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Backup Offers

913 Dewey Ave, Ann Arbor, MI, 48104

$1,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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913 Dewey Ave, Ann Arbor$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1965
HeatingNatural Gas, Baseboard, Hot Water
CoolingWindow Unit(s)
BasementYes
MLS #54024017842
Lot Size0.13 Acres
StatusAccepting Backup Offers
(Contingent - Continue To Show)

About 913 Dewey Ave

HIGHEST & BEST due by 4/24/24 at 12:00 noon EST. Rare Opportunity to own this 6-unit apartment building nestled along a quiet, tree lined street with great proximity to U of M's south campus and the Sports Complexes. This property presents a lucrative opportunity for investors seeking long-term returns. The property has two 1-bedroom units and four 2-bedroom units. Each unit features a dishwasher, range/oven, refrigerator, and air conditioning. Heat and water are included, tenants pay electric. There is 1 parking spot per unit, a covered area for bicycles, and an on-site washer and dryer. Rental income 1/23 to 12/23 was $95,465. All units are fully rented for Fall of 2024 with annual rental income of $114,600.

Property Details

Property Features

Property Information:

  • Year Built: 1965

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Richard Jarzembowski

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility, Cable Available

Virtual/3D Tour

  • 3D Tour: 913 Dewey Ave

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Hot Water
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Pioneer High School, Public District Grades 9-12
  • Tappan Middle School, Public District Grades 6-8
  • Burns Park Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Packard to Dewy

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000

Tax Information:

  • Annual Amount: $10,382
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Ann Arbor, MI.

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Ann Arbor, MI

City

Med. Sold Price

$490K

Med. Price/SqFt

$272

Avg. Days On Market

37

# of Sold Homes

91

913 Dewey Ave vs Ann Arbor

13 DAYS ON ROCKET

-24 Days

$1,400,000

+$910K More

KEY TAKEAWAY

This property is $910K more than the Median Sold Price 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: #54024017842

Listing Office:

  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 971-6070
  • Listing Agent: Richard Jarzembowski

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 2:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,382$527,600
2020$9,580$454,500
2019$9,242$432,800
2018$9,006$405,100
2017$8,786$383,800

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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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

school-card-donut-3156658
7
/10

  • Burns Park Elementary School

  • 1414 Wells St

  • 0.37 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3156659
7
/10

  • Tappan Middle School

  • 2251 E Stadium Blvd

  • 1.09 miles

  • Public District Grades 6-8

High School

school-card-donut-3156660
8
/10

  • Pioneer High School

  • 601 W Stadium Blvd

  • 0.93 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,290. The most common annual income of people living in Ann Arbor, MI is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Washtenaw County›Ann Arbor›48104›913 Dewey Ave

This home is located at 913 Dewey Ave in Ann Arbor, MI and zip code 48104 in the Central neighborhood. This home, which was built in 1965, sits on a 0.13 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $1,400,000.

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. The number of listings in Ann Arbor, MI increased by 21.5% between February 2024 and March 2024. In March 2024 median list price was $490,000 and the average listing age was 37 days.

From Rocket Homes Real Estate and based on county public records data.

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