For Sale
1261 Island Drive 201, Ann Arbor, MI 48105
$299,000
MLS # 26023984 (Michigan Regional Information Center (MichRIC))
2 beds1 bath868 sqftBuilt 19640.03 acres
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Listing Description
Walk to UofM Hospital -- Fully Renovated 2-Bed at River House. Just a short walk to the UofM Hospital and Medical Campus, this turnkey second-floor condo is ideal for med students, residents, or anyone seeking low-maintenance living in an unbeatable location. The bright open-concept living and dining area features premium Pergo TimberCraft waterproof flooring, fresh paint, updated lighting, and new sliding doors. The modern kitchen includes white shaker cabinetry, stainless steel appliances, under-cabinet lighting, and a brand-new dishwasher and over-the-range microwave. The fully renovated bathroom features sleek black fixtures, new toilet, and two new vanities, including a dual vanity in the adjacent grooming area -- perfect for roommates or partners. Brand-new bedroom windows, new closet and bedroom doors, modern baseboards, and updated fixtures complete this move-in-ready renovation. Minutes from downtown Ann Arbor dining and entertainment.
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 $299,000 (about $344/sq ft).
Property tax estimate: $5,525 per year ($460/month). 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, Hot Water
WaterPublic
SewerPublic
UtilitiesCable Available
InteriorCeiling Fan(s)
Sale & Financing
Listed5/20/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$319 / Monthly
IncludesOther, Water, Trash, Snow Removal, Sewer, Heat
Source: SparkMLS
Tax Information
Annual Tax$5,525
Tax Year2025
Assessed Value$102,855
Parcel #09-09-21-401-060
Source: SparkMLS
Legal Description
UNIT 54, BLDG 4 RIVER HOUSE CONDOMINIUM
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Desiree Bourgeois
Redfin Corporation
Frequently Asked Questions about 1261 Island Drive 201, Ann Arbor, MI 48105
What school district is 1261 Island Drive 201, Ann Arbor, MI 48105 in?
Per MLS# 26023984, this property is served by Ann Arbor. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 1261 Island Drive 201, Ann Arbor, MI 48105?
Per MLS# 26023984, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26023984, the most recent reported annual property tax for 1261 Island Drive 201, Ann Arbor, MI 48105 is $5,525 (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.
Is 1261 Island Drive 201, Ann Arbor, MI 48105 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1261 Island Drive 201, Ann Arbor, MI 48105 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
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.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Mortgage Calculator
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Monthly payment$2,258
Principal & interest$1,939
HOA$319
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
1261 Island Drive 201, 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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