27 Mar 2017 12:09 pm
Nice house, but there are much nicer houses in Jamaica Estates that have a lot more land around them.Trump’s boyhood home fetches premium from mystery buyer.
President Donald Trump’s boyhood home in Queens has sold for $2.14 million, a 54 percent jump from its sale price in December and a premium for the neighborhood.
The buyer took title to the house under the name Trump Birth House LLC.
The 2,000-square-foot house was flipped by a real estate speculator, Michael J. Davis of Wareham Holdings LLC, who paid $1.39 million for the Jamaica Estates property before Trump was inaugurated.
Davis made a 50 percent profit on the deal, according to Paramount Realty USA, the company that sold the house at auction.
“This property is so much more than just real estate,” Paramount’s Misha Haghani said. “Special properties are appropriately sold by auction, just like art is.
As they say, beauty is truly in the eyes of the beholder.”
While on the campaign trail, the president had expressed an interest in buying his old home, which was built by his father, Fred Trump, in 1940.
“I want to buy it,” Trump told Jimmy Fallon. The White House did not immediately respond to a request for comment on last week's sale.
