NOT LISTED FOR SALE

207 S 7th St Ann Arbor, MI 48103

Old West Side Neighborhood

Estimated Value: $418,000 - $577,000

2 Beds
2 Baths
1,312 Sq Ft
$361/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $395,000 $301 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,403/month

59 Days on Market

Highlights

  • Porch
  • Bungalow
  • 2-minute walk to Waterworks Park
  • Bach Elementary School Rated A
  • Forced Air Heating System

About This Home

As of June 2024

Charming Duplex 5 Blocks from Downtown Ann Arbor
Welcome to this delightful duplex located just 5 blocks away from the vibrant downtown Ann Arbor. This unique property offers a versatile living arrangement with a 2-bedroom, 1-bathroom unit on the bottom floor and a 1-bedroom, 1-bathroom studio unit on the top floor, which can easily be converted back into a single-family home. With its prime location and flexible layout, this home is sure to appeal to a variety of buyers.
The exterior of the home exudes curb appeal, featuring a well-maintained facade, a charming porch, and a lush front yard. It blends seamlessly with the surrounding neighborhood, offering a welcoming atmosphere.
Upon entering the bottom unit, you'll find a spacious living area flooded with natural light, creating an inviting ambiance. The open floor plan seamlessly connects the living room, dining area, and kitchen, providing an ideal layout for comfortable living and entertaining. The kitchen is modern and well-appointed, featuring granite countertops, ample cabinetry, and high-quality appliances.
The bottom unit includes two cozy bedrooms, each providing a peaceful retreat, along with an updated bathroom. The bedrooms offer ample closet space and large windows that allow for plenty of natural light.
The top studio unit consists of a comfortable bedroom, a bathroom, a well-equipped kitchen, and a cozy living area. This unit can easily be converted back into a single-family home, providing additional space for a growing family or those desiring a larger living area.
In addition to its proximity to downtown Ann Arbor, this duplex is conveniently located near parks, schools, universities, medical facilities, and major transportation routes, making it an ideal choice for those seeking both convenience and connectivity.
Bottom unit currently rented for $2000/month, upper unit rented for $1375/month. Showings only from 12-2pm on Fridays. 24 hours notice requested.

Last Agent to Sell the Property

Jeremy Rhodes

Cornerstone Real Estate License #6501356799 Listed on: 04/03/2024

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 33.00 x 66.00

Home Design

  • Bungalow
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,312 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 090929209014

Community Details

Overview

  • 2 Units
  • Jewetts Add Subdivision

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1910
  • State Equalized Value: 178500.0000
  • Pets Allowed: Breed Restrictions
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1312
  • Total Sq Ft: 1312
  • Sq Ft Total Bsmt: 875

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Frontage Feet: 33
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street

Schools

  • School District: Ann Arbor

Lot Info

  • Lot Size Area: 0.05
  • Lot Dimensions: 33.00 x 66.00
  • Parcel Number: 090929209014
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 8308.0000
  • Tax Amount Winter: 2287.0000
  • Total Tax: 10595.0000
  • Taxable Value: 159075.0000

Multi Family

  • Gross Scheduled Income: 48000.00
  • Number Of Units Total: 2
  • Number of Efficiency 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
Apr 3, 2024
Closed on
Jun 14, 2024
Sold by
Skarbek Capital Llc
Bought by
Youn Peter J
Seller's Agent
Jeremy Rhodes
Cornerstone Real Estate
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$449,000
Sold Price
$395,000
Premium/Discount to List
-$54,000
-12.03%
Views
77
Current Estimated Value
$473,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,570
Avg. Annual Appreciation
14.13%
Original Mortgage
$316,000
Outstanding Balance
$312,526
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$155,898

Purchase Details

Listed on
Nov 2, 2020
Closed on
Jun 2, 2021
Sold by
Alberts Betty A
Bought by
Starbek Capital Llc
Seller's Agent
Vance Shutes
Real Estate One Inc
Buyer's Agent
No Member
Non Member Sales
List Price
$379,000
Sold Price
$275,000
Premium/Discount to List
-$104,000
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$251,300
Interest Rate
2.96%
Mortgage Type
New Conventional
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
Youn Peter J $395,000 None Listed On Document
Starbek Capital Llc $275,000 None Available
Skarbek Capital Llc $275,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youn Peter J $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $395,000 -5.9% $301 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/08/2024 05/08/24 Price Changed $419,900 -2.3% $320 / Sq Ft
04/29/2024 04/29/24 Price Changed $429,900 -2.3% $328 / Sq Ft
04/05/2024 04/05/24 Price Changed $439,900 -2.0% $335 / Sq Ft
04/03/2024 04/03/24 For Sale $449,000 0.0% $342 / Sq Ft
07/25/2023 07/25/23 Rented $2,000 -4.8% --
07/24/2023 07/24/23 Under Contract -- -- --
05/10/2023 05/10/23 For Rent $2,100 +7.7% --
06/21/2022 06/21/22 Rented $1,950 -29.1% --
06/21/2022 06/21/22 Under Contract -- -- --
02/15/2022 02/15/22 For Rent $2,750 0.0% --
06/04/2021 06/04/21 Sold $275,000 -27.4% $210 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
11/02/2020 11/02/20 For Sale $379,000 -- $289 / Sq Ft
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 $10,709 $215,400 $0 $0
2024 $8,997 $194,000 $0 $0
2023 $8,308 $178,500 $0 $0
2022 $10,056 $151,500 $0 $0
2021 $7,071 $148,300 $0 $0
2020 $6,849 $157,600 $0 $0
2019 $6,533 $156,900 $156,900 $0
2018 $6,409 $152,400 $0 $0
2017 $6,183 $136,200 $0 $0
2016 $4,811 $97,368 $0 $0
2015 $5,777 $97,077 $0 $0
2014 $5,777 $94,045 $0 $0
2013 -- $94,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jeremy Rhodes

    Cornerstone Real Estate

    Section Image

  • U

    Buyer's Agent in 2024

    Unidentified Agent

    Unidentified Office

  • Heather Freeling

    Seller's Agent in 2023

    Heather Freeling

    Berk Real Estate

    (734) 678-5577

    35 Total Sales

    Heather Freeling
    Section Image

  • H

    Buyer's Agent in 2023

    Heather Berkovitz

    Trillium Real Estate

  • Vance Shutes

    Seller's Agent in 2021

    Vance Shutes

    Real Estate One Inc

    (734) 476-2063

    1 in this area

    95 Total Sales

    Vance Shutes
    Section Image

  • N

    Buyer's Agent in 2021

    No Member

    Non Member Sales

See All Agents

Map

Source: Realcomp

MLS Number: 20240021032

Realcomp

APN: 09-29-209-014

Michigan Washtenaw County Ann Arbor 48103 Old West Side

207 S 7th St, Ann Arbor, MI

This home is located at 207 S 7th St, Ann Arbor, MI 48103 since 03 April 2024 and is currently estimated at $473,570, approximately $360 per square foot. This property was built in 1910. 207 S 7th St is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson 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.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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