NOT LISTED FOR SALE

Estimated Value: $1,414,274

Studio
5 Baths
3,054 Sq Ft
$463/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $952,449 $312 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,729/month

76 Days on Market

Highlights

  • Laundry Facilities
  • Wood Siding
  • 2-minute walk to Hanover Square Park
  • Bach Elementary School Rated A

About This Home

As of January 2018

This home is located at 308 E Jefferson St, Ann Arbor, MI 48104 since 03 November 2017 and is currently estimated at $1,414,274, approximately $463 per square foot. This property was built in 1901. 308 E Jefferson St is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson Middle School, and Pioneer High School.

Last Agent to Sell the Property

Max Cope

Keller Williams Ann Arbor Mrkt License #6501375790 Listed on: 11/03/2017

Keller Williams Ann Arbor Mrkt

Last Buyer's Agent

No Member

Non Member Sales

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,726

Year Built

  • Built in 1901

Lot Details

  • 3,485

Parking

  • 3 Parking Spaces

Home Design

  • Wood Siding

Schools

  • Bach Elementary School
  • Slauson Middle School
  • Pioneer High School

Additional Features

  • Basement Fills Entire Space Under The House
  • 3,485 Sq Ft Lot

Community Details

Building Details

  • Insurance Expense $8,834
  • Gross Income $67,380

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,726

Year Built

Built in 1901

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 5
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 950000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Schools

  • Elementary School: Bach Elementary School
  • High School: Pioneer High School
  • Middle/Junior School: Slauson Middle School

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: R4C

Multi Family

  • Gross Income: 67380.0
  • Insurance Expense: 8834.0
  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 8726.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
Feb 16, 2018
Sold by
Hart Barry
Bought by
A2 E Jefferson Llc
Seller's Agent
Max Cope
Keller Williams Ann Arbor Mrkt
Buyer's Agent
No Member
Non Member Sales
List Price
$950,000
Sold Price
$952,449
Premium/Discount to List
$2,449
0.26%
Current Estimated Value
$1,414,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,825
Avg. Annual Appreciation
4.98%
Original Mortgage
$350,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 3, 2017
Closed on
Jan 31, 2018
Sold by
East Jefferson Properties Llc
Bought by
Hart Barry
Seller's Agent
Max Cope
Keller Williams Ann Arbor Mrkt
Buyer's Agent
No Member
Non Member Sales
List Price
$950,000
Sold Price
$952,449
Premium/Discount to List
$2,449
0.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2003
Sold by
Larson Robert E and Larson Christine R L
Bought by
East Jefferson Street Properties Llc

Purchase Details

Closed on
Apr 24, 1998
Sold by
Hing Mary W
Bought by
Larson Robert E and Larson Christine R L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
A2 E Jefferson Llc -- None Available
Hart Barry $950,000 Liberty Title
East Jefferson Street Properties Llc -- Liberty Title
East Jefferson Street Properties Llc -- --
Larson Robert E $119,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hart Barry $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold $952,449 +0.3% $312 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
11/03/2017 11/03/17 For Sale $950,000 -- $311 / Sq Ft
Source: MichRIC

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 $27,478 $619,100 $0 $0
2024 $26,725 $553,000 $0 $0
2023 $24,678 $585,000 $0 $0
2022 $29,868 $532,800 $0 $0
2021 $29,024 $507,500 $0 $0
2020 $28,210 $441,300 $0 $0
2019 $26,814 $421,600 $421,600 $0
2018 $9,283 $349,500 $0 $0
2017 $8,955 $332,500 $0 $0
2016 $8,726 $141,022 $0 $0
2015 $8,367 $140,601 $0 $0
2014 $8,367 $136,208 $0 $0
2013 -- $136,208 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 60975

MichRIC

APN: 09-29-436-016

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