Donald Trump's childhood home heads to auction

Donald Trump's childhood home heads to auction

At the time, Paramount Realty USA, the company running the auction, said the sellers wanted to give bidders "more time to evaluate the property".

Donald Trump lived in the house from birth until he was 4 years old.

Trump's earliest childhood home at 85-15 Wareham Place is up for auction for the second time in three months, with written bids due Tuesday, Jan 17 at 4 p.m.

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President-elect Donald Trump's childhood home is once again headed to the auction block, and this time, its owner is hoping to make serious bank on the five-bedroom Jamaica Estates home.

Misha Haghani, the principal of Paramount Realty USA, the firm handling the auction, has maintained that interest in the home has been significant and its worth hard to determine because of the intangible value associated with the house. They will not know what others are bidding.The current owner will then have a few days to review the offers and select a winning bid. The home is ultimately expected to sell for over $1 million. Over the summer, the house built by Trump's father was listed on the market for $1.6 million, and later reduced to $1.39 million. Houses in this neighborhood are under $1M to over $4M.

"A property as prominent as this has intangible value that goes beyond just the real estate - it's like art and that's why an auction is the ideal platform in which to sell it", he said in the December press release. The 3,600-square-foot home, with a full finished basement, also features a two-car garage. The skyscraper also serves as the headquarters of the Trump Organization, the vast global business empire he has built over decades of deal-making, and which soon will give him the distinction of being the wealthiest-ever US president.

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