President-elect Trump’s childhood home in Queens will be auctioned off to the highest bidder next month, according to a Tuesday listing by Paramount Realty USA.
The five-bedroom Tudor-style estate is located on Wareham Place in the Jamaica Estates neighborhood of the New York borough, between Brooklyn and Nassau County. It was sold Dec. 16 to an unknown buyer who paid $1.25 million.
The real estate company can prove Trump’s family lived in the house at the time of the billionaire businessman’s birth in 1946: Paramount has released a copy of Trump’s birth certificate, which notes his Wareham Place address.
The 76-year-old property was originally listed in July for $1.65 million, more than similar houses in the area on the market. The owners dropped the price twice before setting up an auction in mid-October, which drew the mysterious investor who snagged the house.
“I don’t think there was a premium accounted for here, not a full premium anyhow,” Paramount owner Misha Haghani told Politico. “The buyer came forward at a time that was opportune and offered the seller a price that made sense for the seller. And the seller took it. It wasn’t just about price.”
Haghani said the sky is the limit as far as how much the property could go for.
“It’s really up to the discerning buyer to say what it’s worth,” Haghani said. “That’s why an auction makes sense here, for the same reason that art and other things with intangible value are sold at auction.”
The brick and stucco house includes a two-car garage, library, living room fireplace and basement. The house-flipping auction will close Jan. 17 at 4 p.m.
