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1541 Covington Drive

1541 Covington Drive, Ann Arbor, MI 48103
Sold Jul 26, 2016
$380,000
$304,000 by Ann Arbor State Bank
Mortgage Due Aug 01, 2046
Sold Feb 15, 2007
$237,000
$189,600 by Bank Of Ann Arbor Mortgage Co
Mortgage Due Mar 01, 2037
1541 Covington Drive has been categorized by the local assessors in Ann Arbor, MI as a residential type of property. The building on the property was first built in 1959 and is 65 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 1541 Covington Drive has 1,708 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 760 ft. The area measurement of the land has been determined as 10,019 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. The property was last sold in Jul 18, 2016 for $380,000. That's $222.48 per sqft. Prior to that sales transaction, the property was also sold in Feb 13, 2007 for $237,000. 1541 Covington Drive was last assessed in 2023. The total value of the property was assessed at $230,100. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,999. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Style: Ranch/Rambler
  • Basement Type: Unspecified basement
  • Basement Area: 1,466
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,708
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VERNON DOWNS NO 2
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 8 FT LOT 236 & ALL LOT 237 VERNON DOWNS NO2

Ownership

  • Current Owner : WICKLUND THOMAS A
  • Current Owner 2: WICKLUND JULIYA G
  • Previous Owner : DELANEY MICHAEL J
  • Previous Owner 2: DELANEY JESSICA A
  • Owner Before Previous Owner: COVINGTON INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 404300

Zoning

  • Zoning: R1C

Geography

  • District: 09
  • Parcel: 09-09-31-313-014
  • Block: 313
  • Lot: 236-237
  • Meridian: SEC 31 TWN 2S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2616
  • Longitude: -83.7743

    Address

  • Full Address: 1541 Covington Dr
  • Address - House Number: 1541
  • Address - Street Name: Covington
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C017
  • 4-Digit Zip Code: 5609
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,999
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 77
  • Final Value: 553,835
  • High Value: 650,802
  • Low Value: 456,868

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $304,000
  • First Open Lien Mortgage Lender: ANN ARBOR STATE BANK
  • First Open Lien Mortgage Recording Date: Jul 26, 2016
  • First Open Lien Mortgage Loan Amount: $304,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2046

    Market Valuation

  • Market Total Value: $460,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2016
  • Current Sale Recording Date: Jul 26, 2016
  • Current Sale Transaction ID: 1768755433
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6328209
  • Previous Sale Recording Date: Feb 15, 2007
  • Previous Sale Contract Date: Feb 13, 2007
  • Previous Sale Amount: $237,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ANN ARBOR STATE BANK
  • First Mortgage Transaction Date: Jul 26, 2016
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF ANN ARBOR MORTGAGE CO
  • Previous Mortgage Transaction Date: Feb 15, 2007
  • Previous Mortgage Loan Amount: $189,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2037

About West Ann Arbor



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Frequently Asked Questions

What neighborhood is 1541 Covington Drive located in?
The 1541 Covington Drive is a located in the neighborhood of Greenview and Pioneer Nature Area in West Ann Arbor, Ann Arbor.
What is the average sales price for listings in 1541 Covington Drive?
The average sales price for units in 1541 Covington Drive is $0 currently.

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