NOT LISTED FOR SALE

523 W Washington St Ann Arbor, MI 48103

Old West Side Neighborhood

Estimated Value: $668,959 - $709,000

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

Last Sold August 09, 2024

Last sale price $685,000

Est. 1% increase in value since last sale

Current estimated payment $4,839/month

13 Days on Market

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • Wood Siding
  • Bach Elementary School Rated A
  • Forced Air Heating System

About This Home

As of August 2024

If you have ever dreamed of owning investment property, this is the place! Solid rental history, market rates, terrific updates, fantastic location! This next to downtown location has everything you are looking for whether you are a first time income property owner or seasoned and looking to expand your portfolio. Short walk to Main St, beautifully landscaped lot with parking. Long term tenants add to this ''sure thing!''. Come see for yourself, but come soon - they will not last!

Last Agent to Sell the Property

Jeffrey Post

@properties Christie's Int'lAA License #6501358845 Listed on: 06/25/2024

@properties Christie's Int'lAA

Last Buyer's Agent

Jeffrey Post

@properties Christie's Int'lAA License #6501358845 Listed on: 06/25/2024

@properties Christie's Int'lAA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,643

Year Built

  • Built in 1912

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 25x130

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Community Details

  • 2 Units
  • Gross Income $56,100

Listing and Financial Details

  • Tenant pays for electric, water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,643

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1912
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 25x130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 12643.0
  • Tax Info:Zoning3: R2A
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Driveway:Shared Unpaved: Yes
  • Laundry Features In Basement: 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

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 699000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Schools

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 25x130
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Gas

Multi Family

  • Gross Income: 56100.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 12643.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Aug 6, 2024
Sold by
523 W Washington Llc
Bought by
Chase Patrick H and Chase Carolyn M
Seller's Agent
Jeffrey Post
@properties Christie's Int'lAA
Buyer's Agent
Jeffrey Post
@properties Christie's Int'lAA
List Price
$749,000
Sold Price
$685,000
Premium/Discount to List
-$64,000
-8.54%
Views
12
Current Estimated Value
$694,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,740
Avg. Annual Appreciation
1.35%
Original Mortgage
$548,000
Outstanding Balance
$544,496
Interest Rate
8.88%
Mortgage Type
New Conventional
Estimated Equity
$150,244

Purchase Details

Closed on
Nov 22, 2023
Sold by
Pantaleo Ryan
Bought by
523 W Washington Llc

Purchase Details

Listed on
Sep 24, 2021
Closed on
Sep 10, 2021
Sold by
Ankerson Megan
Bought by
Pantaleo Ryan
Seller's Agent
Marygrace Liparoto
RE/MAX Home Sale Services
Buyer's Agent
Jeffrey Post
BHHS Snyder & Company Realtors
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$341,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2017
Sold by
Selby Douglas and Loope Jennifer A
Bought by
Ankerson Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 1998
Sold by
Sojka Michael
Bought by
Selby Douglas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,850
Interest Rate
6.72%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Chase Patrick H $685,000 Liberty Title
523 W Washington Llc -- None Listed On Document
Pantaleo Ryan -- First American Title
Ankerson Megan $450,000 None Available
Selby Douglas J $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chase Patrick H $548,000
Previous Owner Pantale0 Ryan $49,900
Previous Owner Pantaleo Ryan $341,250
Previous Owner Pantaleo Ryan $341,600
Previous Owner Ankerson Megan $360,000
Previous Owner Selby Douglas J $251,625
Previous Owner Selby Douglas J $35,000
Previous Owner Selby Douglas J $280,000
Previous Owner Selby Douglas J $148,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $685,000 -2.0% --
07/03/2024 07/03/24 Price Changed $699,000 -6.7% --
06/25/2024 06/25/24 For Sale $749,000 +42.7% --
09/24/2021 09/24/21 For Sale $525,000 0.0% $333 / Sq Ft
09/17/2021 09/17/21 Sold $525,000 -- $333 / 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 $12,643 $224,900 $0 $0
2024 $10,622 $203,000 $0 $0
2023 $9,808 $187,800 $0 $0
2022 $12,199 $183,800 $0 $0
2021 $10,832 $179,600 $0 $0
2020 $10,986 $189,800 $0 $0
2019 $10,469 $188,800 $188,800 $0
2018 $10,293 $180,900 $0 $0
2017 $7,264 $162,900 $0 $0
2016 $5,652 $114,390 $0 $0
2015 $6,787 $114,048 $0 $0
2014 $6,787 $110,485 $0 $0
2013 -- $110,485 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Post

    Seller's Agent in 2024

    Jeffrey Post

    @properties Christie's Int'lAA

    (734) 476-8326

    8 in this area

    116 Total Sales

    Jeffrey Post
    Section Image
  • Marygrace Liparoto

    Seller's Agent in 2021

    Marygrace Liparoto

    RE/MAX of Southeast Michigan

    (734) 239-8680

    13 in this area

    252 Total Sales

    Marygrace Liparoto
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24032025

Southwestern Michigan Association of REALTORS®

APN: 09-29-210-006

Michigan Washtenaw County Ann Arbor 48103 Old West Side

523 W Washington St, Ann Arbor, MI

This home is located at 523 W Washington St, Ann Arbor, MI 48103 since 25 June 2024 and is currently estimated at $694,740. This property was built in 1912. 523 W Washington 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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