Trump's Childhood Home Sells for $2.14 Million at Auction

Last December, an enterprising realtor named Michael Davis decided to invest in a rather pricey property: the house where Donald Trump grew up, located in the Queens neighborhood of New York. Davis paid $1.39 million for the house, confident that his investment would soon pay off significantly.

And he was right: just last week, he sold the house for $2.14 million, earning a 53% return on his investment in just one month, not including sales taxes.

Donald Trump’s father, Fred Trump, built the two-story house in 1940, according to 'Paramount Realty', the company that organized the auction. The Trump family lived in this house for ten years before moving to another home just around the corner.

"Undoubtedly, the fact that this was the childhood home of the current President of the United States increased the property's value," the company states.

Besides its recent historical significance, what else does the house offer? It features five bedrooms, four bathrooms, a kitchen, a formal dining room, fireplace, patio, home office, basement, and a two-car garage.

To illustrate how the house's value soared—Davis bought it in December, after Trump was elected, from Isaac and Claudia Kestenberg, restaurant owners who had purchased the home in 2008 for just $782,500.