The childhood house of Donald Trump was sold for the second time for double its initial price.
Donald Trump is a controversial public figure that is worldwide known for its business and television inclinations. By disrupting the political theater through his lack of government experience, Donald Trump won the votes of an under-represented mass of nationalist American citizens. This is how he became the 45th President of the United States and also the wealthiest and oldest one. This notoriety may have something to do with the overbid price for his childhood house in Queens.
Donald Trump Has the Queens Property Listed in His Birth Certificate
Donald Trump grew up in the Jamaica Estates, Queens. This is a New York neighborhood populated mostly by upper middle-class citizens. His childhood house was actually built by his father, Frederick Christ Trump in 1940, six years before the birth of Donald. The businessman spent four years of his childhood within the property. The address of the Queens location is featured in Donald Trump’s birth certificate.
The two-story Queens property was sold for the first time back in December. The selected auction company was Paramount Realty USA. Thus, a real estate investor was willing to pay $1.39 million for it. The name of the buyer was Michael Davis. However, Michael introduced the property on the market for the second time. This time, an anonymous buyer got the asset for double its initial price. Thus, the final offer was of $2.14 million. This settlement brought Michael Davis more than half of profit.
The director of the involved auction house, Misha Haghani, recognized the value of the house as encompassing the status of an ordinary real estate thanks to its historical meaning.
“This property is so much more than just real estate; it’s the childhood home of the 45th president of the United States, and it’s a part of history.”
The Second Buyer of the Childhood House Remained Anonymous
Haghani stated that a similar house from the same neighborhood would have sold for a total of just $979,400. However, the real estate business is willing to turn into an art business where assets are acquired for their meaning, not for their fabrics.
The second sale was closed on 23rd March by a lawyer, Michael X. Tang, with large expertise in the real estate investments animated by Chinese businesspersons. The buyer remained anonymous and enjoyed the protection of a limited liability corporation entitled Trump Birth House. However, the organization was just newly created.
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