The wrath of the housing market takes no prisoners. As home values across the nation are taking significant hits, the iconic White House is no exception.
The 132-room mansion – 16 bedrooms and 35 bathrooms on 18 acres in the heart of the nation’s capital – was worth $331.5 million at the top of the housing boom, according to Zillow, the online real estate marketplace.
But the latest “Zestimate” puts the price tag at just $253.1 million – a 23.7 percent decline in value. In the past month alone, the value plunged almost $4 million.
Fortunately, 1600 Pennsylvania Ave. isn’t for sale.