Where’s the house? Donald Trump was born and lived until he was 4 years old the property was resold in recent days: according to what was reported in the local media, the assessed price of the property, compared to the last transaction, has increased exponentially, perhaps precisely because it can be directly linked to the figure of the current president of the United States.
This is a common aspect of buildings where values in excess of pure market value can be detected.“Like the East Wing of the White House, too childhood home Donald Trump is unrecognizable after radical change”we read on a social page dedicated to Jamaica Estates, a prestigious neighborhood in New York City located in the heart of the “Borough” of Queens.
“While not completely demolished, the Tudor-style property in Jamaica Estates, where the president lived until the age of four, was completely rebuilt after a broken water pipe damaged the house, which then remained completely vacant and separated from the feral cat colony.”.
The house was built by Donald Trump’s father, Fred, in 2017 1940when Maryanne’s eldest daughter was only 3 years old, the family lived there for the next 10 years, before moving to a second house not far away. Of course, it is not just the “historical value” of a property that determines its price, as the renovated building retaining its original Tudor-style exterior features covers 300 square meters over two floors and is located within a well-known and exclusive neighborhood. According to real estate agent reports, in the room that has been transformed from an aesthetic perspective, there are 5 bedrooms and 5 bathrooms.
The association with the name of the president is indeed crossing and encouraging, because on the one hand it increases the price of the property, on the other hand it can make it difficult to sell it, although houses in the area are often sold for no less than 1 million dollars.
Specifically, Trump’s first house was purchased last February by current owner Tommy Lin at a price below market price, namely 835 thousand dollars, not 950 thousand, because of its poor condition. The businessman invested 500 thousand dollars to renovate his house, which he has now put back on the market 2.3 million dollarswith the clear goal of making your investment profitable.
