Grosse Pointe Farms mansion auctioned off for $907,500
Going, going, gone.
An 8,800 square foot Italian Renaissance-style house in Grosse Pointe Farms — which was profiled earlier this month in Homestyle — was auctioned off Saturday afternoon for $907,500. The winning bid went to Kathryn and Doug Jones of Grosse Pointe.
"We're very happy," said auctioneer Beth Rose of Beth Rose Real Estate and Auctions who handled Saturday's auction. "We had 13 registered bidders and other people came and watched."
Of those who came to watch were two special guests: Cynthia Dean Navarro, the daughter of the home's original owners, Charles and Helen Dean; and Steven Keyes, grandson of the architect, Hugh Tallman Keyes.
Keyes toured the house, commenting "on the little details of the house that he recognized from his parents house," said Rose. Navarro, now in her 90s, got married in the house's gardens.
"To have those few key people (there) really made my auction," said Rose. "It was an emotional day. It was a happy day and that was the icing on the cake."
Saturday's auction, which took 27 minutes from start to finish, reflects a growing trend in real estate, especially for luxury homes: home auctions.
Rose said the house — which has eight bedrooms, eight bathrooms, eight fireplaces, and is modeled in several rooms after a 14th century Italian palace — sold for under its state equalized value of $948,000, but she and the current owners, Sergio and Lora Mazza, were pleased with the outcome and that the house will go to a family with five young children.
"You always shoot for the moon, always try to get more, but the price is relevant to what the market is willing to bear," she said.
The new owners — who had to submit a $50,000 deposit to be a registered bidder — were drawn to the house's spacious yards, said Rose. The house sits on more than an acre and has gardens on both sides. They now have 35 days to close the sale.