85-15 Wareham Place in Jamaica Estates with Donald Trump (Credit: Getty Images and Google Maps)
President Donald Trump’s childhood home in Queens, which last traded hands in 2017, is again up for sale. This time, it’s asking $2.9 million.
The home at 85-15 Wareham Place in Jamaica Estates will be sold through a sealed bidding process, the Wall Street Journal reported. Interested buyers can submit their best and final offers by email, and the owner won’t accept offers contingent on financing.
The sealed process is an effort to the keep the sale “low key,” according to Ed Hickey, the Compass agent handling the deal.
“One of the reasons we’re doing it the way we are is to prevent a circus atmosphere,” Hickey told the Journal. “We anticipate that there will be a lot of curiosity.”
The Tudor-style home spans about 2,500 square feet. It dates back to the1940s, built by real estate developer Fred Trump, the president’s father. The president lived there until about age 4 before the family moved to a larger home, the report said. Listing images feature a cutout of President Trump as well as copies of his book, “The Art of the Deal,” placed in various rooms.
The asking price is steep for the neighborhood. A comparable home across the street is asking $1.25 million, the report said, and another nearby house sold for $640,000 in 2016.
“I think the only reason this house is selling for the kind of money it has is because of the presidential history,” Hickey said.
The home last sold for $2.1 million in 2017 to Trump Birth House LLC, which is an entity represented by Flushing-based lawyer Michael X. Tang. The LLC bought the home from real estate investor Michael Davis, who paid $1.3 million for it in 2016.
Davis continued renting the property from the current owner, the report said. And he previously rented it for around $700 a night on Airbnb. [WSJ] — Meenal Vamburkar
Source: The Real Deal Los Angeles