NOT LISTED FOR SALE

406 S 7th St Ann Arbor, MI 48103

Old West Side Neighborhood

Estimated Value: $704,000 - $1,097,936

4 Beds
2 Baths
2,043 Sq Ft
$429/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $390,500 $191 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $6,211/month

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wood Siding
  • Eberwhite Elementary School Rated A
  • Eat-In Kitchen
  • 3-minute walk to Waterworks Park

About This Home

As of March 2016

Fully occupied duplex for sale. This home features plenty of parking leases expiring this summer. Both tenants shown interest in renewal. Updates include new dishwashers and stoves in both units. 408 7th is a 3 bedroom 1 bath and 406 is a 1 bedroom. Both units have laundry in unit. This home is a stand out on 7th St. Great visibility, rental records and could be an amazing single family residence if it were converted. Floorplans can be accessed here http://www.smartfloorplan.com/mi/v360090/pdf/brochure1.pdf

Last Agent to Sell the Property

Max Cope

Keller Williams Ann Arbor Mrkt License #6501375790 Listed on: 01/14/2016

Keller Williams Ann Arbor Mrkt

Last Buyer's Agent

Max Cope

Keller Williams Ann Arbor Mrkt License #6501375790 Listed on: 01/14/2016

Keller Williams Ann Arbor Mrkt

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,467

Year Built

  • Built in 1920

Lot Details

  • 8,538 Sq Ft Lot
  • Property is zoned R2A, R2A

Parking

  • Carport

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Eberwhite Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,467

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2043.0
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 9467.24
  • Tax Info:Zoning3: R2A
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Window Treatments: Yes
  • Additional Items:Wood Floor: Yes
  • General Property Info:SqFt Above Grade: 1643.0
  • Additional Items:Carpet Floor: Yes
  • Additional Items:Vinyl Floor: Yes
  • Laundry Features Main Level: Yes
  • General Property Info Elementary School2: Eberwhite
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Slauson
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Disposal, Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Wood Floor, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 2043.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Finished SQFT: 400.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Below Grade Sq Ft: 400.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 365000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Carport: Yes
  • Garage: No
  • Garage:Garage2: No
  • Garage Type:Carport: Yes

Utilities

  • Heating: Natural Gas
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8538.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9467.24
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2016
Closed on
Mar 9, 2016
Sold by
Mead Paul E and Dean Laurie E
Bought by
Cissell Jane and Cissell Sarah
Seller's Agent
Max Cope
Keller Williams Ann Arbor Mrkt
Buyer's Agent
Max Cope
Keller Williams Ann Arbor Mrkt
List Price
$365,000
Sold Price
$390,500
Premium/Discount to List
$25,500
6.99%
Current Estimated Value
$876,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,234
Avg. Annual Appreciation
8.33%
Original Mortgage
$312,400
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 13, 2013
Closed on
Jul 17, 2013
Sold by
Roberts Donald A and Busui Rodica
Bought by
Mead Paul E and Dean Laurie E
Seller's Agent
Nancy Bishop
The Charles Reinhart Company
Buyer's Agent
Max Cope
Keller Williams Ann Arbor Mrkt
List Price
$239,000
Sold Price
$255,000
Premium/Discount to List
$16,000
6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.66%
Original Mortgage
$191,250
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 1997
Sold by
Grabowski Joseph A
Bought by
Roberts Donald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
8.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Cissell Jane -- Devon Title Agency
Mead Paul E $255,000 American Title Comapny Of Wa
Roberts Donald A $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mead Paul E $191,250
Previous Owner Roberts Donald A $166,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2016 03/15/16 Sold $390,500 +7.0% $191 / Sq Ft
01/21/2016 01/21/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $365,000 +43.1% $179 / Sq Ft
08/01/2013 08/01/13 Sold $255,000 +6.7% $155 / Sq Ft
07/29/2013 07/29/13 Pending -- -- --
06/13/2013 06/13/13 For Sale $239,000 -- $145 / Sq Ft
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
2025 $18,758 $478,500 $0 $0
2024 $16,951 $432,300 $0 $0
2023 $15,636 $346,200 $0 $0
2022 $17,570 $326,000 $0 $0
2021 $13,154 $246,500 $0 $0
2020 $11,782 $230,500 $0 $0
2019 $11,220 $218,000 $218,000 $0
2018 $11,046 $214,600 $0 $0
2017 $10,719 $202,600 $0 $0
2016 $6,948 $156,831 $0 $0
2015 $9,305 $156,362 $0 $0
2014 $9,305 $113,299 $0 $0
2013 -- $113,299 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Max Cope

    Keller Williams Ann Arbor Mrkt

    Section Image
  • Nancy Bishop

    Seller's Agent in 2013

    Nancy Bishop

    The Charles Reinhart Company

    (734) 646-1333

    5 in this area

    361 Total Sales

    Nancy Bishop
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23062520

Southwestern Michigan Association of REALTORS®

APN: 09-29-309-052

Michigan Washtenaw County Ann Arbor 48103 Old West Side

406 S 7th St, Ann Arbor, MI

This home is located at 406 S 7th St, Ann Arbor, MI 48103 since 14 January 2016 and is currently estimated at $876,734, approximately $429 per square foot. This property was built in 1920. 406 S 7th St is a home located in Washtenaw County with nearby schools including Eberwhite 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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