406 S 7th St Ann Arbor, MI 48103
Old West Side Neighborhood
4
Beds
2
Baths
2,043
Sq Ft
8,538
Sq Ft Lot
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 2016Fully 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
Last Buyer's Agent
Max Cope
Keller Williams Ann Arbor Mrkt License #6501375790 Listed on: 01/14/2016
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,763
Avg. Annual Appreciation
8.48%
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Devon Title Agency | |
| Warranty Deed | $255,000 | American Title Comapny Of Wa | |
| Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $525,000 | New Conventional | |
| Closed | $312,400 | New Conventional | |
| Previous Owner | $191,250 | New Conventional | |
| Previous Owner | $40,150 | Unknown | |
| Previous Owner | $166,250 | New Conventional |
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
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
-
Seller's Agent in 2013
Nancy Bishop
The Charles Reinhart Company
(734) 646-1333
5 in this area
378 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23062520
APN: 09-29-309-052
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