It was on East River Road, now also known as U.S. Route 65. That stretch of East River was all huge mansions, whose owners tried to outdo their neighbors with splendor. Many noted Toledoans moved there, among them Stranahan and Acklin, both noted Toledo industrialists.
The 1928-29 Perrysburg directory shows the Tracys to have been on lot #13. An existing home at 28589 East River Rd., on the north side of the road, was the Rathbun Fuller home which was designed by George B. Rhinefrank and was built in 1923. In the 1928-29 directory the Fullers owned lot #9. This would suggest that the Tracys home was 2 lots east of the Fullers. The first lot may have adjacent to East Boundary Street.
One of your papers mentions that the children rowed a boat and once swam to an island. If they swam there it must have been pretty close to their home. The only island in the vicinity that I know of is Audobon Island in the Maumee RIver. I you can locate that island on a map it could help you to pinpoint the Tracys home.
In 2005, C. Robert Boyd's book, "Perrysburg Historic Architecture" (ISBN 0-7385-402-1) included old and new photos and the Tracy home is not mentioned or pictured.