NOT LISTED FOR SALE

512 Packard St Ann Arbor, MI 48104

Elbel Neighborhood

Estimated Value: $1,034,766

6 Beds
6 Baths
2,869 Sq Ft
$361/Sq Ft Est. Value

Last Sold July 28, 2014

Last sale price $550,000 $192 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $7,720/month

262 Days on Market

Highlights

  • Laundry Facilities
  • Bach Elementary School Rated A
  • 4-minute walk to Hanover Square Park

About This Home

As of July 2014

This home is located at 512 Packard St, Ann Arbor, MI 48104 since 02 October 2013 and is currently estimated at $1,034,766, approximately $360 per square foot. This property was built in 1901. 512 Packard 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

Marygrace Liparoto

RE/MAX Home Sale Services License #6506044642 Listed on: 10/02/2013

Last Buyer's Agent

Marygrace Liparoto

RE/MAX Home Sale Services License #6506044642 Listed on: 10/02/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,119

Year Built

  • Built in 1901

Lot Details

  • 6,098

Parking

  • 12 Parking Spaces

Schools

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 47x132

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,119

Year Built

Built in 1901

Lot Details

0

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:Lot Dimensions: 47x132
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 10119.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 6
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Bach
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Slauson
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • List Price: 599900.0

Garage/Parking

  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0

Schools

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

Lot Info

  • Lot Dimensions: 47x132
  • Zoning Description: R4C

Multi Family

  • Gross Income: 54000.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 10119.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2017
Sold by
Lin Mary and Lin Tong Ching
Bought by
Lin Tong Ching and Lin Yang Li Chun
Current Estimated Value
$1,034,766

Purchase Details

Listed on
Oct 2, 2013
Closed on
Jul 25, 2014
Sold by
Lin Yang and Lin Tong Ching
Bought by
Lin Mary and Lin Tong Ching
Seller's Agent
Marygrace Liparoto
RE/MAX Home Sale Services
Buyer's Agent
Marygrace Liparoto
RE/MAX Home Sale Services
List Price
$700,000
Sold Price
$550,000
Premium/Discount to List
-$150,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%

Purchase Details

Closed on
Jul 28, 2009
Sold by
Tedla Habtemariam and Heninburg Tedla Marian B
Bought by
Tedla Habtemariam and Heningburg Tedla Marian B

Purchase Details

Closed on
Apr 2, 2008
Sold by
Tedla Habtemariam and Heningburg Tedla Marian B
Bought by
Tedla Habtemariam and Heningburg Tedla Marian B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.09%
Mortgage Type
Commercial
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
Lin Tong Ching -- None Available
Lin Mary -- None Available
Lin Lang $550,000 Capital Title Ins Agency
Tedla Habtemariam -- None Available
Tedla Habtemariam -- Liberty Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tedla Habtemariam $126,000
Previous Owner Tedla Habtemariam $18,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2014 07/28/14 Sold $550,000 -21.4% $192 / Sq Ft
06/21/2014 06/21/14 Pending -- -- --
10/02/2013 10/02/13 For Sale $700,000 -- $244 / 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 $24,054 $602,800 $0 $0
2024 $20,209 $507,100 $0 $0
2023 $18,661 $578,500 $0 $0
2022 $22,585 $531,200 $0 $0
2021 $21,947 $508,200 $0 $0
2020 $21,257 $435,500 $0 $0
2019 $20,276 $417,600 $417,600 $0
2018 $19,893 $361,800 $0 $0
2017 $17,515 $345,700 $0 $0
2016 $13,629 $275,825 $0 $0
2015 $10,100 $330,400 $0 $0
2014 $10,100 $164,413 $0 $0
2013 -- $164,413 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Marygrace Liparoto

    RE/MAX Home Sale Services

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 60898

Southwestern Michigan Association of REALTORS®

APN: 09-29-420-025

Michigan Washtenaw County Ann Arbor 48104 Elbel

512 Packard St, Ann Arbor, MI

This home is located at 512 Packard St, Ann Arbor, MI 48104 since 02 October 2013 and is currently estimated at $1,034,766, approximately $360 per square foot. This property was built in 1901. 512 Packard 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.

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