118 W Summit St Ann Arbor, MI 48103
Water Hill NeighborhoodEstimated payment $2,621/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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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Source MLS: MiRealSource
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