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Zillow Values Presidential Home

August 19, 2013
Real Estate Website Zillow recently listed the White House for around $320 Million.

Real Estate Website Zillow recently listed the White House for around $320 Million.

The White House is one of the most iconic monuments in the United States.  It has been home to some of the world’s greatest influencers and has seen thousands of celebrities, athletes, international dignitaries and religious figures pass through its doors.  Because of its rich history, the White House is ingrained in the psyches of the American people as well as our allies and enemies abroad.  From the elegant Christmas displays, to the stately oval office, to the beautiful Rose Garden, the White House is surely a priceless American treasure.  Or is it?

A recent article from ABC 7 in Washington, D.C. discusses how real estate website, Zillow, has attempted to put a price tag on the White House.  While it’s obviously not up for sale, valuing the home of every president since 1800 is still a fun thought experiment.  It’s difficult to think of 1600 Pennsylvania Avenue as just another address, but that’s exactly what Zillow has tried to do.  Zillow listed the White House accompanying a meeting between President Barack Obama and its CEO, Spencer Rascoff.  The two met to discuss affordable housing, but Zillow’s estimate pegs the White House as anything but.  With 35 bathrooms, 16 bedrooms, and 18 acres of land, Zillow listed the presidential mansion at a whopping $310 Million.  Click here to take a look at the listing for yourself.

As for additional perks, the White House boasts a one lane bowling alley, a dentists office, and an underground bunker for any fans of the History Channel’s  Doomsday Preppers.

So how accurate is the listing?  That’s impossible to say.  While the listing does take into account the rarity of the home, there is no way to put a price on the intangible historical value of a national monument like the White House.  If you do want to live in the White House, you’ve probably got a better chance of winning a presidential election than purchasing the house where Abe Lincoln, Teddy Roosevelt, and JFK made their homes.

via Gary Richetelli http://garyrichetelli.org/zillow-values-presidential-home/

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From → Gary Richetelli

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