Old Saybrook, Conn (WTNH) – It was rumored that President Barack Obama has considered purchasing the late Katharine Hepburn’s 8,300-square-foot mansion in the posh Fenwick section of Old Saybrook.

Some folks living in the Fenwick section of Old Saybrook were not surprised by the recent rumors.

Marge Taylor says news President Barack Obama may be looking at Katherine Hepburn’s old house is nothing new. She says his daughters Sasha and Malia have already been seen around the neighborhood because Sasha is friends with a girl who’s family has a home here.

“The daughters go by here with their bicycles. They’re lovely girls,” she said.

Whether or not the supposed Obama daughter sightings have sparked speculation the president is looking at the screen idol’s former home is not known.

According to the Connecticut Post , the current owner, New York construction executive Frank Sciame bought the 1938 brick mansion with his wife, Barbara, for $6 million in 2004. They are neither confirming nor denying the rumor.