Published: Wed, January 18, 2017
Research | By Elizabeth Houston

Trump's childhood home in New York City is going up for auction

Trump's childhood home in New York City is going up for auction

The Jamaica Estates home where President-elect Donald Trump first lived is finally set to be auctioned off.

Interested buyers must submit their bids on the five-bedroom brick and stucco Tudor-style home by 4:00 p.m. along with a 10% deposit.

This isn't the first time the home is going up for auction.Its original long-term owners had planned to auction off the home on October 19, but they made a decision to postpone the sale.

Michael Davis, a real estate prospector, bought the house previous year for just under $1.4 million with the intention of flipping it, The New York Times reported. The home on Wareham Place is listed on Mr. Trump's birth certificate, and he lived there until he was 4 years old, when the family moved to a grander home in the same neighborhood.

The home, which was listed on the market in July for $1.65 million, was originally scheduled to be auctioned in October.

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It's expected to take several weeks before the buyer closes on the home in the affluent Jamaica Estates neighborhood-when information about the sale price and buyer will become available in public records.

"It's unique, and it has intangible value that goes beyond just the physical real estate", Misha Haghani, the principal of Paramount, told The Times. "You're not actually getting anything of tangible value for the Trump association". "Its worth is up to the bidder to tell us".

At the time, Paramount Realty USA, the company running the auction, said the sellers wanted to give bidders "more time to evaluate the property".

Before this, the home last changed hands in 2008, when it was purchased for $782,500. I want to buy it.

The home - built in 1940 by Trump's father, Fred, who was a developer - includes an eat-in kitchen, a formal dining room and 4 1⁄2 bathrooms.

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