Home Values: The White House

By
Real Estate Agent with KW Elite
https://activerain.com/droplet/Lcl

White House valueThe election is over. The president gets to stay in the White House for four more years, but did you ever wonder how much the house itself is worth? Construction on The White House was started by our first president in 1791 and 8 years later President John Adams moved in (even though it was still under construction.) During the war of 1812 the British set fire to the house and it had to be rebuilt. According to the white house website:

White House Trivia

  • There are 132 rooms, 35 bathrooms, and 6 levels in the Residence. There are also 412 doors, 147 windows, 28 fireplaces, 8 staircases, and 3 elevators.

  • At various times in history, the White House has been known as the "President's Palace," the "President's House," and the "Executive Mansion." President Theodore Roosevelt officially gave the White House its current name in 1901.

  • The White House kitchen is able to serve dinner to as many as 140 guests and hors d'oeuvres to more than 1,000.

  • The White House requires 570 gallons of paint to cover its outside surface.


So what is your guess? According to Zillow the mansion is currently worth $284.5 million dollars. Zillow says that the peak of it's value was in June 2006 at $299.9 million dollars.

Posted by

 

Michael J. Perry

KELLER WILLIAMS Elite

www.lancaster4sale.com  

 

1280 Plaza Blvd. , Lancaster, PA 17601

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Rainmaker
1,129,554
Paula McDonald ~ GRI
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Wow, no clue!  Perhaps after this election the value has now changed???

Nov 07, 2012 11:02 PM #1
Rainer
90,382
Kim Burton
Re/Max of Gettysburg - New Oxford, PA

Great info...The white was originally pink before it was burnt down.

Nov 09, 2012 02:34 PM #2
Rainmaker
2,849,784
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael,  Who would buy it if it were for sale?  Buyers determine value. I guess perhaps there may be a few billionaires out there that would spend $300M provided they could turn it into something that would generate a good return on their investment. 

Nov 11, 2012 01:09 AM #3
Rainer
16,076
Marsha Smith
Miller & Associates Real Estate LLC. - Gettysburg, PA

Wow! Thanks for the information. Not sure what the value is but I wouldn't want to wash thoughts windows :)

Nov 18, 2012 09:16 AM #4
Rainer
15,846
Natasha Lavard
The Keyes Company - Village Of Wellington, FL
Experience, Professionalism, Results

Nice info... I wonder how much.. but who would sell that?

Nov 23, 2012 01:22 AM #5
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Rainmaker
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Michael J. Perry

Lancaster, PA Relo Specialist
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