Sold
261 Gralake Avenue, Ann Arbor, MI 48103
Sold on 08/23/2024 for$415,000
MLS # 24036957 (Michigan Regional Information Center (MichRIC))
3 beds2 baths2,457 sqftBuilt 19560.22 acres
1 / 51
Listing Description
Attractive brick ranch set nicely on a beautifully landscaped lot. Well maintained by single owner, located in popular Lakewood neighborhood with an easy walk to Lakewood Elementary School, shopping & restaurants. This stylish, expanded home has so much to offer with many updates & inviting floor plan, including family room, 3 bedrooms & 2 full baths. Great street approach has newer concrete driveway & stone planting bed w/flagpole. Welcoming living room with hardwood floors & coved plaster ceilings flows into the rest of the house. Front 2 bedrooms have hardwood floors & cute vintage tiled bath with tub/shower. Kitchen has original hardwood cabinets & breakfast nook with room to expand/update to make your own! Adjacent 3 season room to enjoy. Family room addition provides nice gathering
Source: SparkMLS
About this home
3-bedroom, 2-bath, 2,457 sq ft home in Lakewood in Ann Arbor built in 1956.
Closed at $415,000 (about $169/sq ft).
Property tax estimate: $6,709 per year ($559/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,457 sqft
Lot Size0.22 acres
Year Built1956
Stories1
Location
CityAnn Arbor
MunicipalityAnn Arbor
Zip Code48103
CountyWashtenaw
School DistrictAnn Arbor Public Schools
Construction & Systems
StyleRanch
ConstructionBrick
BasementCrawl Space
Garage2.5 spaces
HeatingBaseboard, Forced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorCeiling Fan(s), Garage Door Opener
Sale & Financing
Listed7/17/2024
Sold Date8/22/2024
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,709
Tax Year2024
Assessed Value$126,870
Parcel #09-08-25-207-006
Source: SparkMLS
Legal Description
LOT 87 LAKEWOOD SUB
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Elizabeth Brien
The Charles Reinhart Company
Frequently Asked Questions about 261 Gralake Avenue, Ann Arbor, MI 48103
What school district is 261 Gralake Avenue, Ann Arbor, MI 48103 in?
Per MLS# 24036957, this property is served by Ann Arbor Public Schools. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 261 Gralake Avenue, Ann Arbor, MI 48103?
Per MLS# 24036957, 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# 24036957, the most recent reported annual property tax for 261 Gralake Avenue, Ann Arbor, MI 48103 is $6,709 (2024). 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 261 Gralake Avenue, Ann Arbor, MI 48103 eligible for USDA financing?
Per USDA Rural Development boundary data, 261 Gralake Avenue, Ann Arbor, MI 48103 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 261 Gralake Avenue, Ann Arbor, MI 48103 is in flood zone X (minimal risk). 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.
Is fiber internet available at 261 Gralake Avenue, Ann Arbor, MI 48103?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
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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Monthly payment$2,718
Principal & interest$2,718
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
261 Gralake Avenue, Ann Arbor, MI 48103
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Neighborhood
Lakewood
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Community
Ann Arbor
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County
Washtenaw County
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