Renting White House would cost Obama USD 1.8 million a month

Image
Press Trust of India Washington
Last Updated : Aug 07 2013 | 8:08 PM IST
If US President Barack Obama was a tenant at the White House, he could afford to stay at the 132-room iconic mansion for just over six months.
The 55,000-square-foot residence at 1600 Pennsylvania Avenue would cost a tenant USD 1.8 million a month in rent, according to Zillow, an online real estate portal.
It put together a listing for the mansion, estimating a total sale price would top USD 319 million.
Describing the White House as a "magnificent 132-room mansion," the posting for the residence boasts about its gated entry, doorman and security system.
It estimates a tax of USD 109,000 for the historic property and says homeowner's insurance could cost USD 92 per month, New York Daily News reported.
In order to keep the exterior a blinding white, 570 gallons of paint are required to cover the outside surface.
The home includes 35 bathrooms, 412 doors, 147 windows and 28 fireplaces.
The President has an estimated networth of USD 12.2 million, with an annual salary of USD 400,000.
If he were expected to cough up rent, he and his family could stay only for 6.7 months, the paper said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 07 2013 | 8:08 PM IST

Next Story