Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

What's the White House Worth?

Real estate experts look at value of presidential homes

By Liam Carnahan,  Newser Staff

Posted Oct 21, 2012 2:16 PM CDT

(Newser) – Just for fun, the Wall Street Journal asked a housing expert to appraise three famous DC-area residences that have hosted at least one of our presidents. The history makes them priceless, but that aside, here's what they found:

  • George Washington's Mount Vernon: To move into this elegant estate, you would have to shell out about $150 million. It's in a beautiful neighborhood with a view of the Potomac, but no bathrooms. You can enjoy two outhouses on the estate, though.

  • Thomas Jefferson's Monticello: Here's the most affordable property of the three. For a cool $106.5 million, you could move into this 43-room home. Expect to do lots of expensive remodeling to bring it up to modern standards.
  • The White House: Six floors, 13 bedrooms, 35 bathrooms, and a central location in the nation's capital—sounds like paradise, and constant renovations have increased the value of the Obama family's current home. "Frequent turnover" (every four to eight years, say) may level that out some, but you can still expect to pay $1.5 billion.

Expect to pay $1.5 billion if the White House ever goes on the market.
Expect to pay $1.5 billion if the White House ever goes on the market.   (?)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
7%
67%
8%
4%
3%
12%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 12 comments
MikeLand
Oct 21, 2012 10:45 PM CDT
There's that famous photo of Bill Clinton leaving the White House in a Grapes of Wrath truck loaded to the hilt with fine china, silverware, and other U.S.government property such as priceless artworks.  It was based on a true account that the Clintons attempted to claim much of the contents of the White House as gifts to them.  U.S. Marshals went to New York and with a warrant seized several items such as paintings and dinnerware.  The Clintons always said it was a misunderstanding.  Of course Clinton pardoned all his and Hillary's family members of their federal crimes before leaving. Its part of the Clinton legacy of lies and deceit.
BinThereDunThat
Oct 21, 2012 6:22 PM CDT
Whatever it takes Mitt and his rich friends to buy it.
augie2
Oct 21, 2012 3:09 PM CDT
Nothing now that Obama and his clan have no doubt destroyed it.
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne