Donald Trump's childhood home up for auction

NEW YORK, Oct. 19 (UPI) -- Donald Trump's childhood home in New York City's borough of Queens is scheduled to be auctioned Wednesday.

The suggested opening bid on the house, built in 1940, is $849,000. A reserve price had been set but not disclosed, meaning the current owners can decline the highest bid if that price is not met or exceeded. The house in the upscale Jamaica Estates section of Queens, Trump's first residence after his 1946 birth, was on the market earlier this summer for $1.65 million, with no takers.

Although it is less opulent than Trump's current residence in New York City's Trump Tower, the 2,500- square-foot brick and stucco house at 85-15 Wareham Place has five bedrooms, four and one-half bathrooms, a finished basement and a two-car garage.

"The connection to Trump is timely and the value is a little difficult to ascertain due to the association with Trump," said Misha Haghani, co-broker on the real estate, told CNN. "An auction is a great way to sell ... things that have a unique or sentimental value."

She added she believes the Republican presidential candidate lived in the home with his family until he was 4.

The auction is scheduled to be conducted Wednesday evening at the Roosevelt Hotel in Manhattan.