Sold
500 Little Lake Drive #1, Ann Arbor, MI 48103
Sold on 07/01/2025 for$405,000
MLS # 25024952 (Michigan Regional Information Center (MichRIC))
3 beds2 baths1,361 sqftBuilt 20030 acres
1 / 55
Listing Description
Rare Opportunity in Great Oak Cohousing - Thoughtfully Designed Home in a Vibrant, Connected Community Welcome to this beautiful 3-bedroom, 2-bath home located in the highly sought-after Great Oak Cohousing community on Ann Arbor's west side. This thoughtfully designed home combines privacy with community living, offering both comfort and connection. The main level features high ceilings, hardwood floors, and an open-concept layout that seamlessly integrates the kitchen, dining area, and living room; perfect for modern living. The kitchen boasts warm wood cabinetry, new appliances, and ample prep space. Step through the door from the living room to your fenced backyard, ideal for quiet mornings or outdoor play. The primary suite is located on the main floor,
Source: SparkMLS
About this home
Located in Great Oak Cohousing in Ann Arbor, this property offers 3-bedroom, 2-bath, 1,361 sq ft, with original construction dating to 2003.
Closed at $405,000 (about $298/sq ft).
Estimated annual property tax: $6,793, or about $566 monthly. 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 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms2
Living Area1,361 sqft
Year Built2003
Stories2
Location
CityAnn Arbor
MunicipalityScio Twp
Zip Code48103
CountyWashtenaw
School DistrictAnn Arbor Public Schools
Construction & Systems
StyleCape Cod
ConstructionWood Siding
BasementDaylight, Full
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
InteriorCeiling Fan(s)
Sale & Financing
Listed5/29/2025
Sold Date6/30/2025
Terms AcceptedCash, Conventional
HOA
HOA Fee$547 / Monthly
IncludesOther
Source: SparkMLS
Tax Information
Annual Tax$6,793
Tax Year2024
Assessed Value$183,100
Parcel #H-08-26-240-001
Source: SparkMLS
Legal Description
UNIT 1, GREAT OAK COHOUSING, WASHTENAW COUNTY CONDO SUBDV PLAN NO. 392. PT NW 1/4 COR SEC 26. T2S-R5E.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Kim Peoples
The Charles Reinhart Company
Frequently Asked Questions about 500 Little Lake Drive #1, Ann Arbor, MI 48103
What school district is 500 Little Lake Drive #1, Ann Arbor, MI 48103 in?
Per MLS# 25024952, 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.
Can I use FHA or VA financing for this property?
Per MLS# 25024952, 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# 25024952, the most recent reported annual property tax for 500 Little Lake Drive #1, Ann Arbor, MI 48103 is $6,793 (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 500 Little Lake Drive #1, Ann Arbor, MI 48103 eligible for USDA financing?
Per USDA Rural Development boundary data, 500 Little Lake Drive #1, 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, 500 Little Lake Drive #1, 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 500 Little Lake Drive #1, 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. 8 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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Mortgage Calculator
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Monthly payment$3,174
Principal & interest$2,627
HOA$547
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 SatelliteUnlicensed Fixed WirelessSatellite
8 providers at this address
AT&TFiber
5 GbpsXfinityCable
1.2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsHughesNetSatellite
100 MbpsViasat IncSatellite
100 MbpsT-MobileLicensed Fixed Wireless
25 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
500 Little Lake Drive #1, Ann Arbor, MI 48103
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Neighborhood
Great Oak Cohousing
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Community
Ann Arbor
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County
Washtenaw County
View county overview →
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