DETROIT, MI – Kenneth Bresnan hopes his 3,800-square-foot “baby mansion” on Detroit’s Grayhaven Island will end up being worth the pile of money he’s poured into the 1929 Spanish Mission-style home.
The 450 Keelson Dr. house, complete with a private boat well, 150 feet of canal front, a private drive, speakeasy and its fair share of Detroit history, has been on the market since last fall, and although Bresnan’s has got a few nibbles, no one’s jumped on the Detroit mansion.
He’s asking $1.2 million for the house, which he bought in 2006. The owner admit, the house needs a substantial amount of work — it’s got good bones, though.
Bresnan has lived in the house off and on since he bought it for $800,000. He intended to do some quick renovations to the four-bedroom home, but when the housing market took a hit in 2008, he became stuck.
It’s been rented out to a few different tenants since then, but after a little bit of a fiasco in 2009, Bresnan moved back into the house, and has been researching it, trying to fix it up and sell it since then.
The problem, Bresnan said, is that he doesn’t have time to do all of the work the house needs.
He said he’s put between $20,000 and $25,000 into the former home of the Dossin family since he bought it. It still needs some roof repairs and and cosmetic work, he said. MORE
