Just two months after President Obama submitted a budget request to Congress seeking an 18 percent increase in appropriations for former presidents, the address where the Obama family will begin its post-presidency life has been revealed, along with details to make a realtor proud.

The Obamas have lived in government housing, of a sort, since moving into the White House immediately after the president’s inauguration on January 20, 2009, but will be relocating to the tony Sheridan-Kalorama neighborhood in northwest Washington, D.C. for at least a year while their youngest daughter completes high school.

While the move will downsize the Obamas, which includes First Lady Michelle’s mother, Marian Robinson, who has lived with them during the White House years, from the 55,000 square foot “Residence” area set aside for family living to what will no doubt seem cramped living in only 8,000 square feet.

The 1920 home is owned by an NFL executive and his wife who purchased it for $5.295 million in May 2014, and is currently valued at $6.35 million according to Redfin, a web-based real estate company.

The Obamas will pay $22,000 monthly rent.

Malia Obama, the family’s eldest daughter, will be taking a “gap” year before entering Harvard University in September 2017, so she will need one of the nine bedrooms in the home, which also features eight “spa” bathrooms, including the his-and-hers in the master suite.

The interior features white marble, a chef-worthy kitchen, wine cellar, as well as a large back patio area, and parking for as many as ten cars.

The residents in the posh neighborhood may not be thrilled with the constant and often obtrusive presence of the Secret Service detail that will guard the president and his family on a 24/7 basis, but they can take solace that their famous new neighbors will probably raise property values as they boost its historical significance.

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