NOT LISTED FOR SALE

507 S 5th Ave Ann Arbor, MI 48104

Germantown Neighborhood

Estimated Value: $729,000 - $1,112,000

3 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold December 21, 2017

Last sale price $481,000

Est. 94% increase in value since last sale

Current estimated payment $6,162/month

56 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 December 2017

This home is located at 507 S 5th Ave, Ann Arbor, MI 48104 since 26 October 2017 and is currently estimated at $932,432. This property was built in 1920. 507 S 5th Ave 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

Matt Dejanovich

Real Estate One Inc License #6501232962 Listed on: 10/26/2017

Real Estate One Inc

Last Buyer's Agent

Catherine Hahn

Coldwell Banker Professionals License #6501402510

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,345

Year Built

  • Built in 1920

Lot Details

  • 4,356

Parking

  • 4 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
  • 4,356 Sq Ft Lot
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $8,338
  • Gross Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,345

Year Built

Built in 1920

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 3
  • 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: 469900.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Condo/Co-op/Association

  • Association Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Cable TV: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: R4C

Multi Family

  • Gross Income: 35400.0
  • Insurance Expense: 8338.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 7345.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2017
Closed on
Dec 21, 2017
Sold by
Schnegelsberg Von C and Schnegelsberg Len C
Bought by
Meyers Bradley and Meyers Gina
Seller's Agent
Matt Dejanovich
Real Estate One Inc
Buyer's Agent
Catherine Hahn
Coldwell Banker Professionals
List Price
$469,900
Sold Price
$481,000
Premium/Discount to List
$11,100
2.36%
Current Estimated Value
$932,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,432
Avg. Annual Appreciation
8.35%
Original Mortgage
$360,750
Outstanding Balance
$303,798
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$628,634
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
Meyers Bradley $181,000 Freferred Title Agency Of An
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyers Bradley $360,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2017 12/21/17 Sold $481,000 +2.4% --
12/21/2017 12/21/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $469,900 -- --
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 $15,090 $318,200 $0 $0
2024 $12,509 $291,700 $0 $0
2023 $11,534 $262,900 $0 $0
2022 $12,569 $252,400 $0 $0
2021 $12,273 $240,200 $0 $0
2020 $12,025 $236,200 $0 $0
2019 $11,444 $233,000 $233,000 $0
2018 $11,283 $226,100 $0 $0
2017 $7,436 $206,000 $0 $0
2016 $7,246 $117,108 $0 $0
2015 $6,948 $116,758 $0 $0
2014 $6,948 $113,111 $0 $0
2013 -- $113,111 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Dejanovich

    Seller's Agent in 2017

    Matt Dejanovich

    Real Estate One Inc

    (734) 476-7100

    400 Total Sales

    Matt Dejanovich
    Section Image

  • C

    Buyer's Agent in 2017

    Catherine Hahn

    Coldwell Banker Professionals

    Section Image
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Map

Source: MichRIC

MLS Number: 23062897

MichRIC

APN: 09-29-436-019

Michigan Washtenaw County Ann Arbor 48104 Germantown

507 S 5th Ave, Ann Arbor, MI

Not Listed for Sale

MultiFamily

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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