This is where the Obamas will be living after his tenure at the white house (photos)

President Barack Obama, has concluded plans to move to an 8, 200-square-foot home in the Kalorama neighborhood in Washington, D.C. with his wife, Michelle Obama and daughters, Malia and Sasha after the conclusion of his presidency.

The 9-bedroom mansion with 8.5 baths might not be like the White House, but it still boasts plenty of suburban charm and even a few historical touches, not to mention less traffic.

Built in 1928, the single-family home was first listed in a newspaper ad for an estimated cost of $50,000, according to website Ghosts of DC. Although it seems like a steal compared to its current price tag—the last sale was to former White House press secretary Joe Lockhart for $5,295,000—it was most likely an impressive purchase for Charles Maddox, who resided in the mansion for three decades.