NOT LISTED FOR SALE

1427 Broadway St Ann Arbor, MI 48105

Broadway Neighborhood

Estimated Value: $439,000 - $992,642

8 Beds
4 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold March 23, 2023

Last sale price $1,890,000

Current estimated payment $5,228/month

177 Days on Market

Highlights

  • Laundry Facilities
  • Ann Arbor STEAM at Northside Rated A
  • Community Storage Space

About This Home

As of March 2023

This home is located at 1427 Broadway St, Ann Arbor, MI 48105 since 27 September 2022 and is currently estimated at $754,661. This property was built in 1901. 1427 Broadway St is a home located in Washtenaw County with nearby schools including Ann Arbor STEAM at Northside, Clague Middle School, and Skyline High School.

Last Agent to Sell the Property

Suzanne Betz

Real Estate One Inc License #6501256197 Listed on: 09/27/2022

Real Estate One Inc

Last Buyer's Agent

Michael Schmidt

The Charles Reinhart Company License #6501443458

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,576

Year Built

  • Built in 1901

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 50 x 182

Parking

  • 5 Parking Spaces

Basement

  • Partial Basement
  • Crawl Space

Schools

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

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units
  • Traver Add Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Insurance Expense $11,784
  • Gross Income $156,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,576

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 2100000.0

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Storage: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Dimensions: 50 x 182
  • Lot Size Sq Ft: 9148.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 156000.0
  • Insurance Expense: 11784.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 8576.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Mar 23, 2023
Sold by
Aa Broadway Properties 2 Llc
Bought by
Schmidt Michael K and Schmidt Melissa M
Seller's Agent
Suzanne Betz
Real Estate One Inc
Buyer's Agent
Michael Schmidt
The Charles Reinhart Company
List Price
$2,100,000
Sold Price
$1,890,000
Premium/Discount to List
-$210,000
-10%
Total Days on Market
177
Views
200
Current Estimated Value
$754,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,135,339
Avg. Annual Appreciation
-33.63%
Original Mortgage
$466,737
Outstanding Balance
$455,175
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$299,486

Purchase Details

Closed on
Jun 29, 2020
Sold by
Broadway Properties Llc
Bought by
Aa Broadway Properties 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,505
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 18, 2000
Sold by
Zimmerman Eric
Bought by
Broadway Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Schmidt Michael K $900,000 --
Aa Broadway Properties 2 Llc -- None Available
Broadway Properties Llc $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Michael K $466,737
Previous Owner Aa Broadway Properties 2 Llc $538,505
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $1,890,000 -10.0% --
03/23/2023 03/23/23 Pending -- -- --
09/27/2022 09/27/22 For Sale $2,100,000 -- --
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
2024 $12,147 $225,500 $0 $0
2023 $7,135 $196,600 $0 $0
2022 $8,636 $188,500 $0 $0
2021 $8,392 $169,100 $0 $0
2020 $8,128 $166,300 $0 $0
2019 $7,753 $158,600 $158,600 $0
2018 $7,607 $176,900 $0 $0
2017 $7,338 $177,300 $0 $0
2016 $5,710 $115,560 $0 $0
2015 $6,857 $115,215 $0 $0
2014 $6,857 $111,616 $0 $0
2013 -- $111,616 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Betz

    Seller's Agent in 2023

    Suzanne Betz

    Real Estate One Inc

    (734) 646-7975

    2 in this area

    106 Total Sales

    Suzanne Betz
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Schmidt

    The Charles Reinhart Company

    (989) 245-3826

    2 in this area

    11 Total Sales

    Michael Schmidt
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23062922

Southwestern Michigan Association of REALTORS®

APN: 09-21-300-011

Michigan Washtenaw County Ann Arbor 48105 Broadway

1427 Broadway St, Ann Arbor, MI

This home is located at 1427 Broadway St, Ann Arbor, MI 48105 since 27 September 2022 and is currently estimated at $754,661. This property was built in 1901. 1427 Broadway St is a home located in Washtenaw County with nearby schools including Ann Arbor STEAM at Northside, Clague Middle School, and Skyline 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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