NOT LISTED FOR SALE

1407 E Park Place Ann Arbor, MI 48104

Lower Burns Park Neighborhood

Estimated Value: $647,000 - $770,000

3 Beds
2.5 Baths
1,452 Sq Ft
$472/Sq Ft Est. Value

Last Sold October 11, 2017

Last sale price $431,000 $297 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,399/month

Highlights

  • Deck
  • Wood Flooring
  • Home Office
  • Burns Park Elementary School Rated A
  • No HOA
  • 2-minute walk to Graydon Park

About This Home

As of October 2017

Entered for comp purposes only.

Last Agent to Sell the Property

Nancy Paterson

@properties Christie's Int'lAA Listed on: 10/11/2017

Last Buyer's Agent

Nancy Paterson

Howard Hanna Real Estate License #6506046872

Howard Hanna Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,729

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 39 x 132
  • Private Entrance
  • Back Yard Fenced
  • Property is zoned R1D, R1D

Parking

  • 1 Car Detached Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,452 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Living Room
  • Dining Room
  • Home Office
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,729

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1928
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 292.7
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 39 x 132
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1452.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 6729.0
  • Tax Info:Zoning3: R1D
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceiling Fans: Yes
  • Windows:Skylight(s): Yes
  • General Property Info:Entry Type: Private
  • General Property Info:SqFt Above Grade: 1452.0
  • Laundry Features Lower Level: Yes
  • General Property Info Elementary School2: Burns Park Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Tappan Middle School
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • LivingArea: 1452.0
  • Window Features: Skylight(s)
  • General Property Info:Stories2: 2.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • Fencing: Fenced Back
  • List Price: 425000.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Deck, Porch(es)
  • Exterior Material:Aluminum Siding: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Laundry Features: Lower Level
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 39 x 132
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: R1D

Tax Info

  • Tax Annual Amount: 6729.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2017
Closed on
Aug 14, 2017
Sold by
Young James E and Young Michaelle M
Bought by
Grace Kathryn R and Grace Peter
Seller's Agent
Nancy Paterson
@properties Christie's Int'lAA
Buyer's Agent
Nancy Paterson
Howard Hanna Real Estate
List Price
$425,000
Sold Price
$431,000
Premium/Discount to List
$6,000
1.41%
Current Estimated Value
$684,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,618
Avg. Annual Appreciation
5.76%
Original Mortgage
$431,000
Outstanding Balance
$355,269
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$329,349

Purchase Details

Listed on
Jan 6, 2012
Closed on
Feb 10, 2012
Sold by
Young James E and Young Michelle M
Bought by
Young James E and Young Michelle M
Seller's Agent
Martin Bouma
Keller Williams Ann Arbor Mrkt
Buyer's Agent
Marjorie Bolgos
The Charles Reinhart Company
List Price
$279,000
Sold Price
$265,500
Premium/Discount to List
-$13,500
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.92%

Purchase Details

Listed on
Jan 6, 2012
Closed on
Feb 6, 2012
Sold by
Beale Stella Katherine and Allen Stella B
Bought by
Young James E and Young Michelle M
Seller's Agent
Martin Bouma
Keller Williams Ann Arbor Mrkt
Buyer's Agent
Marjorie Bolgos
The Charles Reinhart Company
List Price
$279,000
Sold Price
$265,500
Premium/Discount to List
-$13,500
-4.84%

Purchase Details

Closed on
Jan 21, 2005
Sold by
Allen Jeffrey K
Bought by
Allen Stella B

Purchase Details

Closed on
Jul 18, 2000
Sold by
Andrews Kenneth
Bought by
Allen Jeffrey K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Grace Kathryn R -- Preferred Title
Young James E -- Liberty Title
Young James E $265,500 Liberty Title
Allen Stella B -- --
Allen Jeffrey K $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grace Kathryn R $431,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2017 10/11/17 Sold $431,000 +1.4% $297 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $425,000 +60.1% $293 / Sq Ft
02/10/2012 02/10/12 Sold $265,500 -4.8% $183 / Sq Ft View Prior Sale
01/20/2012 01/20/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $279,000 -- $192 / Sq Ft
Source: MichRIC

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 $10,249 $261,300 $0 $0
2024 $9,996 $242,100 $0 $0
2023 $9,217 $227,400 $0 $0
2022 $10,043 $198,900 $0 $0
2021 $9,807 $216,900 $0 $0
2020 $9,578 $200,600 $0 $0
2019 $9,116 $189,600 $189,600 $0
2018 $8,987 $180,100 $0 $0
2017 $6,974 $176,200 $0 $0
2016 $6,729 $139,461 $0 $0
2015 $6,408 $139,044 $0 $0
2014 $6,408 $134,700 $0 $0
2013 -- $134,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nancy Paterson

    @properties Christie's Int'lAA

  • Martin Bouma

    Seller's Agent in 2012

    Martin Bouma

    Keller Williams Ann Arbor Mrkt

    (734) 761-3060

    1 in this area

    743 Total Sales

    Martin Bouma
    Section Image

  • M

    Buyer's Agent in 2012

    Marjorie Bolgos

    The Charles Reinhart Company

See All Agents

Map

Source: MichRIC

MLS Number: 23082525

MichRIC

APN: 09-33-330-007

Michigan Washtenaw County Ann Arbor 48104 Lower Burns Park

1407 E Park Place, Ann Arbor, MI

Not Listed for Sale

Detached

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