Sold
408 Hamilton Place, Ann Arbor, MI 48104
Sold on 08/11/2022 for$690,000
MLS # 54370 (Michigan Regional Information Center (MichRIC))
5 beds2 baths2,489 sqftBuilt 19010.08 acres
1 / 28
Listing Description
Investment opportunity in the heart of downtown Ann Arbor. Great location, just a few blocks from The Diag and U of M central campus. Five bedroom (six occupant) rental home, with one parking space. This house the perfect student rental or Air BnB. Remove the fence along the north side of the home to add 4-5 additional parking spots. Valid C of O thru November 2023. Tenant pays electric, TV/internet. Showings will need 48 hour notice. Listing agent will meet you there. Please schedule an appointment through ShowingTime online.
Source: SparkMLS
About this home
5-bedroom, 2-bath, 2,489 sq ft home in Downtown Ann Arbor in Ann Arbor built in 1901.
Closed at $690,000 (about $277/sq ft).
Estimated annual property tax: $10,634, or about $886 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 SubtypeSingle Family Residence
Bedrooms5
Bathrooms2
Living Area2,489 sqft
Lot Size0.08 acres
Year Built1901
Stories2
Location
CityAnn Arbor
MunicipalityAnn Arbor
Zip Code48104
CountyWashtenaw
School DistrictAnn Arbor Public Schools
Construction & Systems
StyleOther
ConstructionWood Siding
BasementFull
HeatingHot Water
WaterPublic
SewerPublic
Sale & Financing
Listed7/7/2022
Sold Date8/10/2022
Original Price$700,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,634
Tax Year2022
Assessed Value$164,880
Parcel #09-09-29-427-010
Source: SparkMLS
Legal Description
COM AT A POINT 82.70 FT S OF THE SW CORNER OF WILLIAM ST AND HAMILTON PLACE; TH RUNNING W 42 FT; TH
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: East William Street Historic District
Exterior changes may require Historic District Commission (HDC) approval
Source: Ann Arbor Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Christina Restrick
Keller Williams Ann Arbor Mrkt
Frequently Asked Questions about 408 Hamilton Place, Ann Arbor, MI 48104
What school district is 408 Hamilton Place, Ann Arbor, MI 48104 in?
Per MLS# 54370, 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 type of financing is accepted for this listing?
Per MLS# 54370, 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# 54370, the most recent reported annual property tax for 408 Hamilton Place, Ann Arbor, MI 48104 is $10,634 (2022). 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 408 Hamilton Place, Ann Arbor, MI 48104 eligible for USDA financing?
Per USDA Rural Development boundary data, 408 Hamilton Place, Ann Arbor, MI 48104 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, 408 Hamilton Place, Ann Arbor, MI 48104 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 this property in a historic district?
Per local historic district records, 408 Hamilton Place, Ann Arbor, MI 48104 is located within the East William Street Historic District. Properties in locally-designated historic districts may require Historic District Commission (HDC) approval for exterior modifications. Contact the local HDC for current guidelines.
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$4,475
Principal & interest$4,475
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
408 Hamilton Place, Ann Arbor, MI 48104
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Municipality
Downtown Ann Arbor
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County
Washtenaw County
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