Taft Mansion Sold for $6M, Being Flipped for About $14M

The historic Georgetown home of former Sen. Robert Taft is now the most-expensive listing in the District, as developers are now trying to get about $14 million out of its sale.

The home, which was built in 1870 and owned by the eldest son of President William Howard Taft, was sold earlier this year for $6 million, according to the Washington Post.

But unnamed developers are aiming to renovate the six-bedroom Taft Mansion in an attempt to raise its value by more than 133 percent, according to the report.

The home, which was built in 1870 and owned by the eldest son of President William Howard Taft, according to the report.

The home is already being privately listed despite renovations being incomplete. Renovations will need to be approved by the Old Georgetown Board, according to the report.

Washington Fine Properties is in charge of selling the house, which is located on 1688 31st NW. In its description of the house on its website, Washington Fine Properties writes, “Since 1870, the Taft Mansion has been the scene of countless elegant parties, sophisticated dinners and stylish fundraisers where Presidents,…

The post Taft Mansion sold for $6M, being flipped for about $14M appeared first on WTOP.

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