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Cynthia Mullins

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If The White House Were For Sale, How Much Would It Cost?

March 5th, 2013



Courtesy of HouseLogic.com 

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

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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