NOT LISTED FOR SALE

1261 Island Dr Unit 202 Ann Arbor, MI 48105

Broadway Neighborhood

Estimated Value: $256,912 - $322,000

2 Beds
1 Bath
871 Sq Ft
1964 Built

Last Sold January 30, 2018

Last sale price $242,000 $278 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,181/month

Highlights

  • Water Views
  • In Ground Pool
  • Cooling System Mounted In Outer Wall Opening
  • Ann Arbor STEAM at Northside Rated A
  • Ranch Style House
  • 3-minute walk to Island Park

About This Home

As of June 2022

Where Location and Luxury meet - this second floor, two-bedroom River House Condo has it ALL! Located just steps from the U of M Hospital, it has views of the gorgeous Huron River, a truly open concept floorplan with balcony and so many upgrades. The kitchen features granite countertops, a large island with bar stools, stainless steel appliances and an entire wall of cabinetry. Even better, there is a new DreamMaker bathroom with granite double-vanity and deep soaker tub plus in-suite full sized Miele washer and dryer. Rent includes heat, water, 1 parking space, snow removal, sewer, trash & yard maintenance. No smoking, up to two cats allowed. Multi-year lease available starting July 1. Come see this home in person - it will not disappoint! 3-D tour: www.1261island.com

Last Agent to Rent the Property

Kristin Mills

Real Estate One Inc License #6501424885 Listed on: 06/05/2022

Real Estate One Inc

Last Renter's Agent

Kristin Mills

Real Estate One Inc License #6501424885 Listed on: 06/05/2022

Real Estate One Inc

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,012

Year Built

  • 1964

Home Design

  • Ranch Style House

Interior Spaces

  • 871 Sq Ft Home
  • Ceiling Fan
  • Water Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • 1 Parking Garage Space

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Ann Arbor Steam @ Northside Elementary School
  • Clague Middle School
  • Huron High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Window Unit Heating System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable/satellite, electricitiy, internet access
  • The owner pays for association fees, heat, lawn/yard care, sewer, snow removal, water

Community Details

Overview

  • River House Condo Subdivision

Recreation

  • Community Pool

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,012

Year Built

1964

Lot Details

0

Rental Info

  • Owner Pays: Association Fees, Heat, Lawn/Yard Care, Sewer, Snow Removal, Water
  • Tenant Pays: Cable/Satellite, Electricitiy, Internet Access

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential Lease
  • ArchitecturalStyle: Ranch
  • ResoPropertyType: ResidentialLease
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 871.0
  • General Property Info:Design: Ranch
  • Location Property Info:Subdivision2: River House Condo
  • Pool:OutdoorInground: Yes
  • Air Conditioning:Window Unit(s)2: Yes
  • General Property Info:_pound_ of Assigned Spaces: 1.0
  • Air Conditioning:Wall Unit(s)2: Yes
  • Heat Type:Hot Water2: Yes
  • General Property Info Elementary School2: Ann Arbor STEAM @ Northside
  • General Property Info High School: Huron
  • General Property Info Middle School2: Clague
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1964

Interior Features

  • Appliances: Dryer, Disposal, CeilingFan, Dishwasher, Microwave, Refrigerator, Washer
  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 871.0
  • Appliances Provided:Dishwasher2: Yes
  • Appliances Provided:Disposal2: Yes
  • Appliances Provided:Dryer2: Yes
  • Appliances Provided:Microwave2: Yes
  • Appliances Provided:Refrigerator2: Yes
  • Appliances Provided:Washer2: Yes
  • Appliances Provided:CeilingFan: Yes

Exterior Features

  • List Price: 2400.0
  • Pool Features: Outdoor/Inground

Garage/Parking

  • Carport: Yes
  • Garage: No
  • Garage:Garage2: No
  • Garage Type:Carport: Yes

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes

Association/Amenities

  • Water Fea Amenities:View: Yes
  • Landlord Provides:Association Fees: Yes
  • Other Amenities:PatioPorch Balcony: Yes
  • Pool:Association2: Yes
  • Other Amenities:Sidewalk2: Yes
  • Other Amenities:Cable Hookup: Yes

Schools

  • Elementary School: Ann Arbor STEAM @ Northside
  • High School: Huron
  • Middle/Junior School: Clague

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2018
Closed on
Jan 30, 2018
Sold by
Hatzis Lou and Hatzis Corina
Bought by
Gribbin Thomas and Gribbin William
Seller's Agent
Elena Martinovici
Coldwell Banker Professionals Birm
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$220,000
Sold Price
$242,000
Premium/Discount to List
$22,000
10%
Current Estimated Value
$289,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,232
Avg. Annual Appreciation
2.48%
Original Mortgage
$193,600
Outstanding Balance
$167,432
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$123,587

Purchase Details

Closed on
May 31, 2012
Sold by
Hatzis Lou and Hatzis Corina
Bought by
Hatzis Lou and Hatzis Corina

Purchase Details

Closed on
Apr 29, 2002
Sold by
Huang Huan-Chang
Bought by
Lin George H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gribbin Thomas $242,000 Title One Inc
Hatzis Lou -- None Available
Hatzis Lou $166,000 None Available
Lin George H $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gribbin Thomas $193,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Rented $2,400 0.0% --
06/07/2022 06/07/22 Under Contract -- -- --
06/05/2022 06/05/22 For Rent $2,400 0.0% --
01/30/2018 01/30/18 Sold $242,000 +7.6% $278 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
01/16/2018 01/16/18 Price Changed $224,900 +2.2% $258 / Sq Ft
01/15/2018 01/15/18 For Sale $220,000 -- $253 / Sq Ft
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 $7,012 $120,100 $0 $0
2024 $5,891 $118,700 $0 $0
2023 $4,630 $112,700 $0 $0
2022 $5,045 $99,200 $0 $0
2021 $5,041 $104,500 $0 $0
2020 $4,939 $98,300 $0 $0
2019 $4,701 $95,100 $95,100 $0
2018 $4,237 $85,900 $0 $0
2017 $4,121 $89,800 $0 $0
2016 $3,510 $82,412 $0 $0
2015 $3,787 $82,166 $0 $0
2014 $3,787 $79,600 $0 $0
2013 -- $79,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23041389

Southwestern Michigan Association of REALTORS®

APN: 09-21-401-062