NOT LISTED FOR SALE

722 Madison Place Unit 2 Ann Arbor, MI 48103

Eberwhite Neighborhood

Estimated Value: $495,000 - $607,000

4 Beds
1 Bath
-- Sq Ft
1962 Built

Last Sold August 07, 2013

Last sale price $215,000

Est. 157% increase in value since last sale

Current estimated payment $3,543/month

101 Days on Market

Highlights

  • Laundry Facilities
  • Eberwhite Elementary School Rated A
  • Community Storage Space

About This Home

As of August 2013

This home is located at 722 Madison Place Unit 2, Ann Arbor, MI 48103 since 19 April 2013 and is currently estimated at $552,116. This property was built in 1962. 722 Madison Place Unit 2 is a home located in Washtenaw County with nearby schools including Eberwhite Elementary School, Slauson Middle School, and Pioneer High School.

Last Agent to Sell the Property

Lucille Johnson Parsons

National Realty Centers License #6504169464 Listed on: 04/19/2013

National Realty Centers

Last Buyer's Agent

Linda Tenza

The Charles Reinhart Company License #6506044644

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,904

Year Built

  • Built in 1962

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Eberwhite Elementary School
  • Slauson Middle School
  • Pioneer High School

Additional Features

  • Lot Dimensions are 52x106
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,904

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1962
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 52x106
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4904.0
  • Tax Info:Zoning3: res
  • General Property Info:Total _pound_ Units: 2
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Eberwhite Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • Substructure Walk-Out Access2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Block
  • List Price: 215000.0

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

Lot Info

  • Lot Dimensions: 52x106
  • Zoning Description: res

Rental Info

  • Tenant Pays: Water

Multi Family

  • Gross Income: 23400.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4904.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2018
Sold by
Jaak Prooperties Llc
Bought by
Arozarena Joseph R
Current Estimated Value
$552,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Outstanding Balance
$118,823
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$433,293

Purchase Details

Closed on
Feb 28, 2018
Sold by
Klettner Amy Ann
Bought by
Arozarena Joseph Rene

Purchase Details

Listed on
Apr 19, 2013
Closed on
Aug 12, 2013
Sold by
Arozarena Joseph R and Klettner Amy
Bought by
Jaak Properties Llc
Seller's Agent
Lucille Johnson Parsons
National Realty Centers
Buyer's Agent
Linda Tenza
The Charles Reinhart Company
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$150,500
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2013
Closed on
Aug 7, 2013
Sold by
Disbrow Patricia and Collins David
Bought by
Arozarena Joseph R and Klettner Amy A
Seller's Agent
Lucille Johnson Parsons
National Realty Centers
Buyer's Agent
Linda Tenza
The Charles Reinhart Company
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2000
Sold by
Dever Dana A
Bought by
Dever Dana A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arozarena Joseph R -- None Available
Arozarena Joseph Rene -- None Available
Jaak Properties Llc -- None Available
Arozarena Joseph R $215,000 American Title Company Of Wa
Dever Dana A $190,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arozarena Joseph R $138,000
Previous Owner Arozarena Joseph R $150,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2013 08/07/13 Sold $215,000 -4.4% --
07/29/2013 07/29/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $225,000 -- --
Source: MichRIC

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 $7,669 $249,300 $0 $0
2024 $7,459 $225,200 $0 $0
2023 $6,758 $198,500 $0 $0
2022 $8,179 $197,600 $0 $0
2021 $7,948 $183,300 $0 $0
2020 $7,698 $181,100 $0 $0
2019 $7,343 $179,400 $179,400 $0
2018 $7,204 $163,700 $0 $0
2017 $6,950 $133,600 $0 $0
2016 $6,772 $109,445 $0 $0
2015 $6,494 $109,118 $0 $0
2014 $6,494 $105,779 $0 $0
2013 -- $105,779 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lucille Johnson Parsons

    National Realty Centers

    Section Image
  • Linda Tenza

    Buyer's Agent in 2013

    Linda Tenza

    The Charles Reinhart Company

    (734) 276-0200

    28 Total Sales

    Linda Tenza
    Section Image
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Map

Source: MichRIC

MLS Number: 23064153

MichRIC

APN: 09-29-324-048

Michigan Washtenaw County Ann Arbor 48103 Eberwhite

722 Madison Place Unit 2, Ann Arbor, MI

Not Listed for Sale

MultiFamily

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