NOT LISTED FOR SALE

540 N State St Ann Arbor, MI 48104

Old Fourth Ward Neighborhood

Estimated Value: $601,000 - $763,949

3 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: April 15, 2024

Last sale price $591,500

Est. 17% increase in value since last sale

Current estimated payment $5,291 / mo

20 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Wood Siding
  • Bach Elementary School Rated A
  • High Speed Internet

About This Home

As of April 2024

Fantastic Old Fourth Ward/Kerrytown area duplex. For decades, the home has been used as an owner-occupied duplex, with rental income from the upstairs unit. City says the current zoning only allows for a duplex due to the non-conforming lot size, though the home is set up with 3 separate entrances, 3 full baths, and 3 bedrooms(one for each unit). Upstairs unit is currently rented below market value at $730/month, though the current tenant does not have a lease in place. Contemporary, 1980s addition offers a large, open concept kitchen & living area w/ bedroom, full bath, washer/dryer, and loft-space upstairs. This is connected to a one bedroom unit on the main floor that the current owner had been renting, living in, and using as a studio space.

Last Agent to Sell the Property

Brent Flewelling

The Charles Reinhart Company License #6506045328 Listed on: 03/08/2024

Last Buyer's Agent

Brent Flewelling

The Charles Reinhart Company License #6506045328 Listed on: 03/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,153

Year Built

  • Built in 1901

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 34 x 117

Home Design

  • Wood Siding

Laundry

  • Laundry in Hall

Basement

  • Michigan Basement
  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Schools

  • Bach Elementary School
  • Forsythe Middle School
  • Skyline High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,153

Year Built

Built in 1901

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1901
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 34 x 117
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Driveway:Gravel: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Substructure:Crawl Space: Yes
  • Laundry Features In Hall: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Skyline High School
  • General Property Info Middle School2: Forsythe Middle School
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 6152.91
  • Util Avail at Street:High Speed Internet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan Basement, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 575000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Gravel
  • 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 Hall
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer

Schools

  • Elementary School: Bach Elementary School
  • High School: Skyline High School
  • Middle/Junior School: Forsythe Middle School

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 34 x 117
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: R4C

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 6152.91
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2026
Sold by
Bought by
Current Estimated Value
$694,737

Purchase Details

Listed on
Mar 8, 2024
Closed on
Apr 11, 2024
Sold by
Bought by
Seller's Agent
Brent Flewelling
The Charles Reinhart Company
Buyer's Agent
Brent Flewelling
The Charles Reinhart Company
List Price
$575,000
Sold Price
$591,500
Premium/Discount to List
$16,500
2.87%
Views
162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$443,625
Interest Rate
6.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$591,500 American Title
$591,500 American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $443,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $591,500 +2.9% --
03/08/2024 03/08/24 For Sale $575,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,469 $343,800 $0 $0
2024 $5,413 $296,700 $0 $0
2023 $4,995 $242,600 $0 $0
2022 $5,769 $230,300 $0 $0
2021 $5,592 $247,700 $0 $0
2020 $5,443 $248,500 $0 $0
2019 $5,187 $251,600 $251,600 $0
2018 $5,100 $235,300 $0 $0
2017 $4,938 $193,300 $0 $0
2016 $4,791 $87,010 $0 $0
2015 $4,580 $86,750 $0 $0
2014 $4,580 $84,040 $0 $0
2013 -- $84,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Flewelling

    Seller's Agent in 2024

    Brent Flewelling

    The Charles Reinhart Company

    (734) 646-4263

    1 in this area

    456 Total Sales

    Brent Flewelling
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Map

Source: MichRIC

MLS Number: 24011242

MichRIC

APN: 09-28-200-055

Michigan Washtenaw County Ann Arbor 48104 Old Fourth Ward

540 N State St, Ann Arbor, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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