Built in 1898 in a combination of the Stick-Eastlake and Queen Anne styles of architecture,[1] it was the home of a leading New Bremen citizen.

Despite a split in the business in 1905, the Boesels remained in control of the original corporation, which was soon renamed the "First City Bank of New Bremen."

Besides serving the community as a banker for more than forty years,[2]: 471–472  Boesel was a member of the local government, acting as the village's treasurer in 1905.

[3] Boesel erected his house along Franklin Street on the village's western side in 1898; after he left the residence, it was the home of Alfred Rabe.

Despite this honor, it was later classified as demolished by the Ohio Historical Society because the home was moved from its original location.