Plans for auctioning off the home of President-elect Donald Trump were postponed in October but according to Paramount Realty USA, the company in charge of the auction, the auction will take place today.
The home, at 85-15 Wareham Place in Jamaica Estates, was built in 1940 by Donald Trump’s father, Fred. The Trump family lived in this house until Donald was 4 years old; they then moved to another house in the same neighborhood.
The house is a two-story Tudor with a brick-and-stucco exterior that features five bedrooms, four and a half bathrooms, an enclosed porch in the backyard and a detached, two-car garage.
Over the summer, the house was listed at $1.6 million and was later reduced to $1.39 million. While the home had some offers put in on it, the owners decided to auction it off and let buyers tell them what the house is worth.
According to the New York Times, which first reported on today’s auction, Paramount Realty USA is auctioning off the house on behalf of Michael Davis, a real estate prospector who bought it last year for slightly under $1.4 million to flip it.
Misha Haghani, the principal of Paramount told the New York Times that interest for the home has been high and has come from people from all over the world.
Those who are interested in bidding on Trump’s house must arrive with a bank or certified check in the amount of $90,000 and will have to purchase due diligence information on the house, including the property’s survey and title report. The auction bids will be starting at $849,000.
