Sold
5492 Parkgrove Road, Ann Arbor, MI 48103
Sold on 04/02/2026 for$444,000
MLS # 26009117 (Michigan Regional Information Center (MichRIC))
3 beds3 baths3,014 sqftBuilt 19880.01 acres
1 / 59
Listing Description
Welcome home to this beautifully maintained ranch condo offering over 3,000 SF of finished space and the ease of one-level living. Sunlight pours through 3 south-facing skylights highlighting vaulted ceilings and warm hardwood floors/new carpet in the living/dining areas. Relax on the private deck with a gas grill and dedicated gas line. The updated kitchen features white cabinetry, granite countertops, new lighting, SS appliances, and a charming breakfast nook. A convenient mudroom/laundry with new washer-dryer connects to the spacious 2 car garage. The primary suite offers 2 closets and an updated vanity, while a 2nd bedroom and large study with built-ins create perfect spaces for guests or a home office. The finished lower level expands your living space with a wet bar, large family or guest area, office, cedar closet, storage, and a spa-like bath with oversized soaking tub. Enjoy low Scio Township taxes and a fantastic location just minutes from shopping, dining, and downtown A2.
Source: SparkMLS
About this home
Located in Parkwood Condos in Ann Arbor, this property offers 3-bedroom, 3-bath, 3,014 sq ft, with original construction dating to 1988.
This home sold for $444,000 (about $147/sq ft).
Annual property taxes run approximately $7,055 ($588/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
Bedrooms3
Bathrooms3
Living Area3,014 sqft
Lot Size0.01 acres
Year Built1988
Stories1
Location
CityAnn Arbor
MunicipalityScio Twp
Zip Code48103
CountyWashtenaw
School DistrictAnn Arbor
Construction & Systems
StyleRanch
ConstructionBrick, Wood Siding
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet
InteriorCeiling Fan(s), Garage Door Opener, Wet Bar, Eat-in Kitchen
Sale & Financing
Listed3/10/2026
Sold Date4/1/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$500 / Monthly
IncludesWater, Trash, Snow Removal, Sewer, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$7,055
Tax Year2025
Assessed Value$184,755
Parcel #H-08-27-265-001
Source: SparkMLS
Legal Description
UNIT #01 PARKWOOD CONDOMINIUM, PT NW 1/4 SEC 27, T2S-R5E.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jean Wedemeyer
The Charles Reinhart Company
Frequently Asked Questions about 5492 Parkgrove Road, Ann Arbor, MI 48103
Which school district serves 5492 Parkgrove Road, Ann Arbor, MI 48103?
Per MLS# 26009117, 5492 Parkgrove Road, Ann Arbor, MI 48103 is in the Ann Arbor boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ann Arbor directly to confirm enrollment eligibility.
What financing options are available for 5492 Parkgrove Road, Ann Arbor, MI 48103?
Per MLS# 26009117, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5492 Parkgrove Road, Ann Arbor, MI 48103?
Per public tax records, annual property taxes for this property are $7,055 (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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5492 Parkgrove Road, Ann Arbor, MI 48103 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 5492 Parkgrove Road, 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 utilities serve 5492 Parkgrove Road, 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$3,347
Principal & interest$2,847
HOA$500
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
5492 Parkgrove Road, Ann Arbor, MI 48103
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Neighborhood
Parkwood Condos
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Community
Ann Arbor
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County
Washtenaw County
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