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The White House Listed On Real Estate Website

samzenpus posted more than 4 years ago | from the been-for-sale-for-years dept.

United States 123

Forget visiting the White House, if you have $10 million you can own it. At least that is the price for the president's home on the real estate website Redfin. From the article: "Obviously this is an error. It looks like Redfin software pulled an example listing from the website Owners.com by mistake. That example listing was the White House. We have e-mailed Redfin for comment." I know it's historic but it still looks a bit on the high side according to the comparables in the area.

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123 comments

So (1)

G2GAlone (1600001) | more than 4 years ago | (#32565162)

John Doe lives there, right? =D

Re:So (5, Insightful)

cayenne8 (626475) | more than 4 years ago | (#32566954)

This isn't news really, I mean we all know that the white house has been for sale to the highest bidders for that last few administrations.

Re:So (3, Insightful)

DesScorp (410532) | more than 4 years ago | (#32569022)

This isn't news really, I mean we all know that the white house has been for sale to the highest bidders for that last few administrations.

The White House... and every other government center of power... has been for sale on and off since they all came to exist. That's the rotten nature of politics. The more a politician claims to be cleaner than his opponents, the more skeletons he has in his closet.

Cheap at twice the price (1)

loftwyr (36717) | more than 4 years ago | (#32565192)

Ten Million is a steal if you realize how much you can make off renting it out. All those bedrooms, a huge garden, round the clock military security!

And close to historical sites for educational purposes!

I'm making an offer today!

Re:Cheap at twice the price (2, Informative)

tomhath (637240) | more than 4 years ago | (#32565428)

Ten Million is a steal if you realize how much you can make off renting it out.

Heck yes!. Clinton was getting $100k per night [seattlepi.com] for the Lincoln Bedroom alone.

Re:Cheap at twice the price (0)

Anonymous Coward | more than 4 years ago | (#32567546)

Did you even read your link? Today's mods certainly didn't. What's most interesting is that article only mentions "$100,000" when referencing GW Bush's houseguests:

Bush's guests included some of his biggest donors or fundraisers, known as pioneers, and their families. Each had raised or contributed at least $100,000 for the Bush presidential campaign.

I'm not an American, I have no political goal. I just like pointing and laughing at people like you who don't even check their own sources.

Re:Cheap at twice the price (1)

Pharmboy (216950) | more than 4 years ago | (#32568106)

I don't think that is ALL Clinton was getting out of the White House bedrooms....

[rimshot]

Re:Cheap at twice the price (2, Insightful)

Stephen Samuel (106962) | more than 4 years ago | (#32565634)

... not to mention the prestige factor of being able to say that you live there.

It's also an incredible place to base your business. If you leave a message saying "Pleasd call Bill Smith at The White House 773-555-1376", You're almost sure to get a callback.

Re:Cheap at twice the price (0)

logjon (1411219) | more than 4 years ago | (#32566176)

Except whoever got the message would probably assume that someone who can't spell 'Please' would be far too retarded to live at the white house.

Re:Cheap at twice the price (0)

Anonymous Coward | more than 4 years ago | (#32566766)

Or some may think it's proof the message really comes from there.

Re:Cheap at twice the price (0)

logjon (1411219) | more than 4 years ago | (#32567188)

Touché

Re:Cheap at twice the price (1)

V!NCENT (1105021) | more than 4 years ago | (#32567414)

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Preview {---- ~110 pixels ----} Cancel

Re:Cheap at twice the price (1)

eugene ts wong (231154) | more than 4 years ago | (#32566178)

Hmm, I don't know. It still seems expensive. Does it come with a laundry machine?

Re:Cheap at twice the price (1)

Kenoli (934612) | more than 4 years ago | (#32566294)

The $10 million price was clearly an error. It takes much more to become president.

This price ignores the comps (0)

Anonymous Coward | more than 4 years ago | (#32565194)

You have to look at the selling prices of other presidential palaces and you have to include the potential of Lincoln's gold in the price.

The answer.... (4, Insightful)

Pharmboy (216950) | more than 4 years ago | (#32565198)

Is the White House for sale? No, but you can certainly *rent* it for four years at a time, if the price is right.

Re:The answer.... (0)

Anonymous Coward | more than 4 years ago | (#32565338)

Only costing you around $759M to run your campaign [opensecrets.org] , $10M seems a much better deal.

Comes with the debt? (4, Funny)

courteaudotbiz (1191083) | more than 4 years ago | (#32565210)

If so, I don't want it even if they give me a billion to own it! ;-)

Re:Comes with the debt? (0)

Anonymous Coward | more than 4 years ago | (#32567856)

it's a government property that is fully paid off; zero debt. you would not acquire the entire government, silly-pants.

Deficit solution (2, Funny)

ollie231 (1745048) | more than 4 years ago | (#32565216)

I didn't know the US budget was in such dire straits =P

Re:Deficit solution (3, Funny)

DeusExMach (1319255) | more than 4 years ago | (#32565624)

Then you haven't been paying very close attention...

Check Comparable Sales First (5, Funny)

DieByWire (744043) | more than 4 years ago | (#32565218)

I think the price is a little high. You can buy a senate office for a lot less than that.

Re:Check Comparable Sales First (0)

Anonymous Coward | more than 4 years ago | (#32565896)

I think the price is a little high. You can buy a senate office for a lot less than that.

Hell for that price the office with come complete with your own Senator.

Re:Check Comparable Sales First (2, Funny)

Nemyst (1383049) | more than 4 years ago | (#32566044)

I think the price is a little high. You can buy a senate office for a lot less than that.

Hell for that price the office with come complete with your own Senator.

Yeah, that's why the price went down that much.

Re:Check Comparable Sales First (1)

cyberzephyr (705742) | more than 4 years ago | (#32567260)

Please tell that to Meg Whitman

Bush / Chaney Paid Way More (-1, Troll)

Anonymous Coward | more than 4 years ago | (#32565226)

How much did the villains that financed the Bush/Chaney campaign pay for the White House?

I think it was something like $500,000,000. And that was just a disasterous 8 year rental...

Re:Bush / Chaney Paid Way More (0, Insightful)

Anonymous Coward | more than 4 years ago | (#32565336)

Give it a rest already. The new jackass in chief has been there over a year at this point, and I haven't seen anything particularly positive to come out of it yet. In fact, he's made things even worse. I'd be far more concerned about that since he's the one in charge currently.

Re:Bush / Chaney Paid Way More (0)

Anonymous Coward | more than 4 years ago | (#32565446)

No. No. No. You have to bitch about Bush/Chaney. It is all we have left in our pathetic lives. Must keep concentration on uber evil Bush/Chaney/Jew/Haliburton. Can .. not .. look ... at ..... self.

As if the jews would unhand their grip on banks. (0)

Anonymous Coward | more than 4 years ago | (#32567010)

And are you gullible enough to think that jetfuel melts steal beams?

Re:As if the jews would unhand their grip on banks (0)

Anonymous Coward | more than 4 years ago | (#32567560)

And are you gullible enough to think that jetfuel melts steal beams?

Are you dumb enough to believe that steel beams have to melt before they can break?

Re:As if the jews would unhand their grip on banks (1)

camelrider (46141) | more than 4 years ago | (#32567936)

Anyone who has worked with steel knows that most alloys will bend more easily with a relatively modest application of heat.

With a lot of weight above bent structural members structural failure is guaranteed!

Re:Bush / Chaney Paid Way More (0)

Anonymous Coward | more than 4 years ago | (#32567298)

What planet do you live on??

Things aren't perfect - they rarely are after a national low-point like the Bush administration. But the unemployment rate is going down, the economy is actually creating jobs, and America is no longer the world's loud and violent 'special needs' child.

I didn't think anyone would be dumb enough to actually defend to Bush administration, or say that things were better under Bush than Obama. I guess your just here to remind us that Americans are terrible at learning from history.

I have a feeling that you won't be able to understand anything more nuanced than a picture, so please scroll down this linked article [washingtonmonthly.com] and look at the chart that proves Barack Obama and the Democrats in Congress turned around the economy.

World Wide Wed of Scraping Data (1)

Orga (1720130) | more than 4 years ago | (#32565228)

Must have been to pricey to hire Indian resources to even screen the data coming in. Congrats to refin for being another duplicator instead of innovator.

Re:World Wide Wed of Scraping Data (4, Funny)

Myopic (18616) | more than 4 years ago | (#32565370)

It might be 'to' pricey, but you can buy 'to' of them if you want 'to'.

Re:World Wide Wed of Scraping Data (1)

Deag (250823) | more than 4 years ago | (#32565580)

This seems to be evolving into the standard how to promote your real estate site stunt. Zillow did the same a few years ago.

Re:World Wide Wed of Scraping Data (2, Informative)

ShaunC (203807) | more than 4 years ago | (#32566596)

Must have been to pricey to hire Indian resources to even screen the data coming in.

It was most likely not scraped, and almost certainly not screened.

I'm the DBA at a large (annual revenue in the billions) real estate firm, and we have feeds negotiated with all sorts of websites to syndicate our listing data around the web. Regional MLS boards operate under strict sets of rules surrounding what you can distribute and where. However, the onus is never on the publisher to screen listing data coming in; instead, a disclaimer such as "Information is deemed reliable, but not guaranteed" must be displayed along all property listings.

The sheer volume makes it impossible. We have approximately 20,000 listings within our own company and another 400,000 IDX listings. No company in the world could afford to screen anywhere near that much data. It's possible that whatever broker or firm originated the bogus listing could be fined, though the fines aren't generally noteworthy.

Already for sale (0)

Anonymous Coward | more than 4 years ago | (#32565230)

Obama's White House has been for sale for nearly two years.

Oh wait... you mean the ACTUAL White House.

Re:Already for sale (1)

StillNeedMoreCoffee (123989) | more than 4 years ago | (#32565768)

No sorry, this is an old listing, from the previous administration, you know the Chaney White House. Say look their oil spill is starting to soil the lawn.

that's pretty cheap.... (1)

nycguy (892403) | more than 4 years ago | (#32565240)

Considering that the current occupant paid $740.6 million [bloomberg.com] for a 4-year lease....

Re:that's pretty cheap.... (5, Funny)

shikaisi (1816846) | more than 4 years ago | (#32565632)

Well, property values have gone right down ever since those colored people moved into the area.

Re:that's pretty cheap.... (1)

Nobo (606465) | more than 4 years ago | (#32565804)

Actually his friends paid for him.

Govt should sell some crap (0)

Twillerror (536681) | more than 4 years ago | (#32565244)

This is obviously just some funny tech mistake, but I think in reality it would be good for the govt to sell some buildings.

Could we not make some govt staff site a little closer to one another.

Re:Govt should sell some crap (0)

Anonymous Coward | more than 4 years ago | (#32565808)

What is obvious is when you just read the title, and then make a comment.

From reading just the summary, this has nothing to do with the government at all. It was one real estate website that duplicated data from another real estate website and in that data happened to be a sample listing that probably came with the software.

Compariables? (1)

jandrese (485) | more than 4 years ago | (#32565246)

What buildings near the White House are being used for comparison on this sale? My guess is that 10 Million is on the low side given the amenities in the house. Hell, there are places half that size out in Arlington that are going for a couple million, and they don't have anything like the primo location the White House enjoys.

Re:Compariables? (1)

bjourne (1034822) | more than 4 years ago | (#32566164)

On the other hand, isn't the White House located practically in the middle of a ghetto? Obviously that lowers the property value. Someone who knows more about Washington can correct me if wrong.

Re:Compariables? (1)

tibman (623933) | more than 4 years ago | (#32567928)

It is surrounded by monuments and museums.. i don't think anyone lives around it. Unless you count bums.

Re:Compariables? (1)

oddTodd123 (1806894) | more than 4 years ago | (#32566796)

The biggest problem is you can't drive a car within a few hundred yards of the front door. Unloading groceries must be a pain in the ass!

Re:Compariables? (1)

magarity (164372) | more than 4 years ago | (#32567256)

What buildings near the White House are being used for comparison on this sale?
 
Depends if you are considering it a residence only or an office building with attached living quarters. If the latter then there are lots of office buildings nearby and I bet a lot of them have apartments or similar in among the offices. So since the WH wastes a lot of space on a huge lawn and garden and is only a few stories tall, it isn't worth much as a commercial office structure.

OMG! (0)

Anonymous Coward | more than 4 years ago | (#32565288)

Security alert! Security alert! The freedom-hatin' tehrrists could find out where it is!

The one detail they neglected to mention (1)

mysidia (191772) | more than 4 years ago | (#32565298)

It's to rent the place (for a maximum of 2 4-year lease terms). And $10 is just a down payment of a small portion of the cash required for the buyer vetting process.

Generally the vetting process requires over 6 months, and requires the owner's special board they like to call the "Electoral College", to approve of you.

They also have to approve you renewing the lease.

Re:The one detail they neglected to mention (1)

HBI (604924) | more than 4 years ago | (#32566194)

The 300 million member HOA is also very annoying and intrusive.

Re:The one detail they neglected to mention (1)

hedwards (940851) | more than 4 years ago | (#32567080)

Fortunately if you just promise half of them to nuke somebody they dislike and the other half to save the endangered snails. Er, the snails endangered when you dropped that nuke, you're virtually guaranteed in.

Mistake? (1)

hipp5 (1635263) | more than 4 years ago | (#32565312)

Mistake, or really good way to draw attention to your website?

Up for sale? (1)

CAIMLAS (41445) | more than 4 years ago | (#32565316)

I'm sorry, it can't be up for sale. They sold it off some time ago (to the highest bidder)...

Finally (1)

retardpicnic (1762292) | more than 4 years ago | (#32565326)

Ross Perot stands a chance of being able to get into the white house!

What are they comparing to? (1)

damn_registrars (1103043) | more than 4 years ago | (#32565380)

From the summary:

I know it's historic but it still looks a bit on the high side according to the comparables in the area.

What else in the DC area has an indoor pool, indoor bowling alley, private basketball court, and a private helicopter landing site?

Re:What are they comparing to? (0)

Anonymous Coward | more than 4 years ago | (#32565642)

I'm sorry, that information is classified.

You misunderstood (1)

elrous0 (869638) | more than 4 years ago | (#32565416)

The $10 million isn't the *cost* of the house. It's what lobbyists and big business will *give* you if you live there.

Flip it! (1)

Drakkenmensch (1255800) | more than 4 years ago | (#32565436)

Buy it, slap on a coat of white semi-gloss, resell it to the federal government for a cool 100 mil!

I think I would take it... (1)

qrv9412 (1758922) | more than 4 years ago | (#32565450)

It does have one hell of a finished basement.

Wow (4, Funny)

damn_registrars (1103043) | more than 4 years ago | (#32565462)

I didn't think things had gotten so rough for Halliburton that they would need to start selling some of their properties...

Me (0)

Anonymous Coward | more than 4 years ago | (#32565518)

According to Zillow, it's actually worth $270,050,000. Not bad, for 55,000 sq ft in the middle of DC.

Re:Me (1)

demonlapin (527802) | more than 4 years ago | (#32565558)

That sounds like a pretty reasonable valuation for house and grounds.

Foreclosure? (1)

bigdaddyhame (623739) | more than 4 years ago | (#32565550)

maybe the bank's foreclosing and listing the property preemptively. Did anyone check to see if the Obamas were in default? Just another black family getting tossed out by heartless corporate fatcats, nothing to see here.

Well, this thread is predictable (1)

GodfatherofSoul (174979) | more than 4 years ago | (#32565588)

Nothing but bait for lame "buy the President" puns and a flood of partisan counterattacks. Nice work, editors.

Re:Well, this thread is predictable (1)

kaizendojo (956951) | more than 4 years ago | (#32565902)

Nothing but bait for lame "buy the President" puns and a flood of partisan counterattacks. Nice work, editors.

I knew someone would say that..

Re:Well, this thread is predictable (1)

nschubach (922175) | more than 4 years ago | (#32567012)

I knew someone would say they knew!

cheap (1)

confused one (671304) | more than 4 years ago | (#32565650)

I know it's historic but it still looks a bit on the high side according to the comparables in the area.

That statement most certainly does not account for all the "extras" the house comes with. Has several floors that extend below ground level. Security facilities. Built-in armageddon proof bomb shelter. State of the art communications. and so on.

Re:cheap (0)

Anonymous Coward | more than 4 years ago | (#32567852)

It's not proofed against the "armageddon" of global warming. It's only about 12 feet above sea level and might be underwater in 100 years.

How much would it really cost to duplicate? (2, Interesting)

192939495969798999 (58312) | more than 4 years ago | (#32565660)

This does prompt a good question: How much would it really cost to make a copy of the white house, including the known grounds and security stuff presumably inside, as accurately as possible minus the one-of-a-kind artifacts?

Re:How much would it really cost to duplicate? (4, Interesting)

cowscows (103644) | more than 4 years ago | (#32567424)

It's pretty tough to come up with an accurate number for a building that complicated without a decent amount of work, but we can ballpark some numbers just to give us something to think about. According to whitehousehistory.org, there's about 55,000 sq. ft. worth of space in the building. The typical american stick-frame house usually runs somewhere between $100 to $200 per square foot, depending on the design/finishes/etc. If we split that, and go with $150 per sq. ft., we're already up to $8.25 million. I think once you add on the fact that it's not 2x4 wood framing (there's actually a steel frame that replaced the original heavy timber framing), and that you've got stone facade rather than vinyl siding, probably some very nice finishes, plus the fact that a bunch of people work there all day, plus all the security stuff, plus facilities for tours coming through, etc...you'd probably be looking at at least three or four times that. Buildings are expensive.

Re:How much would it really cost to duplicate? (2, Informative)

Dahamma (304068) | more than 4 years ago | (#32568282)

Yeah, but that's just for duplicating it as a "normal house". I think you MASSIVELY underestimate the "security stuff"... ie, the giant underground bunker underneath the East Wing known as the "Presidential Emergency Operations Center". Not to mention all of the security systems (laser blinders? Stinger batteries? Flying monkeys??) we don't know about...

(also, it's probably not necessary for a back of the hand calculation like this, since it seems to have been done by expert real estate appraising companies already - they estimated it at approximately $300M - again not including any bunker(s) or security systems they don't know about)

Full Disclosure (1)

skogula (931230) | more than 4 years ago | (#32565680)

In the interest of full disclosure. We have to report a major structural fire on August 24, 1814. Most of the interior was gutted, and some exterior walls had to be re-built. The fire was ruled to be Arson, perpetrated by a gang of disgruntled Canadians. Since that time, there have been 40 other owners. Mostly white professionals although persons of a mixed ethnic background have been moving into the area in recent years.

would be a felony in my state (1)

peter303 (12292) | more than 4 years ago | (#32565684)

To try to sell something this expensive without title to it. Obviously this is a hack. But there have been cases of "title identity theft" in the past by shady characters in my town. The county clerks dont rigorously check all the documents. If you after a change of mortgage lien along with owner name change, they assume the banks have worked it out. The shady cahracters would disguise this during a refi.

Re:would be a felony in my state (1)

socsoc (1116769) | more than 4 years ago | (#32565862)

Did you even read TFS? Aside from that county clerks have nothing to do with a listing, it wasn't a hack or anything intentionally shady.

It looks like Redfin software pulled an example listing from the website Owners.com by mistake.

Seems like a steal. (4, Informative)

Nobo (606465) | more than 4 years ago | (#32565742)

Per the District of Columbia Assessor [taxpayerse...center.com] , the property is assessed at $995 million -- $963m for the 18 acres of land and $31.1m for the building.

Re:Seems like a steal. (1)

Chris Mattern (191822) | more than 4 years ago | (#32567214)

Not that the US government pays property tax to DC on anything it owns, of course.

Re:Seems like a steal. (0)

Anonymous Coward | more than 4 years ago | (#32568490)

Why would it? The District of Columbia isn't a state, nor even properly a territory. It's a federal holding, and has no inherent rights of its own. Technically, the US government would be paying itself.

One of many reasons why I'd never, ever live there.

Sounds like Rod Blagojevich strikes again (1)

dspkable (773450) | more than 4 years ago | (#32565776)

First it's his Senate seat, then he tries to sell Obama's house right out from under him. Cold-blooded :)

He will be acquitted (1)

ub3r n3u7r4l1st (1388939) | more than 4 years ago | (#32568394)

He has provided honest services to its people. The honest services law will be challenged and strike down by SCOTUS.

Sold! (1)

YesDinosaursDidExist (1268920) | more than 4 years ago | (#32565832)

Don't be silly - China already owns it.

Steep only if you consider the topside (0, Troll)

SharpFang (651121) | more than 4 years ago | (#32565836)

If you take into account the vast deep nuclear bunkers under the building, with self-sufficient life support, massive communication infrastructure and likely miles of secret passages, $10mln sounds like a very modest price for a secret base for a supervillain.

Too bad it's already occupied by one.

Move in (1)

axehind (518047) | more than 4 years ago | (#32566204)

I just want to be there and watch when the people try to move in! I would be sure to record it.

It is foreclosed? (1)

hackingbear (988354) | more than 4 years ago | (#32566502)

I didn't know the foreclosure problem getting this worse. or maybe we should have expected its coming, given our trillion dollar debts.

Selling the Trevi Fountain (1)

pmontra (738736) | more than 4 years ago | (#32566548)

It reminds me this famous scam [blogdolcevita.com] (English subtitles) in a 60s Italian movie. "Selling the Trevi fountain" has become an idiom in Italy since then.

Re:Selling the Trevi Fountain (1)

canajin56 (660655) | more than 4 years ago | (#32566886)

The same thing is true in the USA, and older than the 60s: Selling the Brooklyn Bridge. Though jokes about it abound, several different Con men have "sold" it many times over in the past. It invariably ends with a sucker trying to build a toll both, waving a deed at the police, then being hauled off the bridge.

Wait a minute, (1)

warGod3 (198094) | more than 4 years ago | (#32566678)

Does it come with the security detail and the cooks?

Re:Wait a minute, (1)

zill (1690130) | more than 4 years ago | (#32568864)

For some reason Nixon's face popped into mind when I read your post. Then I realized I misread "cooks" as "crooks".

Some will say.... (0)

Anonymous Coward | more than 4 years ago | (#32566752)

Some will say it's not the house that's for sale - it's the current resident and the BP has already put in a down payment.

Why yes I am a troll.... and your point is?

There's still unrepaired damage... (1)

EWAdams (953502) | more than 4 years ago | (#32566834)

... from the War of 1812. You should definitely ask for a discount.

Re:There's still unrepaired damage... (1)

H0p313ss (811249) | more than 4 years ago | (#32567998)

... from the War of 1812. You should definitely ask for a discount.

Damned tourists!

It's just a sample listing (1)

gord0001 (1437717) | more than 4 years ago | (#32566878)

This is the sample listing used on the open source software Open Realty. I installed it via Simplescripts and the white house listing is automatically created as a demo record.

A lot of commotion over nothing. I'm sure Open Realty is loving all the publicity though. I've been developing a property management site with it, and it's a great piece of software.

paint it... (0)

Anonymous Coward | more than 4 years ago | (#32567098)

I would buy it, and paint it black...

or red or blue...

Americathon coming true (1)

nexttech (1289308) | more than 4 years ago | (#32567122)

They have rented a less expensive Condo in california Americathon

A bit steep maybe (0)

Anonymous Coward | more than 4 years ago | (#32567364)

It all depends if some of its a fixer-upper or not. It has nice gardens, but you may want to add a cottage or two if you are turning it into a Bed-n-Breakfast. Large kitchen and dining area plus rooms for conferences would be good for conventions. If you had more parking, you could turn it into a modest hotel. Good central location, and pretty good curb appeal.

"...looks a bit on the high side..." (1)

John Hasler (414242) | more than 4 years ago | (#32567922)

I've heard that it has a nicely finished basement.

1600 Pennsylvania Ave: $270,050,000 (1)

Doc Ruby (173196) | more than 4 years ago | (#32567958)

Zillow.com has a detailed listing [zillow.com] for the White House saying it's worth $270,050,000. Interestingly, its purchase value peaked at $331M on April 1, 2008.

Re:1600 Pennsylvania Ave: $270,050,000 (0)

Anonymous Coward | more than 4 years ago | (#32569280)

It is interesting that this property costs about a billion to get a 4 year lease, (campaign costs). Clearly grossly undervalued it should be multiple billions if the cost of the lease is included.

How it happened... (1)

MattGoyer (320609) | more than 4 years ago | (#32569012)

Matt from Redfin here... For those curious we blogged about how the White House came to be for sale on Redfin, No, No, the White House is Not For Sale [redfin.com] .
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  • ecode

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<ecode>    while(1) { do_something(); } </ecode>
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