NOT LISTED FOR SALE

Estimated Value: $1,020,631 - $1,115,000

8 Beds
3 Baths
2,105 Sq Ft
$512/Sq Ft Est. Value

Sale Details

Date Sold: September 22, 2023

Last sale price $1,030,000 $489 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,951 / mo

6 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • Burns Park Elementary School Rated A

About This Home

As of September 2023

Introducing a charming Colonial-style home that perfectly caters to the high-demand UMich student housing market in Ann Arbor, Michigan. This versatile property can serve as your residence or a lucrative rental investment, offering the best of both worlds. With a City of Ann Arbor rental certificate issued in August 2022, you can rest assured that you're in compliance with all local regulations. With the capacity to lease to up to 6 tenants per city regulations, this property boasts ample space for a comfortable and communal living experience. Ideal for UMich students, the property comes furnished with beds and desks, ensuring a hassle-free move-in for your tenants. This property currently rents for $7,500 per month, making it a lucrative investment that's sure to provide a consistent and attractive return. Recent updates includes, new roof in 2023, a new foundation in 2022, a new driveway in 2022, and a new garage door in 2020, this property is not only student-friendly but also low maintenance, ensuring peace of mind for you as the owner. The large basement provides ample storage space for tenants, allowing them to keep their living areas clutter-free. A garage is included for convenient and secure parking. Enjoy the Michigan seasons on two back patios—one on the first floor and another on the second floor—providing plenty of outdoor space for relaxation and gatherings. Situated in the vibrant city of Ann Arbor, this multifamily home is in close proximity to the University of Michigan campus, shopping, dining, and all the cultural attractions this charming city has to offer. Don't miss out on this chance to own a sought-after piece of Ann Arbor real estate in a prime location. Contact us today to schedule a viewing and seize this excellent investment opportunity.

Last Agent to Sell the Property

Kirk Weber

EXP Z Real Estate License #6501323029 Listed on: 08/30/2023

EXP Z Real Estate

Last Buyer's Agent

David McNamara

Foxway Realty

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1922

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50.00 x 137.00

Parking

  • 2 Parking Garage Spaces

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2,105 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Location

  • Ground Level

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Millers Add Ann Arbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 090933235009

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,813

Year Built

Built in 1922

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1922
  • State Equalized Value: 298500.0000
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2105

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: 2+ Assigned Spaces

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.15
  • Lot Dimensions: 50.00 x 137.00
  • Parcel Number: 090933235009

Tax Info

  • Tax Amount Summer: 15307.0000
  • Tax Amount Winter: 4506.0000
  • Total Tax: 19813.0000
  • Taxable Value: 298500.0000

MLS Schools

  • School District: Ann Arbor

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2023
Closed on
Sep 22, 2023
Sold by
Bought by
Seller's Agent
Kirk Weber
EXP Z Real Estate
Buyer's Agent
David McNamara
Foxway Realty
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%
Views
34
Current Estimated Value
$1,077,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,158
Avg. Annual Appreciation
1.58%

Purchase Details

Listed on
Apr 17, 2019
Closed on
Mar 23, 2020
Sold by
Bought by
Seller's Agent
Chris Vessels
Metro Property Services
Buyer's Agent
No Member
Non Member Sales
List Price
$990,000
Sold Price
$965,000
Premium/Discount to List
-$25,000
-2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%

Purchase Details

Closed on
Dec 23, 2014
Sold by
Bought by

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

Purchase Details

Closed on
Oct 19, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Packard, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,030,000 None Listed On Document
-- Devon Title Agency
$133 --
$133 --
$430,000 Cis
-- None Available
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $475,000
Previous Owner $364,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $1,030,000 -6.4% $489 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $1,100,000 +14.0% $523 / Sq Ft
03/23/2020 03/23/20 Sold $965,000 -2.5% -- View Prior Sale
03/13/2020 03/13/20 Pending -- -- --
04/17/2019 04/17/19 For Sale $990,000 -- --
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $24,375 $362,700 $0 $0
2025 $18,892 $361,000 $0 $0
2024 $18,461 $342,700 $0 $0
2023 $13,517 $258,800 $0 $0
2022 $19,813 $298,500 $0 $0
2021 $20,195 $303,100 $0 $0
2020 $14,283 $293,000 $0 $0
2019 $13,624 $297,800 $297,800 $0
2018 $13,367 $283,600 $0 $0
2017 $12,895 $254,500 $0 $0
2016 $12,565 $203,064 $0 $0
2015 $12,049 $244,800 $0 $0
2014 $12,049 $196,131 $0 $0
2013 -- $196,131 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230073359

Realcomp

APN: 09-33-235-009

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