NOT LISTED FOR SALE

515 N 5th Ave Unit 3 Ann Arbor, MI 48104

Kerrytown Neighborhood

Estimated Value: $525,603 - $581,000

2 Beds
2 Baths
903 Sq Ft
$265/mo HOA Fee

Last Sold September 01, 2022

Last sale price $460,000 $509 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,121/month

47 Days on Market

Highlights

  • Stainless Steel Appliances
  • Patio
  • Programmable Thermostat
  • Bach Elementary School Rated A
  • Lobby
  • 3-minute walk to Sculpture Plaza

About This Home

As of September 2022

BOUTIQUE LUXURY CONDO directly in the heart of Kerrytown, downtown Ann Arbor; steps from Zingerman’s and a block from Ann Arbor’s Farmers Market!! UNBELIEVABLE LOCATION, one of 4 units. The unit boasts two-bedroom en-suites and a clean open great room enveloped in windows and beaming with natural light! Gourmet white kitchen with granite surfaces, stainless steel appliances, engineered hardwood flooring and beautiful stone outdoor patio - perfect for entertaining (patio is located in the front on the right hand side of the property). This is a newer construction gem!!! BATVAI.

Last Agent to Sell the Property

James Danley

KW Domain License #6501368879 Listed on: 06/24/2022

KW Domain

Last Buyer's Agent

Emily Schoen

Keller Williams Ann Arbor License #6501413271

Keller Williams Ann Arbor

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 2014 | Remodeled in 2020

HOA Fees

  • $265 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 903 Sq Ft Home
  • 1-Story Property
  • Stacked Washer and Dryer

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • High Speed Internet

Additional Features

  • Patio
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 090929122022

Community Details

Overview

  • Caren: Cms8892@Gmail.Com Association
  • North Fith Avenue Condo Ann Arbor City Subdivision

Amenities

  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,721

Year Built

Built in 2014 | Remodeled in 2020

Lot Details

0 Sq Ft Lot

HOA Fees

$265 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Common Entry Building
  • Architecture Level: 1 Story Up
  • Year Built: 2014
  • State Equalized Value: 222900.0000
  • Year Renovated: 2020
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Interior Amenities: High Spd Internet Avail, Programmable Thermostat
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Kitchen Appliances: Vented Exhaust Fan, Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Washer/Dryer Stacked
  • Total Sq Ft: 903

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Foundation Materials: Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal, Insurance, Maintenance Grounds
  • Association Fee Frequency: Monthly
  • Phone: Quinta: qvreede@gmail.com
  • Association Fee: 265
  • Association Contact: Caren: cms8892@gmail.com
  • Association Fee: Yes

Lot Info

  • Homestead: Yes
  • Parcel Number: 090929122022

Tax Info

  • Tax Amount Summer: 9232.0000
  • Tax Amount Winter: 1489.0000
  • Total Tax: 10721.0000
  • Taxable Value: 208985.0000

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 30, 2022
Sold by
Kevin Papak
Bought by
Robert And Pamela Solomon Family Trust
Seller's Agent
James Danley
KW Domain
Buyer's Agent
Emily Schoen
Keller Williams Ann Arbor
List Price
$499,900
Sold Price
$460,000
Premium/Discount to List
-$39,900
-7.98%
Views
3
Current Estimated Value
$554,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,151
Avg. Annual Appreciation
5.50%

Purchase Details

Listed on
May 13, 2019
Closed on
Dec 26, 2019
Sold by
515 North Fifith Avenue Llc
Bought by
Papak Kevin
Seller's Agent
Lisa Stelter
The Charles Reinhart Company
Buyer's Agent
Lisa Stelter
The Charles Reinhart Company
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%
Original Mortgage
$300,000
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Robert And Pamela Solomon Family Trust $460,000 None Listed On Document
Papak Kevin $400,000 American Ttl Co Of Washtenaw
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Papak Kevin $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2022 09/01/22 Sold $460,000 -5.2% $509 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $485,000 -3.0% $537 / Sq Ft
07/27/2022 07/27/22 For Sale $499,900 0.0% $554 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/12/2022 07/12/22 Price Changed $499,900 -4.8% $554 / Sq Ft
06/24/2022 06/24/22 For Sale $524,900 +31.2% $581 / Sq Ft
12/26/2019 12/26/19 Sold $400,000 -11.1% $443 / Sq Ft View Prior Sale
12/16/2019 12/16/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $450,000 -- $498 / Sq Ft
Source: Realcomp

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 $12,011 $272,200 $0 $0
2024 $11,715 $259,900 $0 $0
2023 $10,802 $243,000 $0 $0
2022 $10,980 $229,900 $0 $0
2021 $10,721 $222,900 $0 $0
2020 $10,505 $206,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Danley

    Seller's Agent in 2022

    James Danley

    KW Domain

    (248) 671-3092

    1 in this area

    200 Total Sales

    James Danley
    Section Image

  • E

    Buyer's Agent in 2022

    Emily Schoen

    Keller Williams Ann Arbor

    (419) 699-0729

    1 in this area

    18 Total Sales

    Emily Schoen
    Section Image
  • Lisa Stelter

    Seller's Agent in 2019

    Lisa Stelter

    The Charles Reinhart Company

    (734) 645-7909

    10 in this area

    209 Total Sales

    Lisa Stelter
    Section Image
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Map

Source: Realcomp

MLS Number: 20221008428

Realcomp

APN: 09-29-122-022

Michigan Washtenaw County Ann Arbor 48104 Kerrytown

515 N 5th Ave Unit 3, Ann Arbor, MI

Not Listed for Sale

Condos

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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