Under Contract
1245 Island Drive 202, Ann Arbor, MI 48105
$289,000
MLS # 26009848 (Michigan Regional Information Center (MichRIC))
2 beds1 bath868 sqftBuilt 19640.03 acres
1 / 27
Listing Description
*Seller willing to credit for installation of in-unit washer & dryer. Ask LA for details.* Move-in ready River House condo with great walkability. This second story light-filled 2 bed/1 bath unit has been well cared for and is ready for its next owner. Warm hardwood flooring throughout the living, dining, and bedrooms. A newer doorwall leads to a private balcony that overlooks Cedar Bend Nature Area. Beautiful tile work and a spacious double vanity in the full bathroom. Both bedrooms feature updated windows and double closets. Steps away from UofM Medical center, Island Park, and the Huron River. Enjoy the community pool in the Summer months as well. This primely located unit is sure to offer a comfortable living space and updates you've been looking for! Occupancy at closing.
Source: SparkMLS
About this home
2-bedroom, 1-bath, 868 sq ft home in River House Condos in Ann Arbor built in 1964.
Listed at $289,000 (about $333/sq ft).
Estimated annual property tax: $6,390, or about $533 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms1
Living Area868 sqft
Lot Size0.03 acres
Year Built1964
Stories1
Location
CityAnn Arbor
MunicipalityAnn Arbor
Zip Code48105
CountyWashtenaw
School DistrictAnn Arbor
Construction & Systems
StyleOther
ConstructionBrick
BasementSlab
HeatingBaseboard
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected, High-Speed Internet
Sale & Financing
Listed3/20/2026
Original Price$299,000
Terms AcceptedCash, Conventional
HOA
HOA Fee$328 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat
Source: SparkMLS
Tax Information
Annual Tax$6,390
Tax Year2025
Assessed Value$121,100
Parcel #09-09-21-401-092
Source: SparkMLS
Legal Description
UNIT 86, BLDG 7 RIVER HOUSE CONDOMINIUM
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Spencer Walz
Walz Realty, LLC
Frequently Asked Questions about 1245 Island Drive 202, Ann Arbor, MI 48105
Which school district serves 1245 Island Drive 202, Ann Arbor, MI 48105?
Per MLS# 26009848, 1245 Island Drive 202, Ann Arbor, MI 48105 is in the Ann Arbor boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ann Arbor directly to confirm enrollment eligibility.
What financing options are available for 1245 Island Drive 202, Ann Arbor, MI 48105?
Per MLS# 26009848, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1245 Island Drive 202, Ann Arbor, MI 48105?
Per public tax records, annual property taxes for this property are $6,390 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 1245 Island Drive 202, Ann Arbor, MI 48105 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 1245 Island Drive 202, Ann Arbor, MI 48105 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 1245 Island Drive 202, Ann Arbor, MI 48105?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,202
Principal & interest$1,874
HOA$328
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1245 Island Drive 202, Ann Arbor, MI 48105
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Neighborhood
River House Condos
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Community
Ann Arbor
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County
Washtenaw County
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