Europe is in deep economic trouble. One way some countries could narrow their budget deficits? Sell off their properties in Washington. We asked local real-estate agents what the following ambassadors’ residences and embassy might bring on the open market.
Photo courtesy of Flickr user NCinDC.
Assessed value: $5.7 million
Market value:$6 million to $12 million
In the heart of DC’s Kalorama, the Irish ambassador’s residence was built in 1924 for Frederic Delano, a Federal Reserve Board member and an uncle of Franklin Delano Roosevelt. Ireland bought the house—whose neighbors include the Textile Museum, the Woodrow Wilson House, and the embassies of Myanmar and Laos—in 1965.