Zestimate on White House Falls Below $300 Million

by Jason Sandquist on January 22, 2009 · 0 comments

in Market Update, National News, Randomness, Real Estate, Real Estate 2.0, Technology

What the hell… as soon as Barack Obama moves into the White House Zillow Zestimates that the most famous address in the world, 1600 Pennsylvania Ave has sunken below the $300 million mark for a home value. Have you seen the monthly mortgage payment for this sucker? A zero down loan, 30 year fixed at 5.15% comes in at $1,718,246 a month!

On January 8th, the White House Zestimate was over $308 million, 12 days and over $11 million depreciation! I think I would be worried Mr. President.

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