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How Much Would The White House Sell For On The Open Market? - 8/1/2004 - Real Estate Home House Condo

How Much Would The White House Sell For On The Open Market?

07/07/2004
Today, the average price of a home in America is $223,000. So how much would the The White House be listed for if it were to have a "for sale" sign out front?

Top real estate agents nationwide were asked to estimate what the White House's listing price would be if it were for sale in today's hot real estate market.

After scouring price-per-foot data, reviewing the home's features and historical significance, the agents' collective answer is that the world's most famous residence would command an asking price of $106 million, according to a national survey by HouseValues Inc. (http://www.HouseValues.com )

To qualify for a jumbo 30-year, fixed-rate loan at 7.5 percent, and assuming 10 percent down, the proud new owners of the 132-room house at 1600 Pennsylvania Avenue would need to pull down an annual salary of at least $18 million.


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