See Home Value
$415,000
● House - Off Market

261 Gralake Avenue

Ann Arbor, MI 48103
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,457 Ft²
$2,617
Est. Monthly
4.70%
Cap Rate

About This Property

Attractive brick ranch set nicely on a beautifully landscaped lot. Well maintained by single owner, located in popular Lakewood neighborhood with an easy walk to Lakewood Elementary School, shopping & restaurants. This stylish, expanded home has so much to offer with many updates & inviting floor plan, including family room, 3 bedrooms & 2 full baths. Great street approach has newer concrete driveway & stone planting bed w/flagpole. Welcoming living room with hardwood floors & coved plaster ceilings flows into the rest of the house. Front 2 bedrooms have hardwood floors & cute vintage tiled bath with tub/shower. Kitchen has original hardwood cabinets & breakfast nook with room to expand/update to make your own! Adjacent 3 season room to enjoy. Family room addition provides nice gathering space and & offers automatic door & ramp for easier access from driveway & easy for wheelchairs. 3rd bedroom has an accessible bath; this space has many possibilities including as a 3rd bedroom, a study or a primary bedroom. Basement is partially finished with game/rec room & 2 studies with closets. Laundry area has washer & dryer with new laundry sink - plus toilet & sink area for future bath! Large detached 2.5 car garage has newer door & side door to yard. Flagstone walk from 3 season room to generous backyard (fenced on 3 sides) & rear garden area. Updates include new sewer line to street, windows, gutters with leaf guards, electrical panel & more! This is truly a gem, has been meticulously maintained & is ready for the next owner to make their own! HARDWOOD FLOORS TO BE REFINISHED!! Herd score is 3. Download report at stream.a2gov.org
Unit Size
2,457 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$171
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1956

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MichRIC MLS #24036957)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Sold
Jul 31, 2024 In contract -
In contract
Jul 18, 2024 Listed by The Charles Reinhart Company $419,000
Listed by The Charles Reinhart Company

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,107
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,496
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,607
  • Building Area: 1,607
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,607
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 87 LAKEWOOD SUB

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 403300

Zoning

  • Zoning: R1C

Geography

  • District: 09
  • Parcel: 09-08-25-207-006
  • Block: 207
  • Lot: 87
  • Meridian: SEC 25 TWN 2S RNG 5E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2804
  • Longitude: -83.7903

    Address

  • Full Address: 261 Gralake Ave
  • Address - House Number: 261
  • Address - Street Name: Gralake
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C022
  • 4-Digit Zip Code: 2022
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $537,107
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 484,701
  • High Value: 564,566
  • Low Value: 404,836

    Market Valuation

  • Market Total Value: $399,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,700

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

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Frequently Asked Questions

When was property at 261 Gralake Avenue built and last sold?
The property at 261 Gralake Avenue was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 261 Gralake Avenue is $0.
What are some comparable homes to 261 Gralake Avenue?
There are currently no comparable homes to 261 Gralake Avenue.