Donald Trump’s childhood home.Paramount Realty USAA brief connection with Donald Trump will provide a happy return for the owner of an unassuming property in Queens, New York.
The two-story, Tudor-style home where Trump once lived as a child hit the auction block January 17, and we just learned that the home sold for $2.14 million once the hammer hit, according to the New York Post.
The new buyer is a real estate investor.
The home is unremarkable except for its historical link to the president, but that fact is key, the auction company’s principal auctioneer told The New York Times prior to the sale.
“It’s unique, and it has intangible value that goes beyond just the physical real estate,” Paramount Realty USA’s Misha Haghani told the Times. “You’re not actually getting anything of tangible value for the Trump association.”
The auction was blind and did not have a target price. The property was originally put up for sale for $1.6 million in 2016, though that price was later reduced to $1.2 million. The listing was taken down due to lack of interest, according to the New York Post, and the previous owners, Isaac Kestenberg and his estranged wife, Claudia, planned to auction it off in October 2016. It later sold to its most recent owner, real estate prospector Michael Davis, for $1.25 million in December.
Before this, the home last changed hands in 2008, when it was purchased for $782,500.