In the upper-crust Morningside Park neighborhood, there is a 5,800 square foot home that was owned by Steve Jobs, deceased former CEO of Apple, Inc. Purchased while Jobs was undergoing and recovering from a liver transplant, Jobs was receiving care in Memphis and the home became available when the chancellor of UT’s Health Science Department moved out. The house went up for sale when the market crashed, and the $1.325 million home was sold for $850,000 to a company owned privately by Jobs.

The company who Jobs bought the home under was a shell company not publicly linked to Jobs or Apple. The state had no idea who was buying the home. In addition to the monetary loss of the house sold to jobs, the state of Tennessee is still trying to sell the 11,400 square foot president’s mansion, which is listed for $2.9 million–down from $5 million. The Memphis movers hope that the state can level out state funding by what is lost on these properties.