyer, it turns out, was the father of a high school junior who was actively looking at applying to Harvard with an eye toward being on the fencing team.
Soon enough, Jie Zhao’s younger son would gain admission and join the team. And Zhao, who never lived a day in the Needham house, would sell it 17 months after he bought it for a $324,500 loss.
The home sale may become the next chapter in the national debate over fairness in college admissions.
To read the full story, visit www.BostonGlobe.com.
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