Real Estate Value
Price tag for White House: $110 million (ajc)
Any real estate agent worth his or her salt will tell you that when it comes to buying a home the most important consideration in determining the value is “location, location, location.” It should come as no surprise that the most valuable address in Washington, D.C., is 1600 Pennsylvania Avenue NW. The real estate site Movoto.com asked the Koitz Group luxury real estate firm to put a value on the White House and Koitz came up with $110 million. For that tidy sum, the buyer gets a 55,000-square-foot Executive Mansion on six levels, with 132 rooms and 35 bathrooms. It comes with three elevators, 28 fireplaces, tennis court, bowling alley, movie theater, basketball court, swimming pool and jogging track. And the White House is just a stroll from area restaurants, museums, monuments and the Metro train line. Jason Koitz told Movoto his firm, which specializes in D.C. properties, came up with the price tage based on value of other luxury homes in downtown D.C. and areas …
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