Santa Claus’ home is now worth $710,559

(Courtesy: Zillow)

NORTH POLE (WKRN) – The value of Santa Claus’ home has increased 6.5 percent since last winter, according to real estate website Zillow.

(Courtesy: Zillow)

When his home was first listed on Zillow’s website, it was worth $656,957. This year, it’s worth $710,559.

The house was built in the 1800s but has recently been upgraded with some modern touches.

Zillow describes Santa’s house as a “toy-lover’s paradise nestled on 25 idyllic acres.” The property includes “Santa’s main living quarters, a community of elf tiny homes, a state-of-the-art toy-making facility, garage with space for an all-weather sleigh and stables that board eight live-in reindeer, plus a bonus stall for red-nosed company.”

According to Zillow, the current median estimate for home value in the U.S. is about $204,000.

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