The Obama’s know how to go big and their post-White House adobe is no exception! It’s a HUGE (8,000 sq ft) mansion worth over $6 million! Of course, Obama made millions during his 8 years as president so it comes as now surprise that he’ll be hanging around to make more in DC…
According to Market Watch, this move is raising some eyebrows:
Already, some observers have criticized the 44th president’s choice of Kalorama. “As far as legacies go, the thought of our President of Hope and Change moving to one of the oldest, most established, filthy-richest neighborhoods in the city just doesn’t jibe,” sniffed Washingtonian magazine real estate columnist Hillary Kelly in a May 24 post. “It’s hard to imagine the Obama of eight years ago deciding to forgo the potential to move to a revitalizing area, or just a slightly less hoity one, in favor of a zip code where the blood runs royal blue and the servants’ stairs are still used by the help,” she wrote.
THE OBAMAS MOVE TO “HOITY TOWN”:
By now you’ve probably heard that Barack and Michelle Obama plan to relocate from the White House to a home in the upper-upper scale Sheridan-Kalorama neighborhood in northwest Washington.
Like many Baby Boomers, they are downsizing — from the 55,000-square-foot White House to a home of 8,000 square feet. Its interior is contemporary, and exterior inviting.
The Obamas own a home in Chicago, so word about town is that they will be leasing the Kalorama home until both first daughters are finished with high school and in college.
Kate Bennett of Independent Journal Review unloads lots of details on the nine-bedroom, eight-bathroom house:
1) The house, located off Massachusetts Avenue NW, is owned by former White House press chief Joe Lockhart. It was purchased for $5.295 million in May 2014 and now has a current estimated value of $6.35 million, according to Redfin.
2) The house is situated off Massachusetts Avenue NW and adjacent to Rock Creek Park.
3) “The Obamas, according to anonymous sources, worked privately with the Lockharts to reach a lease agreement for their bright and airy house, which features a large back patio, parking for up to 10 cars, and a full in-law suite (perfect for Michelle Obama’s mother, Marian Robinson, who has since 2009 lived with the family in the White House),” Ms. Bennett writes.
Read more: WT