IF THE WHITE HOUSE WERE FOR SALE, HOW MUCH WOULD IT COST?

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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. 

Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Published date on HAR.com: Jul. 10, 2018

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