NOT LISTED FOR SALE

518 W Hoover Ave Ann Arbor, MI 48103

Old West Side Neighborhood

Estimated Value: $529,766 - $652,000

3 Beds
1 Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 20, 2020

Last sale price $413,500

Est. 43% increase in value since last sale

Current estimated payment $4,317/month

176 Days on Market

About This Home

As of April 2020

This home is located at 518 W Hoover Ave, Ann Arbor, MI 48103 since 10 October 2019 and is currently estimated at $591,692. This property was built in 1955. 518 W Hoover 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

Nancy Bishop

The Charles Reinhart Company License #6506044662 Listed on: 10/10/2019

The Charles Reinhart Company

Last Buyer's Agent

Lisa Stelter

The Charles Reinhart Company License #6506044898

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,975

Year Built

  • Built in 1955

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 52 x 152

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation

Schools

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

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $800
  • Gross Income $35,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,975

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1955
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 52 x 152
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 6975.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 3
  • Substructure:Slab: Yes
  • General Property Info Elementary School2: Bach
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Slauson
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Other
  • List Price: 500000.0

Garage/Parking

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

Schools

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 52 x 152
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 35100.0
  • Insurance Expense: 800.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 6975.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Apr 20, 2020
Sold by
518 W Hoover Llc
Bought by
Urbanology Llc
Seller's Agent
Nancy Bishop
The Charles Reinhart Company
Buyer's Agent
Lisa Stelter
The Charles Reinhart Company
List Price
$500,000
Sold Price
$413,500
Premium/Discount to List
-$86,500
-17.3%
Current Estimated Value
$591,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,192
Avg. Annual Appreciation
6.93%
Original Mortgage
$100,900
Outstanding Balance
$89,607
Interest Rate
3.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$502,085

Purchase Details

Listed on
Oct 25, 2013
Closed on
Nov 5, 2013
Sold by
Trust Agreement Of Joan Doman
Bought by
518 W Hoover Llc
Seller's Agent
Patti Eddy
The Charles Reinhart Company
Buyer's Agent
No Member
Non Member Sales
List Price
$249,000
Sold Price
$242,500
Premium/Discount to List
-$6,500
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
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
Urbanology Llc $413,500 American Ttl Co Of Washtenaw
518 W Hoover Llc $242,500 American Title Company Of Wa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Urbanology Llc $100,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2020 04/20/20 Sold $413,500 -17.3% --
04/03/2020 04/03/20 Pending -- -- --
10/10/2019 10/10/19 For Sale $500,000 +106.2% --
11/05/2013 11/05/13 Sold $242,500 -2.6% --
11/04/2013 11/04/13 Pending -- -- --
10/25/2013 10/25/13 For Sale $249,000 -- --
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 $13,191 $213,200 $0 $0
2024 $10,364 $192,400 $0 $0
2023 $10,233 $202,800 $0 $0
2022 $12,385 $186,600 $0 $0
2021 $12,419 $186,400 $0 $0
2020 $7,347 $195,300 $0 $0
2019 $7,008 $164,800 $164,800 $0
2018 $6,876 $175,800 $0 $0
2017 $6,633 $135,300 $0 $0
2016 $5,161 $104,452 $0 $0
2015 $6,198 $104,140 $0 $0
2014 $6,198 $87,451 $0 $0
2013 -- $87,451 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nancy Bishop

    Seller's Agent in 2020

    Nancy Bishop

    The Charles Reinhart Company

    (734) 646-1333

    5 in this area

    369 Total Sales

    Nancy Bishop
    Section Image
  • Lisa Stelter

    Buyer's Agent in 2020

    Lisa Stelter

    The Charles Reinhart Company

    (734) 645-7909

    3 in this area

    230 Total Sales

    Lisa Stelter
    Section Image
  • Patti Eddy

    Seller's Agent in 2013

    Patti Eddy

    The Charles Reinhart Company

    (734) 646-2705

    89 Total Sales

    Patti Eddy
    Section Image

  • N

    Buyer's Agent in 2013

    No Member

    Non Member Sales

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19843

Southwestern Michigan Association of REALTORS®

APN: 09-32-206-012

Michigan Washtenaw County Ann Arbor 48103 Old West Side

518 W Hoover Ave, Ann Arbor, MI

This home is located at 518 W Hoover Ave, Ann Arbor, MI 48103 since 10 October 2019 and is currently estimated at $591,692. This property was built in 1955. 518 W Hoover Ave 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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