118 W Summit St Ann Arbor, MI 48103
Water Hill NeighborhoodEstimated payment $2,629/month
Highlights
- Bungalow
- Forced Air Heating System
- 3-minute walk to Wheeler Park
- Bach Elementary School Rated A
About This Home
Incredible opportunity to own a home within Ann Arbor’s C1 zoning district—one of the few areas that allows for non-owner occupied short-term (Airbnb, VRBO, etc.) rentals—at 118 W Summit St, Ann Arbor, MI 48103. Perfect for investors seeking a high-demand rental property or for use as your personal residence, this property is a blank slate with demolition and renovations already underway. Currently configured as a 2-bedroom, 1-bath home, it offers potential to add another bath and reimagine the living space to fit your needs. Located in the desirable Water Hill neighborhood near Kerrytown, the home boasts unbeatable walkability to Michigan Medicine, U-M Central Campus, Downtown, Kerrytown, the Farmers Market, scenic parks like Bandemer and Bird Hills, plus direct access to the new Barton-Bandemer pedestrian tunnel and expanded protected bike lanes, connecting you seamlessly to the entire city. Bring your vision and transform this property just minutes from Ann Arbor’s best destinations—schedule your private tour today.
Listing Agent
Real Estate One/Max Broock Realtors License #MISPE-6501414164 Listed on: 08/13/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1901
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 45x90x45x90
Home Design
- Bungalow
Interior Spaces
- 1,056 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 09-09-20-410-003
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,259 | $160,900 | $0 | $0 |
| 2024 | $2,103 | $137,900 | $0 | $0 |
| 2023 | $1,940 | $121,800 | $0 | $0 |
| 2022 | $2,114 | $127,000 | $0 | $0 |
| 2021 | $2,064 | $127,700 | $0 | $0 |
| 2020 | $2,022 | $122,200 | $0 | $0 |
| 2019 | $1,924 | $119,800 | $119,800 | $0 |
| 2018 | $1,897 | $121,700 | $0 | $0 |
| 2017 | $1,846 | $112,800 | $0 | $0 |
| 2016 | $1,781 | $36,910 | $0 | $0 |
| 2015 | $1,696 | $36,800 | $0 | $0 |
| 2014 | $1,696 | $35,651 | $0 | $0 |
| 2013 | -- | $35,651 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $375,000 | -6.3% | $355 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $400,000 | +0.9% | $379 / Sq Ft |
| 08/21/2024 08/21/24 | Sold | $396,500 | -0.6% | $375 / Sq Ft |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- |
| 07/18/2024 07/18/24 | For Sale | $399,000 | -- | $378 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $396,500 | Vanguard Title Company | |
| Deed | -- | -- |
Source: Michigan Multiple Listing Service
MLS Number: 50185013
APN: 09-20-410-003
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.
Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
- 117 E Summit St
- 207 Sunset Rd
- 209 Sunset Rd
- 651 N 5th Ave
- 639 N 4th Ave
- 611 N 4th Ave
- 610 N 5th Ave
- 445 Hiscock St
- 218 W Kingsley St Unit 209
- 508 W Summit St
- 121 W Kingsley St Unit 502
- 530 N Division St Unit D
- 530 N Division St Unit C
- 530 N Division St Unit A
- 530 N Division St Unit B
- 410 N 1st St Unit 301
- 410 N 1st St Unit 207
- 408 Longshore Dr Unit A
- 408 Longshore Dr Unit C
- 1128 Longshore Dr Unit 1
- 905 Wildt St
- 253 Brookridge Ct Unit 1
- 1041 N Main St
- 1011 Fountain St Unit 2
- 1011 Fountain St Unit 1
- 533 Elizabeth St Unit 2
- 508 Miller Ave
- 420 Kellogg St
- 215 N Division St
- 215 N Division St
- 215 N Division St
- 213 N Division St Unit 1
- 111 N Ashley St Unit : 404
- 111 N Ashley St Unit 410
- 111 N Ashley St Unit 401
- 301 N State St
- 629 Brooks St
- 203 N State St Unit 3
- 505 E Huron St Unit 707
- 812 Lawrence St