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Off market
  • $1,016,900

    1016 Michigan Ave, Ann Arbor, MI 48104

    --beds
    0baths
    1,991sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $1,016,900 Zestimate®
    $511/sqft
    $2,970 Estimated rent

    Home value

    $1,016,900

    $915,000 - $1.14M

    $2,970/mo

    Zestimate® history
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    $2,970/mo

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    $2,970/mo

    Rent Zestimate®

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    $6,675/mo

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    $6,675/mo

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    What's special

    Properties this well-located rarely reach market! University of Michigan Student Rental located approximately 3 blocks from Ross School of Business and Central Campus. Two blocks from Yost Ice Arena and the rapidly-growing University of Michigan Athletic Campus. Leased through 5/2018 at $5400/mo with tenants paying all utilities. Onsite parking for 6+ cars. Hardwood flooring throughout, with new Furnace and Central A/C installed in 2013. 2 Kitchens, 3 Full Bathrooms and Washer/Dryer. Always fully rented. Priced to sell at a 10.3x GRM. Works great as a Rental or to purchase for your University of Michigan Student.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
    • Laundry: Yes
    Features
    • Basement: Yes
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,991 sqft

    Property

    Lot
    • Size: 6,534 Square Feet
    Details
    • Parcel number: 090933233014

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1910

    Community & HOA

    Location
    • Region: Ann Arbor

    Financial & listing details

    • Price per square foot: $511/sqft
    • Tax assessed value: $779,600
    • Annual tax amount: $23,563
    • Tenant pays: Cable TV, Electricity, Water, Heat

    Price history

    DateEventPrice
    10/31/2017Sold$645,000-3.7%$324/sqft
    Source: MichRIC #23062893 Report a problem
    8/15/2017Listed for sale$670,000+6.8%$337/sqft
    Source: Metro Property Services #3251438 Report a problem
    10/5/2016Listing removed$5,400+50%$3/sqft
    Source: Michigan Rental Report a problem
    2/19/2016Listing removed$3,600$2/sqft
    Source: Michigan Rental Report a problem
    2/8/2016Price change$3,600-14.3%$2/sqft
    Source: Michigan Rental Report a problem
    1/22/2016Listed for rent$4,200-20%$2/sqft
    Source: Michigan Rental Report a problem
    9/22/2015Listing removed$5,250$3/sqft
    Source: Michigan Rental Report a problem
    9/10/2015Listed for rent$5,250+2.9%$3/sqft
    Source: Michigan Rental Report a problem
    8/13/2015Listing removed$627,300$315/sqft
    Source: Savarino Properties INC #3231180 Report a problem
    8/2/2015Pending sale$627,300$315/sqft
    Source: Savarino Properties INC #3231180 Report a problem
    5/15/2015Listed for sale$627,300+146%$315/sqft
    Source: Savarino Properties INC #3231180 Report a problem
    9/21/2014Listing removed$5,100$3/sqft
    Source: Michigan Rental Report a problem
    9/15/2014Listed for rent$5,100+6.3%$3/sqft
    Source: Michigan Rental Report a problem
    9/22/2012Listing removed$4,800$2/sqft
    Source: Michigan Rental Report a problem
    9/12/2012Listed for rent$4,800$2/sqft
    Source: Michigan Rental Report a problem
    2/17/1999Sold$255,000$128/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,563 $389,800 +10%
    2024-- $354,500 +9.8%
    2023-- $323,000 +1.3%
    2022-- $318,800 +5%
    2021-- $303,500 +1.6%
    2020$19,545 $298,700 +1.8%
    2019-- $293,400 +2.2%
    2018-- $287,000 +12.6%
    2017$10,824 $254,800 +45.7%
    2016$10,824 +4.3%$174,929 +0.3%
    2015$10,379 $174,406 +4.4%
    2014$10,379 $166,989
    2013$10,379 $166,989 +2.4%
    2012-- $163,076 +2.7%
    2011-- $158,789 +1.7%
    2010-- $156,135 -0.3%
    2009-- $156,605 +4.4%
    2008-- $150,005 +2.3%
    2007-- $146,633 -26.5%
    2005-- $199,400 +15.1%
    2004-- $173,200 +10.2%
    2003-- $157,100 +8.9%
    2002$7,212 +51.3%$144,200 +7.5%
    2001$4,766 +42%$134,100 +10.8%
    2000$3,355 $121,000 +23.2%
    1999-- $98,200
    Find assessor info on the county website

    Neighborhood: Burns Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Ann Arbor

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,016,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,016,900