NOT LISTED FOR SALE

1104 S Forest Ave Ann Arbor, MI 48104

East Packard Neighborhood

Estimated Value: $693,000 - $1,691,000

-- Bed
13 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold May 16, 2022

Last sale price $2,000,000

Est. 46% decrease in value since last sale

Current estimated payment $7,690/month

90 Days on Market

Highlights

  • Central Air
  • Laundry Facilities
  • Wood Siding
  • Burns Park Elementary School Rated A
  • Community Storage Space

About This Home

As of May 2022

This home is located at 1104 S Forest Ave, Ann Arbor, MI 48104 since 15 February 2022 and is currently estimated at $1,079,380. This property was built in 1915. 1104 S Forest 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

Chris Vessels

Metro Property Services License #6501392137 Listed on: 02/15/2022

Last Buyer's Agent

Martin Bouma

Keller Williams Ann Arbor Mrkt License #6501205750

Keller Williams Ann Arbor Mrkt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,937

Year Built

  • Built in 1915

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 53x137

Parking

  • 8 Parking Spaces

Home Design

  • Slab Foundation
  • Wood Siding

Schools

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Central Air

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units
  • Millers Add Ann Arbor Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Insurance Expense $29,920
  • Gross Income $156,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,937

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1915
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 53x137
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 14937.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 2
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Substructure:Slab: Yes
  • Location Property Info:Subdivision2: Millers Add - Ann Arbor
  • 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, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding, Block
  • List Price: 2075000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Storage: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 53x137
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 156480.0
  • Insurance Expense: 29920.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 14937.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
May 16, 2022
Sold by
1104 S Forest Llc
Bought by
1104 S Forest Investment Llc
Seller's Agent
Chris Vessels
Metro Property Services
Buyer's Agent
Martin Bouma
Keller Williams Ann Arbor Mrkt
List Price
$2,125,000
Sold Price
$2,000,000
Premium/Discount to List
-$125,000
-5.88%
Current Estimated Value
$1,079,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$920,620
Avg. Annual Appreciation
-17.61%
Original Mortgage
$1,500,000
Outstanding Balance
$1,429,642
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$376,488

Purchase Details

Listed on
Sep 1, 2020
Closed on
Aug 21, 2020
Sold by
Margolis Barry M and Margolis Elaine V
Bought by
1104 S Forest Llc
Seller's Agent
Benny Margolis
KW Domain
Buyer's Agent
Benny Margolis
Max Broock Realtors
Sold Price
$490,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
128.73%

Purchase Details

Closed on
Dec 23, 2014
Sold by
Alawi Zaki and Karim Samaher
Bought by
1106 S Forest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1104 S Forest Investment Llc $2,000,000 Devon Title Agency
1104 S Forest Llc $490,000 Devon Title Agency
1106 S Forest Llc $133 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1104 S Forest Investment Llc $1,500,000
Previous Owner 1104 S Forest Llc $324,000
Previous Owner Margolis Barry M $92,267
Previous Owner 1106 S Forest Llc $475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $2,000,000 -5.9% --
05/16/2022 05/16/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $2,125,000 +333.7% --
09/01/2020 09/01/20 Sold $490,000 +61150.0% $356 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
01/09/2018 01/09/18 Rented $800 0.0% --
12/28/2017 12/28/17 Price Changed $800 -11.1% $1 / Sq Ft
12/13/2017 12/13/17 Price Changed $900 -10.0% $2 / Sq Ft
10/26/2017 10/26/17 For Rent $1,000 -- --
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 $22,250 $408,900 $0 $0
2024 $22,250 $387,300 $0 $0
2023 $22,250 $330,500 $0 $0
2022 $25,514 $384,400 $0 $0
2021 $14,938 $224,200 $0 $0
2020 $6,394 $218,000 $0 $0
2019 $6,099 $228,600 $228,600 $0
2018 $5,984 $209,500 $0 $0
2017 $5,643 $178,200 $0 $0
2016 $5,499 $88,867 $0 $0
2015 $5,273 $88,602 $0 $0
2014 $5,273 $85,834 $0 $0
2013 -- $85,834 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Vessels

    Seller's Agent in 2022

    Chris Vessels

    Metro Property Services

    (734) 649-2409

    2 in this area

    20 Total Sales

    Chris Vessels
    Section Image
  • Martin Bouma

    Buyer's Agent in 2022

    Martin Bouma

    Keller Williams Ann Arbor Mrkt

    (734) 761-3060

    3 in this area

    776 Total Sales

    Martin Bouma
    Section Image
  • Benny Margolis

    Seller's Agent in 2020

    Benny Margolis

    KW Domain

    (734) 985-5091

    95 Total Sales

    Benny Margolis
    Section Image

  • G

    Buyer's Agent in 2018

    Georgette Amory

    Keller Williams First

    (248) 980-3580

    Georgette Amory
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20079

Southwestern Michigan Association of REALTORS®

APN: 09-33-235-010

Michigan Washtenaw County Ann Arbor 48104 East Packard

1104 S Forest Ave, Ann Arbor, MI

This home is located at 1104 S Forest Ave, Ann Arbor, MI 48104 since 15 February 2022 and is currently estimated at $1,079,380. This property was built in 1915. 1104 S Forest 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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