$15 Million Drop in Value

$15 Million Drop in Value

According to Zillow, there’s a very important house in the United States that has lost 5.1% of its value in the past year to only $291 million.  You may recognize the photo.

This home is located at 1600 Pennsylvania Avenue in Washington, D.C. and includes:

  • 16 bedrooms
  • 35 baths
  • 55,000 square feet
  • Lot size is 784,080 square feet
  • It was built in 1792

So, if your property has lost value this year, you’re not alone.

And, rest assured, the President feels your pain.

This post has 5 Comments | Would you like to leave a comment?

5 Comments

  1. What an interesting concept. We keep our politicians so removed from “real” life and wonder why they’re so out of touch…

    Thanks for the comment.

  2. That’s $5,291 per sq ft if my calculations are correct. At least he doesn’t have to worry about selling it when he moves out.

  3. You really need to figure out the answer because you’re paying for it!

  4. What is the cost per square foot? My calculator doesn’t go up to nine spaces!!

  5. This is to funny!!! So not all us little people are losing value in our homes!! Happens to the big people also….

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