Friday, August 19, 2016

How Much Would The White House Be Worth?

http://realtormag.realtor.org/daily-news/2016/08/19/how-much-would-white-house-be-worth?om_rid=AADG2i&om_mid=_BXt3peB9RYNQHB&om_ntype=RMODaily

It really boils down to what is included in the sale - I think 90m is too low....

18 acres of prime real estate in Washington, D.C.; 55,000 square feet of space; 132 rooms; 28 fireplaces; and more than 750 historic artifacts.

(original construction in 1792 cost $232,000, but the cost today would come at about $100 million). They also factored in how much comparable properties would sell (Donald Trump’s dubbed “White House of the South” in Mar-a-Lago Club in Palm Beach, Fla., is about the same size and has similar amenities is valued at nearly $100 million).

They’re estimated cost for the White House today: About $90 million.

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