It’s not every day you have the opportunity to own the home of the potential president of the United States. Trump’s childhood home recently was listed for sale at $1.65 million.
85-15 Wareham Place
Trump grew up in Jamaica Estates, which is an affluent neighborhood in Queens. The property at 85-15 Wareham Place has six bedrooms, 4.5 bathrooms, and a 2 car detached garage.
Originally built in 1940, the unit has a mock Tudor feel that homes from that era are known for. In total, Trump’s childhood home has 2,000 square feet of living space, but it also has extensive outdoor space that the new owners will enjoy. In terms of parking, the property has the capacity to accommodate five cars.
The Presidential Effect
This property was most recently purchased in March 2008 for $782.5K. However, just over eight years later, the asking price has more than doubled from 2008.
Now, it’s hardly a secret that New York real estate can grow in value very quickly – whether it be Manhattan or Queens, property prices jump up in NYC with some regularity. However, the timing of Trump’s home arriving on the market is presumably not coincidental, and the incredible rise in price suggests that controversy does sell properti
We are fast approaching November 8th, and it will be fascinating to see if it stays on the market until then. A Trump win would no doubt increase public interest in the property (George W Bush and Bill Clinton’s childhood homes are now both museums), prompting a bump in price.
Whether or not the property is a presidential candidate’s childhood home, and whether or not the Trump home’s value will drop or rise after the election, it’s definite that New York real estate is growing quickly, particularly outside of Manhattan.
