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FUZZY MATH Bin Laden House Worth ‘Far Less’ Than $1M Farooq Naeem, AFP / Getty Images

Bin Laden House Worth ‘Far Less’ Than $1M

It was one of the most embarrassing details about the Osama bin Laden raid: the supposedly ascetic bin Laden was hiding out not in a cave but in a million-dollar mansion. But local real-estate experts say that figure was wildly exaggerated. Instead, the somewhat ramshackle property is worth no more than $250,000, they say. "No swimming pool. This is not a posh area. We call it a middling area,” Abbottabad property dealer Muhammad Anwar said. Regardless, the damage done to the compound during Monday’s raid can’t have been good for the property value.

May 4, 2011 7:03 AM