If the White House Were for Sale, How Much Would it Cost?

If the White House Were for Sale, How Much Would it Cost?

By: Lisa Kaplan Gordon

Published: October 24, 2012

Here’s a fun look at possible price tags for presidential properties.

The White House Appraisal

Yowza! A 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

Overpriced or underpriced?

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About Michelle Nantz

There are many qualities and skills that go into being an excellent real estate professional: integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network ~ all of which are hallmarks of Michelle Nantz. In 2003, Michelle began her career in real estate, after a successful career in restaurant and hotel management with her last position as Regional Director of Operations running 56 hotels throughout two states. She owes her success in real estate and management to her expertise in people skills, managing, negotiating, and follow-up. However, it is Michelle’s dedication to quality service that she ultimately credits her success. Michelle shared, “In my experience as a Lake Norman real estate professional, I’ve found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to their needs.” This “client first” philosophy combined with continual personal improvement and keeping up-to-date with the latest technologies is a cornerstone of both Michelle’s and Lake Norman Realty’s business philosophy. In addition to Michelle’s extensive real estate education and her experience in the local market, she is also an Accredited Staging Professional®, which brings additional value to marketing her clients’ homes. Michelle and her family have made the Lake Norman area their home for over 10 years. In her rare leisure moments, you’ll find Michelle with her three children and husband, or unwinding with gardening or reading. “I live and work in this community and only have the best interests of our community and its members in mind,” says Michelle. Her community activities include participation in Denver Days, Relay for Life and support for Christian Ministries and area schools.
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