Michigan Mansion Hits Market for $3.5 Million

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By Douglas A. McIntyre Updated Published
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Michigan Mansion Hits Market for $3.5 Million

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[cnxvideo id=”625477″ placement=”ros”]Seven bedrooms, six full baths and 12,000 square feet of living space. The castle that houses these is for sale in the rich Detroit suburb of Bloomfield Township in Michigan.

The house is old — built in 1928. An article at MLive pointed out:

The property is a home of a different era, before the Great Depression when monied Detroiters invested in homes with a presence. Boston Edison, Palmer Woods, areas of Birmingham and the Grosse Pointes all took shape at this time.

The era is not gone altogether, as the wealthy build multimillion-dollar houses in areas like Orchard Lake, about 40 miles from downtown Detroit.

However, the 12,000 square foot home at 900 Adam’s Castle Dr. dwarfs many of these new homes, and it has extremely impressive amenities, according to the listing for its sale:

“The Adams Castle”, a treasured Landmark. Enter through the gates of this 2.2 acre estate on brick paved motor court with a magnificent fountain. French Normandy Style Tudor, built 1928, architect Richard Marr, has been coveted by many. Elegant living room and dining room seating 14+ overlook the pool and exquisitely manicured gardens. The solarium has floor to ceiling marble with ornate silver leaf ceiling. Poggenpohl kitchen. Lower level features a ballroom, billiard room, wet bar, game room and sauna. Over 12,000 square feet including the 2 bedroom, 2 bath carriage house, pool house with its own kitchenette, his and her changing areas with baths. Home is museum quality from its imported fireplaces, rare marbles, hand carved woodwork, fresco ceilings, plaster relief crown mouldings, gold and silver leafing, stained glass, extensive use of Pewabic tile. Whole house generator.

It is priced far above the median list price for Bloomfield Township homes, which is $699,985.
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Owning the home would cost a massive amount of money, which is estimated at $18,533 per month, with 20% down and a 30-year fixed rate mortgage of 3.63%. The monthly number also includes property tax and home insurance. Not terribly much for a home that has a ballroom.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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