Certainly, the most recognized house in the world is the White House, located at 1600 Pennsylvania Avenue in Washington, D.C. Zillow, the popular online real estate database founded by two former Microsoft executives, recently asked: if the White House were put on the market, what would it be worth? The White House is listed as a 6-level single family home (approximately 55,000 square feet) with 16 bedrooms and 35 bathrooms, including a fortified underground bunker, located on 18 acres. Zillow’s estimate for the value White House is $319,802,889. Considering that the White House was completed for $232,371 in 1800, the taxpayers made a great real estate investment.
The Zillow listing describes the history of the home, which justifies the high valuation: “Built in 1792, this magnificent 132-room mansion is the rarest of homes in the U.S. since it is not only the residence of the U.S. president and his family, but it also has two wings with offices for the president, the First Lady, top staff and aides. Designed by Irish architect James Hoban, it was built during the Federalist period (late 1780-1830), but is considered Georgian in the Palladian style with neoclassical influences… [The] cornerstone was laid on October 13, 1792 [and] second President John Adams and his wife, Abigail, took occupancy on November 1, 1800.”
The value of the White House is three times higher than the most expensive homes or properties that have been purchased by some of the world’s riches individuals that range from $90 to $132.5 million. Two of the most expensive homes are in California: $117.5 paid for a home in Woodside and $100 million paid for a house in Los Altos Hills.
Read related post: The Most Expensive Book in the World
For further reading: