3076 Wolverine Dr · Ann Arbor, MI 48108

$164,900

3 bd · 1.0 ba · 1,155 sqft · Condo · 254 Days on market

Built 1964 $518/mo HOA · 22% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.6/30.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +6.5/10.0
• DSCR +6.2/10.0
• Livability +4.4/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

Key facts

• Exterior maintenance
• Rec room
• Nearby parks

Tags

• RECENT UPDATES TO KITCHEN
• REC ROOM
• ULTRA CONVENIENT LOCATION
• WALKING DISTANCE TO SCHOOLS
• NEARBY PARKS
• EXTERIOR MAINTENANCE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $191 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 2.4% in Ann Arbor — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 88/100 on livability (#10 in MI, #155 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: cost of living D.
• Ann Arbor Public Schools (urban): math 71% / reading 81% proficiency, ranked #6 of 540 in MI (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Ann Arbor Open At Mack School (math 74% / reading 84%, grade A, #21 of 1,397 statewide, top 2%, 517 students, 11% FRL); Scarlett Middle School (math 37% / reading 57%, grade D+, #143 of 493 statewide, top 30%, 615 students, 53% FRL); Huron High School (math 66% / reading 79%, grade B+, #25 of 713 statewide, top 4%, 1,635 students, 31% FRL).
• Market conditions: Rents rising fast (+5.7%/yr); 148 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 996 units permitted in Washtenaw County in 2024 (492 in 5+ unit buildings).
• This rent runs 31% of the median local income ($89k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Washtenaw County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.7% rent growth), your $46k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 254 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 7y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $145,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 254 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.42% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.96%
• DSCR: 1.22
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.72% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.83×
• Total profit: $-7,642
• Equity at exit: $24,587

10-year hold

• IRR: 9.4%
• Equity multiple: 1.84×
• Total profit: $38,964
• Equity at exit: $14,258

Cash invested: $46,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48108

• Rents YoY: 5.7%
• Active inventory: 148
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,340 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,474/yr
• Insurance: −$69
• HOA: −$518
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $191

Break-even live

Break-even rent $2,098

Max offer price $164,900

Occupancy floor 87%

Sensitivity live

Price	-10% $305	-5% $248	+0% $191	+5% $134	+10% $77
Rent	-10% $6	-5% $98	+0% $191	+5% $283	+10% $376
Rate	-1.0pp $274	-0.5pp $233	base $191	+0.5pp $148	+1.0pp $105

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3238 Platt Rd Ann Arbor, MI	3.0	1.5	1488	$2,500	$1.68	46d	1	0.34mi
3029 Charing Cross Rd Unit 3029 Ann Arbor, MI	3.0	2.5	1400	$2,400	$1.71	46d	1	0.71mi
2716 Packard St Ann Arbor, MI	1.0–2.0	1.0	862	$1,350	$1.57	46d	1	0.90mi
3423 Carpenter Rd Ypsilanti, MI	2.0	1.0–2.0	840	$1,464	$1.74	15d	1	0.96mi
2645 Burton Rd Unit Bld 4 Ann Arbor, MI	3.0	3.0	1480	$3,347	$2.26	46d	1	1.01mi
2805 Burton Rd Unit 309 Ann Arbor, MI	3.0	3.0	1480	$3,347	$2.26	46d	1	1.05mi
2805 Burton Rd Unit 104 Ann Arbor, MI	2.0	2.0	1228	$2,797	$2.28	46d	1	1.05mi
2805 Burton Rd Unit 306 Ann Arbor, MI	3.0	2.0	1323	$3,197	$2.42	46d	1	1.05mi
3032 Forest Creek Ct Ann Arbor, MI	2.0	2.0	966	$1,750	$1.81	46d	1	1.08mi
2040 Cloverly Ln Ann Arbor, MI	2.0	2.5	1555	$2,292	$1.47	15d	2	1.14mi
3510 Pheasant Run Cir Ann Arbor, MI	1.0–2.0	1.0	825	$1,445	$1.75	46d	13	1.19mi
3510 Pheasant Run Cir Ann Arbor, MI	1.0–2.0	1.0	825	$1,405	$1.70	15d	10	1.19mi
2225 S Huron Pkwy #2 Ann Arbor, MI	2.0	2.0	1053	$2,100	$1.99	46d	1	1.19mi
2221 S Huron Pkwy #4 Ann Arbor, MI	2.0	2.0	1053	$2,000	$1.90	15d	1	1.21mi
2572 Carpenter Rd Ann Arbor, MI	1.0–2.0	1.0	786	$1,799	$2.29	23d	9	1.21mi
2960 Birch Hollow Dr Ann Arbor, MI	1.0–2.0	1.0	718	$1,299	$1.81	15d	3	1.24mi
2001 Huron Pkwy Ann Arbor, MI	1.0–2.0	1.0	688	$1,700	$2.47	23d	24	1.47mi
2511 Packard St Ann Arbor, MI	2.0–3.0	2.0	1200	$2,539	$2.12	15d	7	1.48mi

HOA detail condo

• Monthly dues: $518 · $6,216/yr
• Likely covers: watersewerexterior maint.
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 37 events

1. 2026-04-24
   status Pending

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

2. 2026-04-24
   status Pending 787-char remark

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

3. 2026-01-31
   price $164,900 787-char remark

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

4. 2026-01-30
   price $164,900
5. 2025-10-17
   price $174,900 787-char remark

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

6. 2025-10-17
   price $174,900

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

7. 2025-08-12
   listed $184,900 Active

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

8. 2025-08-12
   listed $184,900 Active 787-char remark

   Show marketing remark (787 chars)

   Freshly painted, immaculate 3 bedroom, 1 bath in Colonial Square Cooperative is ready for move-in, with recent updates to kitchen, bathroom and flooring. Kitchen appliances plus washer/dryer included. Full basement includes a rec room plus additional space for finishing or storage. Ultra convenient location, AATA bus line, walking distance to Mitchell & Scarlett schools & nearby parks. Carefree home ownership with co-op dues covering property taxes, water/sewer, exterior maintenance, plus some interior maintenance including furnace/water heater, and more. Must be owner occupied. Prospective buyers need to complete an application w/ $30 fee. Approved Lenders are SMFCU (952-445-0888) or NCB (937-393-7904). Home Energy Score of 6. Download report at stream. a2gov.org.

9. 2019-09-19
   soldstatus $115,000 Closed 624-char remark

   Show marketing remark (624 chars)

   Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

10. 2019-09-19
    soldstatus $115,000 Sold

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

11. 2019-09-19
    soldstatus $115,000

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

12. 2019-09-19
    soldstatus $115,000

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

13. 2019-09-19
    soldstatus $115,000

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

14. 2019-09-11
    status Pending 624-char remark

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

15. 2019-09-11
    status Pending

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

16. 2019-08-14
    historical Active - LTC
17. 2019-07-07
    status Active 624-char remark

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

18. 2019-07-06
    status Active
19. 2019-06-29
    historical Keep Showing-Contgcy Appl 624-char remark

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

20. 2019-06-29
    historical Active - Contingent

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

21. 2019-06-15
    price $119,800 624-char remark

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

22. 2019-06-14
    price $119,800
23. 2019-06-01
    listed $124,800 Active 624-char remark

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

24. 2019-06-01
    listed $124,800 Active

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

25. 2019-06-01
    listed $119,800

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

26. 2019-06-01
    listed $119,800

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

27. 2019-06-01
    listed $119,800

    Show marketing remark (624 chars)

    Rare Opportunity to Own a Three Bedroom Townhome at an Affordable Price in Ann Arbor!! Features include Open and Light Filled Living Room with Hardwood Floor and Picture Window, Three Spacious Bedrooms with Hardwood Floors, Partially Finished Basement for Additional Living Space with Glass Block Windows, Newer 90%+ Furnace, Central Air, Back Porch overlooking Private Courtyard Area. Co-op maintains Furnace, Hot Water Heater, Exterior, Windows and Roof. Seller Offering America's Preferred Home Warranty to Buyer at Closing if Accepted at Time of Sales Contract. Call Listing Agent or Coop Office for Share Loan Contacts.

28. 2019-04-25
    historical
29. 2019-04-25
    historical
30. 2019-04-25
    historical Withdrawn
31. 2019-04-25
    historical
32. 2019-04-18
    price $125,000
33. 2019-04-18
    price
34. 2019-04-15
    listed $125,000
35. 2019-04-15
    listed $115,000 Active
36. 2019-04-15
    listed Active
37. 2019-04-15
    listed $125,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,076
• − Mortgage interest: −$9,237
• − Property taxes: −$2,474
• − Insurance: −$824
• − Repairs & maintenance: −$2,246
• − Management: −$2,246
• − HOA: −$6,216
• − Depreciation: −$4,797
• Taxable income: $36
• Est. tax owed @ 24.0%: −$9
• After-tax cash flow: $2,280/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ann Arbor Public Schools
• NCES district ID: 2602820
• Math proficiency: 71% ▲ 5.00%
• Reading proficiency: 81% ▲ 11.00%
• Median HH income: $60,768
• Composite: 65.34/100
• National rank: #487
• State rank: #6 of 540 in MI

Livability — Ann Arbor

• Score: 88/100
• State rank: #10
• US rank: #155

Category grades

Amenities A+ Commute A+ Cost of living D Crime C Employment A+ Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ann Arbor, MI
• County: Washtenaw County · 306,860 people
• City population: 163,747
• Metro: Ann Arbor, MI
• Population (ZIP): 27,666
• Household income: $89,355
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 1390.0

Population outlook (Washtenaw County) Hauer SSP2

• Today (2025): 402,878 people
• By 2030: 424,104 · +5.3%
• By 2040: 464,633 · +15.3%
• By 2050: 504,728 · +25.3%
• By 2075: 614,463 · +52.5%
• By 2100: 676,181 · +67.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 58% Black 16% Asian 14% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 23% · China, Canada, South Korea
• Languages at home: 72% English-only · Arabic 5% Other Indo-European 5% Chinese 5%

Political lean MEDSL · Washtenaw

• 2024 margin: Solid D (+44.4) · D 71.0% · R 26.6% · Other 2.4%
• 2008→2024 swing: +3.5pp toward D · 2008: 41.0pp · 2024: 44.4pp
• All cycles: 2024: D+44.4 2020: D+46.6 2016: D+41.5 2012: D+36.0 2008: D+41.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -221.96%
• Current HPI: 216.8067
• Rent YoY: ▲ 5.72%
• Metro: Ann Arbor, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+31.9% since first listed

37 events — show timeline

• 2026-04-24 Pending — REALCOMP
• 2026-04-24 Pending — MiRealSource-MiMLS
• 2026-01-31 Price Changed $164,900 MiRealSource-MiMLS
• 2026-01-30 Price Changed $164,900 REALCOMP
• 2025-10-17 Price Changed $174,900 MiRealSource-MiMLS
• 2025-10-17 Price Changed $174,900 REALCOMP
• 2025-08-12 Listed $184,900 MiRealSource-MiMLS
• 2025-08-12 Listed $184,900 REALCOMP
• 2019-09-19 Sold (MLS) $115,000 REALCOMP
• 2019-09-19 Sold (MLS) $115,000 MiRealSource-MiMLS
• 2019-09-19 Sold (MLS) $115,000 SW Michigan MLS
• 2019-09-19 Sold (MLS) $115,000 AAMLS
• 2019-09-19 Sold (MLS) $115,000 MiRealSource-MiMLS
• 2019-09-11 Pending — MiRealSource-MiMLS
• 2019-09-11 Pending — AAMLS
• 2019-08-14 Contingent — AAMLS
• 2019-07-07 Relisted — MiRealSource-MiMLS
• 2019-07-06 Relisted — AAMLS
• 2019-06-29 Contingent — MiRealSource-MiMLS
• 2019-06-29 Contingent — AAMLS
• 2019-06-15 Price Changed $119,800 MiRealSource-MiMLS
• 2019-06-14 Price Changed $119,800 AAMLS
• 2019-06-01 Listed $119,800 REALCOMP
• 2019-06-01 Listed $119,800 MiRealSource-MiMLS
• 2019-06-01 Listed $119,800 SW Michigan MLS
• 2019-06-01 Listed $124,800 AAMLS
• 2019-06-01 Listed $124,800 MiRealSource-MiMLS
• 2019-04-25 Listing Removed — MiRealSource-MiMLS
• 2019-04-25 Delisted — AAMLS
• 2019-04-25 Listing Removed — MiRealSource-MiMLS
• 2019-04-25 Listing Removed — REALCOMP
• 2019-04-18 Price Changed $125,000 MiRealSource-MiMLS
• 2019-04-18 Price Changed — AAMLS
• 2019-04-15 Listed $125,000 MiRealSource-MiMLS
• 2019-04-15 Listed — AAMLS
• 2019-04-15 Listed $115,000 MiRealSource-MiMLS
• 2019-04-15 Listed $125,000 REALCOMP