Berry Gordy’s former residence goes on sale for $1.395M

July 15, 2010 by · Leave a Comment 

By GRETA GUEST
FREE PRESS BUSINESS WRITER

Berry Gordy’s former residence in Detroit’s Boston-Edison neighborhood will go up for sale on Monday.

The asking price: $1.395 million.

The house features nine bedrooms, five full bathrooms and four half-baths plus a five-car garage and a 4,000-square-foot pool house, said Kenan Bakirci, the listing agent who works for Coldwell Banker Weir Manuel in the Birmingham/Bloomfield South office.

The main house is 8,500 square feet.

The Motown mansion was built in 1917 by lumber magnate Nels Michelson. It features Italian renaissance design and old world craftsmanship including a black walnut paneled living room and a marble-columned ballroom.

Motown greats including Smokey Robinson, Diana Ross and The Supremes, Billy Dee Williams, Stevie Wonder, Aretha Franklin, The Jackson 5, The Four Tops, The Temptations and others were visitors to the house.

Determining a sales price in today’s housing slump wasn’t easy, Bakirci said.

“Wow, that is the toughest thing on earth,” he said. “It is 10 cents on the dollar for what it would cost to replicate this house today. It has a crazy pool house that is 4,000 square feet with bowling lanes and a billiard room. So how do you price it?”

Bakirci said the house might have been able to sell for closer to $2 million during the market peak.

The current owner, Cynthia Reaves, president and CEO of Jackson Gates Associates Inc., restored the home over the past five years, Bakirci said.

Article From:

http://www.freep.com/article/20100708/ENT04/100708034/1017/Business04/Berry-Gordys-former-residence-goes-on-sale-for-1.395M

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