The childhood home of President-elect Donald Trump has finally sold to the highest bidder, just a few days before his inauguration.
Trump, from his birth in 1946 to age 4, lived in a butter-colored home with a beamed, Tudor-style roof in the Queens neighborhood that was built by his father, the late real estate developer Fred Trump.
This isn't the first time the home is going up for auction.Its original long-term owners had planned to auction off the home on October 19, but they made a decision to postpone the sale.
The home is being sold on behalf of Michael Davis, a real estate prospector who bought it a year ago for just under $1.4 million with the intention of flipping it.
It was listed previous year for almost $1.4 million.
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Broker Dolly Lenz said the home could be worth three to 10 times more now that it will be the first home of a USA president.
"While residential property is typically valued through the review of market comparables, there is no other property like this - the childhood home of a US president-elect - and especially not in New York City", she said. The property was originally put up for sale for $1.6 million in 2016, though that price was later reduced to $1.2 million.
Paramount principal Misha Haghani says "there's no doubt it's more valuable" than it was when first offered, before the Republican's election win. Now, Paramount is selling the home.
Haghani said in December when the auction date was announced that Davis "believes there was no premium paid for the home and the auction will help him realize that full market price".
The house being auctioned has five bedrooms, a sun room and a cozy fireplace. It has a finished basement. "I had a really good childhood; oh that's sad to look at that, I want to buy it".