NOT LISTED FOR SALE

521 S 4th Ave Ann Arbor, MI 48104

Germantown Neighborhood

Estimated Value: $1,541,336 - $2,523,000

14 Beds
5 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $1,400,000

Est. 35% increase in value since last sale

Current estimated payment $13,335/month

119 Days on Market

Highlights

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

About This Home

As of July 2020

This home is located at 521 S 4th Ave, Ann Arbor, MI 48104 since 20 February 2020 and is currently estimated at $1,885,334. This property was built in 1915. 521 S 4th 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

Jean Wedemeyer

The Charles Reinhart Company License #6501357880 Listed on: 02/20/2020

The Charles Reinhart Company

Co-Listed By

Jim Wedemeyer

The Charles Reinhart Company License #6501371916

Last Buyer's Agent

No Member

Non Member Sales

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,747

Year Built

  • Built in 1915

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66 x 132

Parking

  • 6 Parking Spaces

Schools

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Central Air

Listing and Financial Details

  • Tenant pays for electric, water

Community Details

Building Details

  • Insurance Expense $18,713
  • Gross Income $112,987

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,747

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 132
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 20747.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 3
  • Air Conditioning:Central Air: Yes
  • 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

  • Construction Materials: Other
  • List Price: 1575000.0

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66 x 132
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric, Water

Multi Family

  • Gross Income: 112987.0
  • Insurance Expense: 18713.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 20747.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2020
Closed on
Jul 1, 2020
Sold by
Bank Of Ann Arbor
Bought by
Everest Property Group Llc
Seller's Agent
Jean Wedemeyer
The Charles Reinhart Company
Buyer's Agent
No Member
Non Member Sales
List Price
$1,575,000
Sold Price
$1,400,000
Premium/Discount to List
-$175,000
-11.11%
Current Estimated Value
$1,885,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,334
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
Jun 6, 2014
Sold by
Miles Graham P and Miles Bonnie F
Bought by
Miles Graham P and Graham P Miles Revocable Trust

Purchase Details

Closed on
Jul 1, 2009
Sold by
Miles Bonnie F
Bought by
Miles Bonnie F and Bonnie F Miles Revocable Trust

Purchase Details

Closed on
Jun 25, 2009
Sold by
Miles Graham P and Miles Bonnie F
Bought by
Miles Bonnie F and Bonnie F Miles Revocable Trust

Purchase Details

Closed on
Jun 25, 2002
Sold by
Teg Investments L L C
Bought by
Miles Graham P

Purchase Details

Closed on
Jan 2, 2001
Sold by
Gwi
Bought by
Teg Investments L L C
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
Everest Property Group Llc $1,400,000 Preferred Title & Escrow Ins
Miles Graham P -- None Available
Miles Graham P -- None Available
Miles Bonnie F -- None Available
Miles Bonnie F -- None Available
Miles Graham P -- None Available
Miles Graham P -- None Available
Miles Graham P $680,000 --
Teg Investments L L C -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $1,400,000 -11.1% --
06/18/2020 06/18/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $1,575,000 -- --
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 $35,058 $720,500 $0 $0
2024 $35,058 $659,500 $0 $0
2023 $27,198 $583,800 $0 $0
2022 $32,918 $555,800 $0 $0
2021 $31,988 $480,100 $0 $0
2020 $21,751 $470,300 $0 $0
2019 $20,747 $469,400 $469,400 $0
2018 $20,355 $454,400 $0 $0
2017 $19,637 $450,500 $0 $0
2016 $19,134 $309,234 $0 $0
2015 $18,348 $308,310 $0 $0
2014 $18,348 $298,677 $0 $0
2013 -- $298,677 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jean Wedemeyer

    Seller's Agent in 2020

    Jean Wedemeyer

    The Charles Reinhart Company

    (734) 604-2523

    356 Total Sales

    Jean Wedemeyer
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jim Wedemeyer

    The Charles Reinhart Company

    (734) 996-4086

    19 Total Sales

    Jim Wedemeyer
    Section Image

  • N

    Buyer's Agent in 2020

    No Member

    Non Member Sales

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19864

Southwestern Michigan Association of REALTORS®

APN: 09-29-438-018

Michigan Washtenaw County Ann Arbor 48104 Germantown

521 S 4th Ave, Ann Arbor, MI

This home is located at 521 S 4th Ave, Ann Arbor, MI 48104 since 20 February 2020 and is currently estimated at $1,885,334. This property was built in 1915. 521 S 4th 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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