StatusAccepting Backup Offers (Contingent - Continue To Show)
About 2203 Melrose Ave
Unlock the grandeur of a bygone era hidden behind the doors of this stately 2 Story on a hilltop setting in the Heart of Ann Arbor Hills. A time capsule of timeless charm and beauty, this impressive home features original hardwood floors, trim and plasterwork throughout. The formal living and dining rooms both open to a large 3-season room that overlooks the parklike grounds. The sweeping staircase leads to the rooftop balcony and second-story sleeping quarters. The Primary bedroom features a fireplace and attached full bath. The partially finished lower level has plenty of space for a terrific recreation room. Important updates include roof, furnace and air conditioner!
This property is $560K more than the Median Sold Price and $80/SqFt more than other homes in Ann Arbor, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Ann Arbor Area Board of REALTORS®
MLS Number: #54024017545
Listing Office:
Office Name: The Charles Reinhart Company
Office Phone: (734) 769-3800
Listing Agent: Nancy D Bishop
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,308
Per Month
Principal & Interest
$5,241
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,214
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Angell Elementary School
1608 S University Ave
Distance between this listing and this school0.85 miles
Public District Grades KG-5
Middle School
7
/10
Tappan Middle School
2251 E Stadium Blvd
Distance between this listing and this school0.34 miles
Public District Grades 6-8
High School
7
/10
Huron High School
2727 Fuller Rd
Distance between this listing and this school1.18 miles
Public District Grades 9-12
Assigned Schools
8
/10
Angell Elementary School
1608 S University Ave
Distance between this listing and this school0.85 miles
Public District Grades KG-5
Nearby Schools
7
/10
Burns Park Elementary School
1414 Wells St
Distance between this listing and this school0.78 miles
Public District Grades KG-5
6
/10
Pattengill Elementary School
2100 Crestland St
Distance between this listing and this school0.81 miles
Public District Grades 3-5
Assigned Schools
7
/10
Tappan Middle School
2251 E Stadium Blvd
Distance between this listing and this school0.34 miles
Public District Grades 6-8
Nearby Schools
4
/10
Scarlett Middle School
3300 Lorraine St
Distance between this listing and this school2.39 miles
Public District Grades 6-8
8
/10
Slauson Middle School
1019 W Washington St
Distance between this listing and this school2.52 miles
Public District Grades 6-8
Assigned Schools
7
/10
Huron High School
2727 Fuller Rd
Distance between this listing and this school1.18 miles
Public District Grades 9-12
Nearby Schools
5
/10
Central Academy
2459 S Industrial Hwy
Distance between this listing and this school1.40 miles
Public Charter Grades PK-12
8
/10
Pioneer High School
601 W Stadium Blvd
Distance between this listing and this school2.06 miles
The neighbors living near this home have an average income of $212,356. The most common annual income of people living in Ann Arbor, MI is $200k+. Typical family type is married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2203 Melrose Ave
What is the listing price of this property?
The listing price of 2203 Melrose Ave property is $1,050,000.
What type of property is this?
The property 2203 Melrose Ave is a house located in Ann Arbor, Michigan, 48104.
Is this property for sale now?
Accepting Backup Offers: 2203 Melrose Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 2203 Melrose Ave are: Angell Elementary School: GreatSchools Rating 8/10Tappan Middle School: GreatSchools Rating 7/10Huron High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,111 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 2203 Melrose Ave has 4 bedrooms and 3 full and 1 half bathrooms.
What is the square footage of this property?
The property 2203 Melrose Ave is 2,972 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2203 Melrose Ave is 1941.
This home is located at 2203 Melrose Ave in Ann Arbor, MI and zip code 48104 in the Northeast neighborhood. This 2,972 square foot home, which was built in 1941, sits on a 0.47 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $1,050,000.
In March 2024, from all listings sold in Ann Arbor, MI there were more than 49 sold above asking price, over 25 sold below and more than 17 were sold right at the asked price. In March 2024 in Ann Arbor, MI there were 21.5% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $490,000, while the average time on the real estate market was 37 days.
From Rocket Homes Real Estate and based on county public records data.