Thursday, December 16, 2010

Real Estate Mistake of the Year: The White House is For Sale

Back in June, UrbanTurf staff were engaging in that coolest of weekend activities (combing real estate websites for sweet listings) when we came upon an address listed for sale on Redfin that seemed out of place: 1600 Pennsylvania Avenue NW.

Redfin took to its blog to explain the error. They wrote that “in addition to showing homes for sale from MRIS, the DC area’s multiple listing service, [the site] will also get homes for sale from [sites like] Zillow, and Oodle.” One of the sites that Oodle gets its listings from,, had listed the White House as an example property and the software for Redfin did not discriminate.

Two interesting things about the White House listing: 1) It was listed For Sale By Owner (Michelle was that you?) 2) the listing price for Obama’s abode was a measly $10 million. In the past year, the 132-room landmark has been valued for somewhere in the realm of $300 million. How’s that for a Deal of the Week?

* It is 55,000 square feet with 132 rooms. 

* The White House has 35 bathrooms, 28 fireplaces, 5 full time chefs, a movie theater, single lane bowling alley, putting green, and swimming pool, it also sits on 18 acres of land.