Trump Boyhood Home Flipped for 50 Percent Profit – NMP Skip to main content

Trump Boyhood Home Flipped for 50 Percent Profit

Mar 28, 2017
Now here is something that you don’t see every day: The house flipping of the childhood residence of a U.S. president

Now here is something that you don’t see every day: The house flipping of the childhood residence of a U.S. president.
 
According to The New York Post, real estate investor Michael Davis purchased President Donald Trump’s childhood home in Queens, N.Y. for $1.39 million in December through an auction conducted by Paramount Realty USA. But rather than keep the property for historical purposes, Davis flipped in this month in a $2.14 million sale to another investor, making just over a 50 percent profit on the transaction.
 
The Tudor-style home, which is located at 85-15 Wareham Place in the Jamaica Estates section of Queens, is listed as the home address for the president’s parents. Trump had no connection to the property, but was reminded of it during a September 2016 appearance on “The Tonight Show,” when host Jimmy Fallon showed him a photo of the home. Trump stated on the show that he was interested in buying it, but since that appearance he has made no comment on the house.
 
The identity of the investor that purchased the house and that individual’s plans for the property have not been made public.
 
About the author
Published
Mar 28, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026