Ford Motor Co. chairman's home on market

Jan. 31, 2007 at 9:02 PM

ANN ARBOR, Mich., Jan. 31 (UPI) -- Ford Motor Co. Chairman Bill Ford has put his 6,500-foot, five-bedroom home on 17.2 acres in Ann Arbor, Mich., up for sale.

The asking price is $3.95 million.

Savarino Properties, which listed the home, would not comment when contacted by the Detroit Free Press.

The agency's Web site describes the Mediterranean-style contemporary home built in 1980 as a "breathtaking riverfront estate in the ultimate Ann Arbor location."

Ford and his family moved more than a year ago into a new house near the home they are selling.

His company recently posted a $12.7 billion loss for 2006, its biggest annual loss ever.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules