NOT LISTED FOR SALE

Estimated Value: $2,241,310

Studio
-- Bath
3,690 Sq Ft
$607/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2020

Last sale price $1,520,000 $412 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $15,981 / mo

36 Days on Market

Highlights

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

About This Home

As of June 2020

This home is located at 607 Hill St, Ann Arbor, MI 48104 since 19 May 2020 and is currently estimated at $2,241,310, approximately $607 per square foot. This property was built in 1966. 607 Hill St 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

Jen Langenburg

Savarino Properties Inc License #6506048133 Listed on: 05/19/2020

Last Buyer's Agent

Chris Vessels

Metro Property Services License #6501392137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,299

Year Built

  • Built in 1966

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 54 x 123

Parking

  • 8 Parking Spaces

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Schools

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

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Insurance Expense $1
  • Gross Income $130,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,299

Year Built

Built in 1966

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • Year Built: 1966
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Lot Dimensions: 54 x 123
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 7
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Substructure:Daylight: Yes
  • 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: Slauson Middle School
  • Tax Info:Seller_squote_s Annual Property Tax2: 27299.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Block, Other
  • List Price: 1545000.0

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association Amenities: Cable TV, Storage
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Cable TV: Yes
  • Assoc Amenities:Storage: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 54 x 123
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: R4C

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 130860.0
  • Insurance Expense: 1.0
  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 27299.0
  • Tax Year: 2019

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

Listed on
May 19, 2020
Closed on
Jun 19, 2020
Sold by
Bought by
Seller's Agent
Jen Langenburg
Savarino Properties Inc
Buyer's Agent
Chris Vessels
Metro Property Services
List Price
$1,545,000
Sold Price
$1,520,000
Premium/Discount to List
-$25,000
-1.62%
Current Estimated Value
$2,241,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,310
Avg. Annual Appreciation
6.60%
Original Mortgage
$2,264,000
Interest Rate
0.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 2005
Sold by
Bought by
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
-- Devon Title Agency
-- None Available
-- --
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 $2,264,000
Previous Owner $4,180,000
Previous Owner $1,118,000
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
06/25/2020 06/25/20 Sold $1,520,000 -1.6% $412 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $1,545,000 -- $419 / Sq Ft
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
2026 $45,228 $818,600 $0 $0
2025 $35,054 $661,200 $0 $0
2024 $34,093 $632,900 $0 $0
2023 $33,571 $678,500 $0 $0
2022 $40,631 $619,200 $0 $0
2021 $39,484 $592,600 $0 $0
2020 $28,621 $512,400 $0 $0
2019 $27,300 $492,300 $492,300 $0
2018 $26,784 $461,800 $0 $0
2017 $25,839 $436,400 $0 $0
2016 $20,105 $406,900 $0 $0
2015 $10,156 $170,653 $0 $0
2014 $10,156 $165,321 $0 $0
2013 -- $165,321 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 18144

MichRIC

APN: 09-29-421-009

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