NOT LISTED FOR SALE

1205 E University Ave Ann Arbor, MI 48104

East Packard Neighborhood

Estimated Value: $741,000 - $951,000

-- Bed
3 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold July 07, 2017

Last sale price $635,000

Est. 34% increase in value since last sale

Current estimated payment $5,779/month

59 Days on Market

Highlights

  • Laundry Facilities
  • Wood Siding
  • 4-minute walk to Forsythe Park
  • Burns Park Elementary School Rated A

About This Home

As of July 2017

This home is located at 1205 E University Ave, Ann Arbor, MI 48104 since 08 May 2017 and is currently estimated at $848,421. This property was built in 1901. 1205 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

Patricia Durston

The Charles Reinhart Company License #6506044640 Listed on: 05/08/2017

The Charles Reinhart Company

Last Buyer's Agent

Ed Ridha

The Charles Reinhart Company License #6506044647

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,109

Year Built

  • Built in 1901

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 44x76

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Schools

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

Community Details

  • Laundry Facilities
  • Gross Income $54,000

Listing and Financial Details

  • Tenant pays for electric, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,109

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 44X76
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 9108.76
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 1
  • Substructure:Full: 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: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 630000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 44X76
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric, Water

Multi Family

  • Gross Income: 54000.0
  • Number of Units Total: 1

Tax Info

  • Tax Annual Amount: 9108.76
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Jul 5, 2017
Sold by
Lucchesi Thomas and Lucchesi Mary
Bought by
1205 E University Llc
Seller's Agent
Patricia Durston
The Charles Reinhart Company
Buyer's Agent
Ed Ridha
The Charles Reinhart Company
List Price
$630,000
Sold Price
$635,000
Premium/Discount to List
$5,000
0.79%
Current Estimated Value
$848,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,421
Avg. Annual Appreciation
4.07%
Original Mortgage
$335,000
Outstanding Balance
$280,715
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$593,241

Purchase Details

Closed on
Oct 29, 2010
Sold by
Roble Chester Walter and Roble Marilyn Lois
Bought by
Lucchesi Thomas and Lucchesi Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 1996
Sold by
Roble Chester Walter
Bought by
Roble Family Trust
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
1205 E University Llc $635,000 None Available
Lucchesi Thomas $375,000 Liberty Title
Roble Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1205 E University Llc $335,000
Previous Owner Lucchesi Thomas $281,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $635,000 +0.8% --
07/06/2017 07/06/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $630,000 -- --
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 $13,115 $235,800 $0 $0
2024 $11,018 $220,900 $0 $0
2023 $10,174 $194,800 $0 $0
2022 $14,841 $223,600 $0 $0
2021 $14,523 $228,300 $0 $0
2020 $13,969 $217,300 $0 $0
2019 $13,325 $217,400 $217,400 $0
2018 $13,073 $204,600 $0 $0
2017 $9,348 $181,200 $0 $0
2016 $9,108 $147,207 $0 $0
2015 $8,734 $146,767 $0 $0
2014 $8,734 $142,182 $0 $0
2013 -- $142,182 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patricia Durston

    Seller's Agent in 2017

    Patricia Durston

    The Charles Reinhart Company

    (734) 260-9247

    43 Total Sales

    Patricia Durston
    Section Image
  • Ed Ridha

    Buyer's Agent in 2017

    Ed Ridha

    The Charles Reinhart Company

    (734) 645-3110

    2 in this area

    133 Total Sales

    Ed Ridha
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23063712

Southwestern Michigan Association of REALTORS®

APN: 09-33-233-018

Michigan Washtenaw County Ann Arbor 48104 East Packard

1205 E University Ave, Ann Arbor, MI

This home is located at 1205 E University Ave, Ann Arbor, MI 48104 since 08 May 2017 and is currently estimated at $848,421. This property was built in 1901. 1205 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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