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Sold for $480,000
  • $480,000

    318 Gralake Ave, Ann Arbor, MI 48103

    4beds
    1,800sqft
    SingleFamily
    Built in 1955
    9,583 Square Feet Lot
    $478,800 Zestimate®
    $267/sqft
    $3,197 Estimated rent

    Home value

    $478,800

    Estimated sales range

    Not available

    $3,197/mo

    Zestimate® history
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    What's special

    Modern finishesLandscaped yardNewly finished lower levelRefinished hardwood floorsFreshly painted interiorsOversized deckRemodeled and expanded kitchen
    Coming soon! Open house/showings to start on 5/10. FSBO. Willing to work with buyer's agent. Beautifully Updated 4-Bedroom Home in Prime Ann Arbor Location – $475,000 Welcome to this beautifully updated 4-bedroom, 2-full bathroom ranch in one of Ann Arbor’s most desirable neighborhoods. Located less than 10 minutes from downtown and the University of Michigan Hospital, this move-in-ready gem blends thoughtful updates with a prime location near schools, parks, and nature preserves. Inside, enjoy approximately 1,800 square feet of finished living space. The completely remodeled and expanded kitchen features sleek cabinetry, modern finishes, and a gas range with hood vent—perfect for home chefs. The home boasts freshly painted interiors, refinished hardwood floors, updated lighting, and a newly finished lower level with an additional bedroom with egress window and a stunning full bathroom with custom tiled shower. Step outside to an oversized deck ideal for entertaining, a fully repainted two garage with ample storage space, and refreshed landscaping with a privacy fence and mature trees. The mechanicals are updated with a high efficiency new HVAC system (2025) and a hot water heater (2020), providing peace of mind for years to come. Nestled just one block from Lakewood Elementary and within a 5-minute walk of two neighborhood parks, this home is also within walking distance of Dolph Park, the scenic Sisters Lakes, and Saginaw Forest—offering a rare combination of urban convenience and natural beauty. Features: • 4 bedrooms, 2 full bathrooms • Expanded and Remodeled kitchen with gas range and hood vent • Finished basement with egress window, bedroom, and custom full bath • Oversized deck, freshly painted 2-car garage, landscaped yard • New HVAC (2025), hot water heater (2020), roof (2018), sewer lines (last 10 years) • Prime location near parks, top-rated schools, nature trails, and downtown Don’t miss the opportunity to own this turnkey home in one of Ann Arbor’s most charming, walkable neighborhoods. Home Energy Score of 6. Download report at stream.a2gov.org

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,800 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Metal
    Lot
    • Size: 9,583 Square Feet
    Details
    • Parcel number: 090825209004

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Tile
    Condition
    • Year built: 1955

    Community & HOA

    Location
    • Region: Ann Arbor

    Financial & listing details

    • Price per square foot: $267/sqft
    • Tax assessed value: $329,600
    • Annual tax amount: $8,244

    Price history

    DateEventPrice
    6/27/2025Sold$480,000+1.1%$267/sqft
    Source: Public Record Report a problem
    5/12/2025Pending sale$475,000$264/sqft
    Source: Owner Report a problem
    5/3/2025Listed for sale$475,000+66.7%$264/sqft
    Source: Owner Report a problem
    6/8/2020Sold$285,000-2.6%$158/sqft
    Source: MichRIC #51376 Report a problem
    5/11/2020Pending sale$292,500$163/sqft
    Source: Reinhart Realtors #3271935 Report a problem
    5/8/2020Listed for sale$292,500$163/sqft
    Source: Reinhart Realtors #3271935 Report a problem
    4/30/2020Pending sale$292,500$163/sqft
    Source: Reinhart Realtors #3271935 Report a problem
    3/17/2020Listed for sale$292,500+42.7%$163/sqft
    Source: Reinhart Realtors #3271935 Report a problem
    11/8/2010Sold$205,000-6.6%$114/sqft
    Source: Public Record Report a problem
    8/3/2010Listed for sale$219,500+0.5%$122/sqft
    Source: Reinhart Realtors #3007224 Report a problem
    7/23/2008Sold$218,500+1.2%$121/sqft
    Source: Public Record Report a problem
    4/29/2003Sold$216,000$120/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,244 $164,800 +1.2%
    2024-- $162,800 +7.1%
    2023-- $152,000 +8.9%
    2022-- $139,600 +2.7%
    2021-- $135,900 +3%
    2020$4,685 $132,000 +12.4%
    2019-- $117,400 +3.5%
    2018-- $113,400 +3.6%
    2017$4,126 $109,500 +28%
    2016$4,126 +5%$85,518 +0.3%
    2015$3,929 $85,263 +3.2%
    2014$3,929 $82,600
    2013$3,929 $82,600 -3.1%
    2012-- $85,200 -0.9%
    2011-- $86,000 +15.4%
    2010-- $74,500 -14.4%
    2009-- $87,000 -10%
    2008-- $96,654 +2.3%
    2007-- $94,481 -0.5%
    2005-- $95,000 +7.7%
    2004-- $88,200 +2.2%
    2003-- $86,300 +10.5%
    2002$2,927 +41.8%$78,100 +4.6%
    2001$2,065 +1%$74,700 +9.9%
    2000$2,043 $68,000 +15.6%
    1999-- $58,800
    Find assessor info on the county website

    Neighborhood: Lakewood

    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
    $478,800
    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
    $478,800