Why doesn't anyone want Donald Trump's youth house?


No one in New York wants to live in Donald Trump's youth house. And with a request price twice the average selling price in the Queen's neighborhood, who?

The house of the Jamaican Estates, a modest 2,000-feet-foot, where Fred Trump raised the Donald, will again be on the hammer on November 14. Qualified tenderers are invited to submit written offers and a 10 per cent refundable deposit. There is no initial offer, although the seller has set an undisclosed reserve price.

But assuming that the current owner, an anonymous Chinese investor, paid $ 2.14 million in 2017 for the share of presidential history – despite an average selling price of $ 980,000 for individual family homes in the area – probably another investor. otherwise, the queen will offer the winning bid.

“As a house, it's worth about $ 1 million,” says Misha Haghani, principal of Paramount Realty USA, who is handling the town's auction for the third time. “We're not selling real estate. We are selling a dream, collectible, which is meaningful for many people. ”

Haghani adds that, while he believes that the “Trump fan of significant value” could re-enter the 1940s house again, it is more likely that a politically motivated group – for or against Trump – these buy for their own purposes.

“Neither of the final buyers intended to live at home and no family would pay a premium but to live in this house,” he says. “I see fundraising to buy this.”

Againn We are selling a dream, something collectible, which is important for many people. '

But sales are not certain at any price. The mysterious seller has already attracted a buyer and failed to attract it this year when they enlisted it in February for $ 2.9 million. It was withdrawn from the market after 10 days. Worse still, the Tudor had five worthwhile bedrooms as a rent. Shortly after the 2017 sale, the house came on Airbnb – filled with Trump tchotchkes and cut mandatory lifecycle POTUS – asking for $ 725 at night. The Post even spent the night. With no hot water and filled fence of molecules and lemon promise, there was no Mar-a-Lago.

This game of hot potatoes began in 2016, shortly before Trump was initiated, when real estate investor Michael Davis dropped almost $ 1.4 million for the property – 78 percent more than the $ 782,500 traded last in 2008. Art-of-the-deal-Davis made a 54 percent profit then going to the current owner, who seems to have stuck with Chez Trump.

However, Haghani is confident that the house will sell this time. He is even offering a prize to the nearest person to estimate the sale price.

“We are going to give away $ 10,000 for whichever person is closest to the selling price,” Haghani said. “This is the third time we are selling this house, so we thought we'd have some fun with it.”

. [c] famous houses


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