What is the White House Worth?
January 22nd, 2010 categories: Pricing
According to Real Trends- Zillow first gave the White House a Zestimate in January 2009. At that time, Zillow estimated it was worth $308 million, based on the home’s physical attributes (132 rooms, 55,000 square feet), historical value and housing performance in the local Washington, DC market. Today, as the President prepares to mark his first anniversary in office, Zillow estimates put the White House at a bit less: $292.5 million, a drop of $15.6 million, or 5.1 percent from last January. But it’s not all bad news for the country’s most famous home. Just like most homes across the U.S., the White House’s decline in value over the past year was not as dramatic as it was the previous year. In 12 months from January 2008 to January 2009, the White House lost almost $24 million in value, or 7.2 percent.
Zestimate of the White House:
Thankfully, the President will not have to deal with lenders sluggish handling of Short Sales or Foreclosure.
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