Sold
385 Lake Park Lane, Ann Arbor, MI 48103
Sold on 10/28/2024 for$510,000
MLS # 24046641 (Michigan Regional Information Center (MichRIC))
4 beds2 baths2,220 sqftBuilt 19560.2 acres
1 / 35
Listing Description
Looking for the ease of condo living without pesky HOA restrictions? Do you love one-of-a-kind homes in gorgeous settings? Look no further! With its hilltop view through a wall of windows facing Dolph Nature Area, this mid-century modern ranch offers a serene, quiet retreat in one of Ann Arbor's sought out neighborhoods. This beautifully-maintained home boasts a number of important improvements including fresh paint; newer Andersen windows throughout, electrical panel, gas fireplace and doors; as well as updated bathrooms on the main level and downstairs. Main floor offers gorgeous hardwood flooring throughout the living area as well as under the bedrooms' carpeting. In addition to the three bedrooms up, there's a possible 4th bedroom downstairs currently used as a kitchenette.
Source: SparkMLS
About this home
Located in Lakewood in Ann Arbor, this property offers 4-bedroom, 2-bath, 2,220 sq ft, with original construction dating to 1956.
This home sold for $510,000 (about $230/sq ft).
Annual property taxes run approximately $5,692 ($474/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. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area2,220 sqft
Lot Size0.2 acres
Year Built1956
Stories1
Location
CityAnn Arbor
MunicipalityAnn Arbor
Zip Code48103
CountyWashtenaw
School DistrictAnn Arbor Public Schools
Construction & Systems
StyleRanch
ConstructionBrick, Wood Siding
BasementFull, Walk-Out Access
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorBroadband, Eat-in Kitchen
Sale & Financing
Listed9/4/2024
Sold Date10/27/2024
Original Price$569,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,692
Tax Year2024
Assessed Value$107,627
Parcel #09-08-25-213-009
Source: SparkMLS
Legal Description
Lot 201 Lakewood Sub
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Anne Sloan
The Charles Reinhart Company
Frequently Asked Questions about 385 Lake Park Lane, Ann Arbor, MI 48103
Which school district serves 385 Lake Park Lane, Ann Arbor, MI 48103?
Per MLS# 24046641, 385 Lake Park Lane, Ann Arbor, MI 48103 is in the Ann Arbor Public Schools boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ann Arbor Public Schools directly to confirm enrollment eligibility.
What financing options are available for 385 Lake Park Lane, Ann Arbor, MI 48103?
Per MLS# 24046641, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 385 Lake Park Lane, Ann Arbor, MI 48103?
Per public tax records, annual property taxes for this property are $5,692 (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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 385 Lake Park Lane, 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.
Is 385 Lake Park Lane, Ann Arbor, MI 48103 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 385 Lake Park Lane, Ann Arbor, MI 48103. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 385 Lake Park Lane, Ann Arbor, MI 48103?
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$3,464
Principal & interest$3,464
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteUnlicensed Fixed WirelessSatellite
8 providers at this address
XfinityCable
1.2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsAT&TLicensed Fixed Wireless
100 MbpsHughesNetSatellite
100 MbpsT-MobileLicensed Fixed Wireless
100 MbpsViasat IncSatellite
100 MbpsFCC 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
385 Lake Park Lane, 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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