And the winner is…
The bids on President-elect Donald Trump's boyhood home in Jamaica Estates are now in, as those interested in purchasing the Tudor-style property at 85-15 Wareham Place at an auction had to submit their offers by Tuesday.
“The auction was successful and we had multiple bids,” said Misha Haghani, owner of Paramount Realty USA, which handled the auction.
But the current owner of the five-bedroom house where the president-elect lived until he was 4 years old, “has five days to decide which bid he wishes to pick," Haghani said Wednesday morning.
He declined to elaborate further about the details of the auction, saying, "We don’t disclose number of bids and identity of bidders."
The house was initially put on the market last summer for $1.65 million as its then owners were getting divorced. The asking price was then reduced twice, first to $1,399,000, and then to $1,250,000, according to the property's listing broker Laffey Real Estate.
At some point, the couple wanted to sell the 2,500-square foot brick and stucco house at an auction in October, but the event was postponed for January, until after the election.
In December, they sold it for $1,390,500 to Manhattan real estate mogul Michael Davis, who decided to proceed with the auction scheduled three days before Trump will be sworn into office, in hopes of turning a profit.
The property was expected to gain value since Trump won the presidential election. Some experts also said that the home built by Trump's father, Fred Trump, might one day become an official historic site.