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Ann Arbor 48104 Central Ann Arbor
1113 Packard Street
$267,500
● House - Off Market

1113 Packard Street

Ann Arbor, MI 48104
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,371 Ft²
$585,467
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

An investor is likely to buy this home, and be very glad he/she did due to its location and zoning. On Packard near Dewey, the house sits right in the thick of campus living and is an ideal candidate for renovating and renting.  The R4C zoning allows for multiple family occupancy (please consult Ann Arbor zoning ordinance for confirmation and specifics). An adventurous family might also want to renovate the home, as it is within walking distance of Burns Park Elementary, Tappan Middle School and Pioneer High School.  Four bedrooms and two full baths with the original charm waiting to be reclaimed. There is a carport and driveway for off-street parking and a fenced back yard.
Unit Size
1,371 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$241
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #45184)

Price History

Date / Event Date Event Price
Dec 3, 2015 Sold
Premium
Sold
Oct 2, 2015 Listed by Real Estate One $330,000
Listed by Real Estate One

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,621
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLERS ADD
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 72 MILLERS ADDITION

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 400500

Zoning

  • Zoning: R4C

Geography

  • District: 09
  • Parcel: 09-09-33-233-031
  • Block: 233
  • Lot: 72
  • Meridian: SEC 33 TWN 2S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2663
  • Longitude: -83.7353

    Address

  • Full Address: 1113 Packard St
  • Address - House Number: 1113
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C049
  • 4-Digit Zip Code: 3811
  • Zip Code: 48104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $921,121
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.1627
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 451,854
  • High Value: 525,407
  • Low Value: 378,301

    Market Valuation

  • Market Total Value: $421,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,800

    Sales

  • Current Sale Contract Date: Nov 19, 2015
  • Current Sale Recording Date: Dec 03, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6293558
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Central Ann Arbor

Stats & Trends

Median Asking:

$710,000

Sale Price/ft²

$466

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1389 ft²

Average Home Age

67.8 years

Currently For Sale

52 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 403 Wesley Street, Ann Arbor, MI, 48103

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,812 ft²
403 Wesley Street, Ann Arbor, MI, 48103 Listing by Sherry Grammatico
Unit for rent at 332 E Washington Street, Ann Arbor, MI, 48104

$3,400 /mo

  • 3 Beds
  • 1 Bath
  • 4,450 ft²
332 E Washington Street, Ann Arbor, MI, 48104 Listing by William Milliken

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Joseph L Neely, Real Estate One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 45184
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1113 Packard Street built and last sold?
The property at 1113 Packard Street was built in 1910 and last sold on Nov 19, 2015 for $267,500.
How much is this home worth?
The estimated value of the home located at 1113 Packard Street is $0.
What are some comparable homes to 1113 Packard Street?
There are currently no comparable homes to 1113 Packard Street.
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