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The Kettering mansion once owned by former Ohio Gov. James Cox, founder of Cox Enterprises, is going up for public auction in a foreclosure sale. The lowest acceptible bid will be $533,000 at the Nov. 14 auction.
The property, 3500 Governors Trail Road in Kettering, is listed as a 20-room home valued at $1 million, according to Montgomery County recorder’s records.
The home, built in the classical French Renaissance-style, last sold for $1.5 million in 2005 by Danis Properties to Charles W. Spear and has been used as a space for business meetings and events.
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Montgomery County court records show a foreclosure action initiated by Bank of New York Mellon in 2012 with Spear as the defendant. The complaint states that $922,242 was owed in installment payments and interest on a $1 million note. RealtyTrac lists HER Realtors as the contact for information on the sale.
The home, known as Trails End, was built in 1915 by former Ohio Governor James M. Cox. Cox founded the company that has become Cox Enterprises, owner of the Dayton Daily News, WHIO TV and radio, Springfield News-Sun among other businesses (including this website).
The home is on five acres and has six bedrooms, six bathrooms, two tennis courts, a billiards room and an inground swimming pool.
After Cox passed away in 1957, the property was sold and became a private club from 1958 to 1982. Danis Properties Co. Inc. bought the property in 1986 and renovated it at a cost of $2.5 million. In 2004, it was again offered for sale.
“The former home of Ohio Governor James Cox has great historical significance in the city of Kettering. It is a spectacular property and we look forward to welcoming a new owner.” Kettering City Manager Mark Schwieterman said Friday.
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