Washington D.C. Real Estate Advice


At the end of a CNBC post about how U.S. home values have fallen 26% since the 2006 peak, surpassing the drop experienced from 1928 through 1933, there is a link to the Zillow page for 1600 Pennsylvania Avenue, in Washington D.C.

The White House is not for sale (not literally, anyway), but here are the details, in case a sign does go up on the front lawn:

Zestimate®: $251M.
Value Range: $117.9M – $333.7M
Bedrooms: 16
Bathrooms: 35
Sqft: 55,000
Lot size: 784,080 sq ft / 18.00 acres
Property type: Single Family
Year built: 1792
Parking type: Garage – Attached
Cooling system: Central
Heating system: Forced air
Fireplace: Yes

“The value of 1600 Pennsylvania Avenue has dropped by $80 million, or nearly 25 percent since the peak of the housing boom,” CNBC writes.

No big deal. After all, that’s merely in keeping with market trends. Be glad you didn’t buy it in 2005. Nice neighborhood. Close to all. Short walk to the 922 Commuter Bus. Good investment property. The current tenant has a lease through January 2013, with a mutual one-time four-year renewal.

Kevin Nolan writes essays and fiction. More from this author →