NOT LISTED FOR SALE

1021 E University Ave Ann Arbor, MI 48104

East Packard Neighborhood

Estimated Value: $1,905,375

-- Bed
7 Baths
4,242 Sq Ft
$449/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $1,400,000 $330 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $12,428/month

1 Day on Market

Highlights

  • Laundry Facilities
  • Burns Park Elementary School Rated A
  • 5-minute walk to Forsythe Park

About This Home

As of August 2019

This home is located at 1021 E University Ave, Ann Arbor, MI 48104 since 01 August 2019 and is currently estimated at $1,905,375, approximately $449 per square foot. This property was built in 1910. 1021 E University Ave is a home located in Washtenaw County with nearby schools including Burns Park Elementary School, Tappan Middle School, and Pioneer High School.

Last Agent to Sell the Property

Jon Keller

J Keller Properties, LLC License #6502370935 Listed on: 08/01/2019

J Keller Properties, LLC

Last Buyer's Agent

Chris Vessels

Metro Property Services License #6501392137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,439

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 7 Parking Spaces

Home Design

  • Slab Foundation

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Burns Park Elementary School
  • Tappan Middle School
  • Pioneer High School

Community Details

  • 7 Units
  • Laundry Facilities
  • Gross Income $132,900

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,439

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 31439.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 7
  • Substructure:Full: Yes
  • Substructure:Slab: Yes
  • Substructure:Walk Out: Yes
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Burns Park
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Tappan
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab, Walk Out, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 1400000.0

Garage/Parking

  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0

Schools

  • Elementary School: Burns Park
  • High School: Pioneer
  • Middle/Junior School: Tappan

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 132900.0
  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 31439.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Aug 2, 2019
Sold by
1021 E University Llc
Bought by
1021 E University St Llc
Seller's Agent
Jon Keller
J Keller Properties, LLC
Buyer's Agent
Chris Vessels
Metro Property Services
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,905,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$505,375
Avg. Annual Appreciation
4.96%

Purchase Details

Listed on
Aug 1, 2019
Closed on
Jul 26, 2019
Sold by
1531 Eastover Place Llc
Bought by
1021 E University Llc
Seller's Agent
Jon Keller
J Keller Properties, LLC
Buyer's Agent
Chris Vessels
Metro Property Services
List Price
$1,400,000
Sold Price
$1,400,000

Purchase Details

Closed on
Nov 6, 2014
Sold by
Freedland Gloria
Bought by
1021 E University Llc

Purchase Details

Closed on
Apr 19, 2013
Sold by
Freedland Gloria
Bought by
800 Sylvan Llc

Purchase Details

Closed on
Mar 16, 2007
Sold by
Freedland Gloria
Bought by
Freedland Gloria and Gloria Freedland Trust Agreement

Purchase Details

Closed on
Oct 26, 2004
Sold by
1021 E U Reality Llc
Bought by
1531 Eastover Llc and Freedland Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,650
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2001
Sold by
Patel Jayesh
Bought by
U Reality L L C E

Purchase Details

Closed on
Jan 3, 2001
Sold by
Weber Carl J
Bought by
Patel Jayesh G

Purchase Details

Closed on
Aug 15, 1996
Sold by
One Thousand Twenty One
Bought by
Weber Carl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
8.47%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1021 E University St Llc -- Devon Title Agency
1021 E University Llc -- None Available
1021 E University Llc -- None Available
Freedland Gloria -- None Available
800 Sylvan Llc -- None Available
Freedland Gloria -- None Available
1531 Eastover Llc $1,020,000 Main Street Title
U Reality L L C E -- --
Patel Jayesh G $675,000 --
Weber Carl J $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1021 E Univestity S Llc $1,000,000
Open 1021 E University St Llc $6,900,000
Previous Owner 1531 Eastover Llc $641,650
Previous Owner Freedland Gloria $180,000
Previous Owner Weber Carl J $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold $1,400,000 0.0% $330 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $1,400,000 -- $330 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $57,293 $943,000 $0 $0
2024 $45,659 $847,600 $0 $0
2023 $44,447 $899,400 $0 $0
2022 $53,795 $828,500 $0 $0
2021 $52,276 $784,600 $0 $0
2020 $49,501 $756,500 $0 $0
2019 $38,839 $717,500 $717,500 $0
2018 $31,439 $616,400 $0 $0
2017 $30,328 $580,800 $0 $0
2016 $29,552 $477,606 $0 $0
2015 $28,569 $476,178 $0 $0
2014 $28,569 $461,300 $0 $0
2013 -- $461,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Keller

    Seller's Agent in 2019

    Jon Keller

    J Keller Properties, LLC

    (734) 323-1072

    1 in this area

    74 Total Sales

    Jon Keller
    Section Image
  • Chris Vessels

    Buyer's Agent in 2019

    Chris Vessels

    Metro Property Services

    (734) 649-2409

    2 in this area

    21 Total Sales

    Chris Vessels
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19844

Southwestern Michigan Association of REALTORS®

APN: 09-33-222-006

Michigan Washtenaw County Ann Arbor 48104 East Packard

1021 E University Ave, Ann Arbor, MI

This home is located at 1021 E University Ave, Ann Arbor, MI 48104 since 01 August 2019 and is currently estimated at $1,905,375, approximately $449 per square foot. This property was built in 1910. 1021 E University Ave is a home located in Washtenaw County with nearby schools including Burns Park Elementary School, Tappan Middle School, and Pioneer High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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