DETROIT, MI – The stories that have been blasted coast to coast about property prices in Detroit are famous for how low can you go. The opposite is true for the recent sale of the Alfred J. Fisher mansion in Palmer Woods.
It is being reported that the sale of the mansion closed on August 22nd, 2014 for $1.6 million. It is the highest price recorded for a residence in the city in many recent years.
The size, the history and the one-of-kind details make it worth it, such as certain wall coverings that are made of horse hair and silk or the hand-painted ceilings and walls in each room.
There are those that will say that if the property were located in another county that the price would have been three to four times higher. That might be true but this sale proves that Detroit can turn the corner when it comes to property prices that sank to unheard of levels.
Built in 1926 this estate was one of several mansions commissioned by members of the legendary Fisher family throughout the city of Detroit. The mansion features 15 bedrooms, 17 bathrooms, a ballroom, sun room, a billiards room, which contains original stained glassed windows, a large limestone fireplace, solid oak doors which were used to hide the bar during the prohibition days and an indoor pool.
The new owner wishes to remain anonymous.