How much do realtors rate the White House

Photo: depositphotos.com

US President Barack Obama and his family will leave the White House in a few months. Of course, the next president will enter it, and it is inconceivable that he will ever be sold. But what if it did happen? How much would you be able to help out for him?

America's leading financial magazine Barron's and Annie Gray of Gray Real Estate Advisors believe that the estimated value of the presidential residence is $90 million. This figure emerged after the real estate agent took into account the following factors:

• construction cost ($ 232 thousand in 1790 year, or about $ 100 million today);
• potential income from renting a house with 16 bedrooms ($ 5 million per year);
• the market price of comparable properties (Donald Trump's 17-acre Mar-A-Lago Club in Palm Beach is valued at $100 million).

Some experts in the field of real estate consider the price of $ 90 million undervalued.

“I think the $90 million price tag is underpriced,” explained Kara Amir, a Florida realtor at Realtor.com. She compared the White House with Hugh Hefner's Playboy Mansion, which was initially asked for $200 million and ended up selling for $100 million.

It is noted that if the house is sold with all works of art, historical artifacts and American memorabilia, the sale price will increase to $ 250 million and above.

But according to the website ZillowEven the price of $ 250 million is too low for the White House. The website, which provides an assessment of real estate throughout the country, claims that the building at 1600 Pennsylvania Avenue in Washington, DC, costs about $ 389 million.

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