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Here’s a fun look at possible price tags for presidential properties. Yowza! A recent appraisal of The White House — as a prime property, not the seat of world power — set its price at $1.5 billion (with a B).
The Wall Street Journal turned to D.C. appraiser Dennis Duffy to put a price tag on three current and former presidential properties: The White House; Mount Vernon, George Washington’s home; and Monticello, Thomas Jefferson’s home. Duffy considered the cost to rebuild, value of outbuildings, infrastructure, and land that could be sold.
Duffy’s appraisal results:
White House: 100,000 sq. ft., 13 bedrooms, 35 bathrooms, and 18 acres of prime downtown real estate — $1.5 billion
Mount Vernon: 7,000 sq. ft. in suburban D.C., river view of the Potomac (though no bathrooms) — $150 million
Monticello: 11,000 sq. ft., four stories, 43 rooms, exquisite artisanship — $106.5 million
Overpriced or underpriced?
Lisa Kaplan Gordon is an avid gardener, a member of the Fairfax County Master Gardeners Association, and a builder of luxury homes in McLean, Va. She’s been a Homes editor for Gannett News Service and has reviewed home improvement products for AOL.
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