On November 8, the house where US President Donald Trump spent his first 4 years was just auctioned with a starting price of 2.3 million USD.
This 5-bedroom house is located in the Queens neighborhood of New York, built by President Fred Trump's father in 1940. After the Trump family moved, it passed through many owners and had a turbulent history of buying and selling.
The value of this house clearly reflects the ups and downs in Mr. Trump's political career. It was last sold in February this year for only $835,000.
The buyer, a real estate broker, said the house was "unable to live" at the time. This person had to spend about 500,000 USD to renovate and rebuild everything.
Now, just nine months later, it has been brought back to the market for $2.3 million, a price nearly three times as high as the original purchase price, showing a large-scale gamble in the president's name.
This is not the first time this house has become the focus of speculators. its history of buying and selling clearly shows the value associated with the Trump "brand".
One of the previous owners shared that he bought the house in 2016 - when Mr. Trump was running - for nearly 1.4 million USD.
Just one year later, on Trump's inauguration day (January 2017), the businessman resold it to a Chinese buyer for $2.1 million - a huge profit in a short time.
The $2.1 million price in 2017 was seen as a "bubble" price, inflated by the event of Mr. Trump's election. However, its value has since declined sharply.
The fact that the house was sold for only 835,000 USD in February 2025 shows that the market is more realistic, or the condition of the house is too degraded, making it only as valuable as a plot of land.
Real estate analysts point out that valuing "historic" assets like this is extremely difficult. It is not based on actual use value but on " percept value".
Whether anyone is willing to spend $2.3 million on a house in Queens just because the president was there for the first four years of his life is still an open question.
The current $2.3 million price does not only include renovation costs but is also a large profit that the owner expects to make from President Trump's name.
