NOT LISTED FOR SALE

Estimated Value: $521,000 - $582,000

3 Beds
2 Baths
1,532 Sq Ft
$361/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $450,000 $294 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,994/month

31 Days on Market

Highlights

  • 0.37 Acre Lot
  • Deck
  • Covered patio or porch
  • Bryant Elementary School Rated A-
  • Ranch Style House
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Don’t miss out on this incredible investment property on E Stadium in the heart of Ann Arbor! Situated in a prime location close to everything - one mile from the big house! Lease out both sides for maximum profit or live in one side & lease out the other! Unit 1810 has 2 beds & 1 bath w/ a completely updated interior including Ikea kitchen, ceramic tile bath, refinished HW floors & fixtures throughout. 1810 also has new windows w/ transferable warranty. Unit 1812 is a spacious 1 bed, 1 bath unit. Updated bath & floors. Both units have completely separate utilities. Separate basement areas w/ laundry facilities & plenty of room for storage. New Furnace, A/C & HWT in both units in 2017. Drain tile systems w/ sump pumps also installed in both units. Fantastic Ann Arbor Schools and close to parks! Currently leased until July 31st, 2022. 2 Bed for $1,900 per month. 1 bed w/ a projected future income of $1,400.00 per month. Show Appts 5-7pm Thurs/Fri & 11a-3pm Sat/Sun. 24 Hour Notice Req'd

Last Agent to Sell the Property

Lauriel Ralston Pardo

RE/MAX Classic License #6501360173 Listed on: 03/30/2022

RE/MAX Classic

Last Buyer's Agent

Shaina Bertrang

Woodward Square Realty, LLC License #6501427338

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951 | Remodeled in 2016

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 110.00x146.00

Parking

  • Garage

Home Design

  • 1,532 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 090933400012

Community Details

Overview

  • 2 Units
  • Frisinger Land Companys Third Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1951 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1951
  • State Equalized Value: 217300.0000
  • Year Renovated: 2016
  • Foundation Features: Drainage System
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1532
  • Total Sq Ft: 1532
  • Sq Ft Total Bsmt: 1532

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Poured
  • Frontage Feet: 110
  • Porch Type: Porch - Covered, Deck, Porch
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage: Yes
  • MF Parking: Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Ann Arbor

Lot Info

  • Lot Size Area: 0.37
  • Lot Dimensions: 110.00X146.00
  • Parcel Number: 090933400012
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3500

Tax Info

  • Tax Amount Summer: 9854.0000
  • Tax Amount Winter: 2892.0000
  • Total Tax: 12746.0000
  • Taxable Value: 191317.0000

Multi Family

  • Gross Scheduled Income: 42000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Sep 1, 2022
Sold by
Acho Shari B
Bought by
Gong Galen
Seller's Agent
Lauriel Ralston Pardo
RE/MAX Classic
Buyer's Agent
Shaina Bertrang
Woodward Square Realty, LLC
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%
Views
3
Current Estimated Value
$556,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,939
Avg. Annual Appreciation
7.36%
Original Mortgage
$382,500
Outstanding Balance
$366,250
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$187,854

Purchase Details

Listed on
Sep 10, 2016
Closed on
Dec 28, 2016
Sold by
Birkle William M
Bought by
Acho Shari B
Seller's Agent
Dennis Boychuck
RE/MAX Platinum
Buyer's Agent
Christa Caulk
The More Group
List Price
$340,000
Sold Price
$290,000
Premium/Discount to List
-$50,000
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$232,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2014
Sold by
Birkle William M and Birkle Ann A
Bought by
Birkle William M and Birkle Michael W
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
Gong Galen $450,000 --
Acho Shari B $290,000 Select Title Co
Birkle William M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gong Galen $382,500
Previous Owner Acho Shari B $290,500
Previous Owner Acho Shari B $8,000
Previous Owner Acho Shari B $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $450,000 -8.1% $294 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
06/21/2022 06/21/22 Price Changed $489,900 -2.0% $320 / Sq Ft
06/13/2022 06/13/22 For Sale $499,900 0.0% $326 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/17/2022 05/17/22 Price Changed $499,900 -4.8% $326 / Sq Ft
04/20/2022 04/20/22 Price Changed $524,900 +81.0% $343 / Sq Ft
12/29/2016 12/29/16 Sold $290,000 0.0% $189 / Sq Ft
12/29/2016 12/29/16 Sold $290,000 -14.7% --
12/27/2016 12/27/16 Pending -- -- --
12/27/2016 12/27/16 Pending -- -- --
09/10/2016 09/10/16 For Sale $340,000 0.0% $222 / Sq Ft
07/29/2016 07/29/16 For Sale $340,000 -- --
Source: Realcomp

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 $11,343 $265,100 $0 $0
2024 $10,563 $239,300 $0 $0
2023 $9,740 $219,100 $0 $0
2022 $11,585 $222,100 $0 $0
2021 $12,747 $217,300 $0 $0
2020 $12,346 $213,100 $0 $0
2019 $12,248 $195,500 $195,500 $0
2018 $9,023 $188,300 $0 $0
2017 $8,777 $177,100 $0 $0
2016 $5,517 $89,173 $0 $0
2015 $5,291 $88,907 $0 $0
2014 $5,291 $86,129 $0 $0
2013 -- $86,129 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220018216

Realcomp

APN: 09-33-400-012