President Barack Obama revealed in March that he and his family have opted to stay in Washington for a few more years after his term ends early next year so that his daughter Sasha can finish her studies at Sidwell Friends School.
“We’re going to have to stay a couple of years in D.C. probably so Sasha can finish,” Obama was quoted as saying. “Transferring someone in the middle of high school? Tough.”
The outgoing first family will reportedly be staying in an eight-bedroom, 8,200-square-foot residence in the DC neighborhood of Kalorama. The Obamas will be leasing the mansion in January 2017, Independent Journal reported.
Owned by Glover Park Group co-founder Joe Lockhart and wife Giovanna Gray, the mansion is situated on a secluded quarter-acre of estate in DC. Lockhart moved with his family to New York this year to pursue a post for the NFL as its executive vice president for communications.
Real-estate records state that the couple purchased the property in 2014 for $5,295,000. Redfin estimates its current value at $6.35 million.
While the residence is undeniably elegant, it is still quite modest by neighborhood standards. Obama may have chosen the property due to its quiet surroundings and minimal traffic. It is also said to be well protected by the local police force due to its proximity to embassies.
During their stay in the estate, the POTUS will be in close proximity to the vice president’s mansion in Number One Observatory Circle and Hillary and Bill Clinton’s private home on Whitehaven Street.