NOT LISTED FOR SALE

547 Elizabeth St Ann Arbor, MI 48104

Old Fourth Ward Neighborhood

Estimated Value: $630,000 - $996,792

3 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold February 02, 2023

Last sale price $530,000

Est. 44% increase in value since last sale

Current estimated payment $5,103/month

37 Days on Market

Highlights

  • Laundry Facilities
  • Community Storage Space
  • 4-minute walk to Wheeler Park
  • Bach Elementary School Rated A

About This Home

As of February 2023

This home is located at 547 Elizabeth St, Ann Arbor, MI 48104 since 26 December 2022 and is currently estimated at $761,698. This property was built in 1901. 547 Elizabeth St is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson Middle School, and Skyline High School.

Last Agent to Sell the Property

Suzanne Arndt

Cornerstone Real Estate License #6501339902 Listed on: 12/26/2022

Co-Listed By

John Arndt

Cornerstone Real Estate License #6501309072

Last Buyer's Agent

David McNamara

Foxway Realty LLC License #6502364335

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,993

Year Built

  • Built in 1901

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 51 x 132

Parking

  • 3 Parking Spaces

Home Design

  • Slab Foundation

Basement

  • Partial Basement

Schools

  • Bach Elementary School
  • Forsythe Middle School
  • Pioneer High School

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 3 Units
  • Swathels Add Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Insurance Expense $3,500
  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,993

Year Built

Built in 1901

Lot Details

0

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: 51 x 132
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 11993.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 3
  • Substructure:Partial: Yes
  • Substructure:Slab: Yes
  • Location Property Info:Subdivision2: Swathels Add
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Forsythe Middle School
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Slab
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 540000.0

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Storage: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 51 x 132
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 43200.0
  • Insurance Expense: 3500.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 11993.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2022
Closed on
Feb 2, 2023
Sold by
Lacca Sheryle P
Bought by
Ramakrishnan Arvind and Ramakrishnan James Sunil
Seller's Agent
Suzanne Arndt
Cornerstone Real Estate
Buyer's Agent
David McNamara
Foxway Realty LLC
List Price
$540,000
Sold Price
$530,000
Premium/Discount to List
-$10,000
-1.85%
Current Estimated Value
$761,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,698
Avg. Annual Appreciation
14.55%
Original Mortgage
$397,500
Outstanding Balance
$386,464
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$375,234

Purchase Details

Listed on
Jul 25, 2013
Closed on
Sep 27, 2013
Sold by
Michigan Alumni Properties Llc
Bought by
Lacca Sheryly P
Seller's Agent
Rob Ewing
Real Estate One Inc
Buyer's Agent
John Arndt
Cornerstone Real Estate
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$206,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2010
Sold by
Johnson Joseph A and Johnson Jennifer A
Bought by
Michigan Alumni Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2010
Sold by
Conlin Janis E and Pollack Joseph
Bought by
Johnson Joseph A and Johnson Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.7%
Mortgage Type
New Conventional
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
Ramakrishnan Arvind $530,000 --
Lacca Sheryly P $275,000 American Title Company Of Wa
Michigan Alumni Properties Llc -- None Available
Johnson Joseph A $156,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramakrishnan Arvind $397,500
Previous Owner Lacca Sheryly P $206,250
Previous Owner Johnson Joseph A $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2023 02/02/23 Sold $530,000 -1.9% --
02/01/2023 02/01/23 Pending -- -- --
12/26/2022 12/26/22 For Sale $540,000 +96.4% --
10/01/2013 10/01/13 Sold $275,000 0.0% --
09/30/2013 09/30/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $275,000 -- --
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 $12,773 $285,500 $0 $0
2024 $14,092 $261,600 $0 $0
2023 $9,909 $241,100 $0 $0
2022 $11,993 $274,300 $0 $0
2021 $11,655 $274,700 $0 $0
2020 $11,288 $286,200 $0 $0
2019 $10,767 $286,400 $286,400 $0
2018 $10,564 $279,600 $0 $0
2017 $10,191 $231,700 $0 $0
2016 $9,930 $160,480 $0 $0
2015 $9,971 $167,538 $0 $0
2014 $9,971 $115,200 $0 $0
2013 -- $115,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Arndt

    Seller's Agent in 2023

    Suzanne Arndt

    Cornerstone Real Estate

    (734) 476-1309

    1 in this area

    49 Total Sales

    Suzanne Arndt
    Section Image
  • John Arndt

    Seller Co-Listing Agent in 2023

    John Arndt

    Cornerstone Real Estate

    (734) 476-1306

    1 in this area

    11 Total Sales

    John Arndt
    Section Image
  • David McNamara

    Buyer's Agent in 2023

    David McNamara

    Foxway Realty LLC

    (734) 476-9768

    2 in this area

    73 Total Sales

    David McNamara
    Section Image
  • Rob Ewing

    Seller's Agent in 2013

    Rob Ewing

    Real Estate One Inc

    (734) 216-5955

    370 Total Sales

    Rob Ewing
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20134

Southwestern Michigan Association of REALTORS®

APN: 09-29-101-013

Michigan Washtenaw County Ann Arbor 48104 Old Fourth Ward

547 Elizabeth St, Ann Arbor, MI

This home is located at 547 Elizabeth St, Ann Arbor, MI 48104 since 26 December 2022 and is currently estimated at $761,698. This property was built in 1901. 547 Elizabeth St is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson Middle School, and Skyline 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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