1616 Westminster Place
About This Property
The bright and spacious living room features beautiful hardwood floors and a cozy fireplace. The updated kitchen features stainless steel appliances, beautiful countertops, with an eat in breakfast bar, and plenty of storage. Rounding off the main floor are two bedrooms (one currently being used as a dining space) with a beautiful updated full bath in between. Newer windows increase the already abundant natural light throughout the home. The finished basement nearly doubles the total living space. Large windows (one egress in the bedroom) make the space feel open, and comfortable. It's an incredibly versatile space and could be used as a media room, home office, guest room, or all three!
Outside there you will find a large patio, perfect for enjoying the outdoors, tailgates, or entertaining. The yard has an abundance of mature trees, and plantings, creating a perfect urban oasis.
This home is just steps to Michigan Stadium, shops, restaurants, and parks. You'll have easy access to sports events and all the benefits that Ann Arbor has to offer.
This is a fantastic opportunity to own a turn-key home in one of Ann Arbor's most sought-after neighborhoods, and all at an incredible value. Home Energy Score of 5. Download report at stream.a2gov.org
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Listed by The Charles Reinhart Company | $570,000 | |
| Listed by The Charles Reinhart Company | |||
| May 2, 2019 | Sold | ||
| Sold | |||
| Mar 1, 2019 | Listed by The Charles Reinhart Company | $415,000 | |
| Listed by The Charles Reinhart Company | |||
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Location, Location, Location! This house is absolutely charming! Remodeled kitchen (2016) with clean white cabinets, stainless appliances, and quartz counters plus new flooring. Dine at the large breakfast bar or in the combined living and dining room with wood fireplace and tons of natural light. Enjoy wood floors throughout the main level, including in the two sizable bedrooms. The lower level has been finished recently with a spacious recreational room and a very private master suite with egress window, walk-in closet, and full bathroom with dual vanity and tiled shower. The home has two large side yards, one with a stone patio. 2014 updates include: Tear down roof, whole house window replacement, basement waterproofing. Bath remodel (tile, plumbing fixture, lighting), whole house re-pi re-piping w/ PEX, install of AO Smith 50 gal. water heater, new smart furnace/nest thermostat and smoke/carbon detector, air conditioner, door installed in living room leading to large brick paved patio, and gutter replacement, basement water drainage system installed and a Protech radon mitigation system., Primary Bath, Rec Room: Finished
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017