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Ann Arbor 48104 Walden Woods
2624 Packard Street
$227,500
● House - Off Market

2624 Packard Street

Ann Arbor, MI 48104
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,540 Ft²
$1,553
Est. Monthly
13.97%
Cap Rate

About This Property

Please submit best offers by 4pm Friday 10/25.  This Ann Arbor ranch sits on a beautiful treed lot with a fenced backyard just a short bike ride to UM campus, downtown Ann Arbor, and walking distance to coffee shops, restaurants, schools, parks, and more! Brand new kitchen includes IKEA quiet close cabinets and drawers, new sink and counters, and new luxury plank flooring. Other features include 3 bedrooms with new carpet, a newly renovated bathroom, and a spacious living room with new LVP flooring. The garage area was once converted to living space and will need work to make it living space again. Property being sold AS-IS. Home Energy score is 6. Download report at stream.a2gov.org.
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$140
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1952

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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: 2 years ago (MichRIC MLS #24055554)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Oct 26, 2024 In contract -
In contract
Oct 22, 2024 Listed by The Charles Reinhart Company $215,000
Listed by The Charles Reinhart Company
Nov 7, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,623
  • Lot Size Depth Feet: 940
  • Lot Size Frontage Feet: 810
  • Total Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALDEN WOODSAAC
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 1 & THE NWLY .65 BY 71.75 FT OF LOT W, EXC THE NWLY TRIANGULAR PIECE 5.85FT BY 18 FT OF LOT 1 WALDEN WOODS

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 405100

Zoning

  • Zoning: R1C

Geography

  • District: 09
  • Parcel: 09-12-03-309-017
  • Block: 309
  • Lot: 1
  • Meridian: SEC 03 TWN 3S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2465
  • Longitude: -83.7186

    Address

  • Full Address: 2624 Packard St
  • Address - House Number: 2624
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C051
  • 4-Digit Zip Code: 6820
  • Zip Code: 48104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $434,263
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 373,729
  • High Value: 435,308
  • Low Value: 312,149

    Market Valuation

  • Market Total Value: $276,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,300

    Sales

  • Current Sale Contract Date: Oct 27, 1995
  • Current Sale Recording Date: Nov 07, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 South Ann Arbor

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$256

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1403 ft²

Average Home Age

52.3 years

Currently For Sale

58 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

Rentals Near You

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MichRIC

Listed by: Matthew Miller, The Charles Reinhart Company
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24055554
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 2624 Packard Street built and last sold?
The property at 2624 Packard Street was built in 1952 and last sold on Oct 27, 1995 for $94,500.
How much is this home worth?
The estimated value of the home located at 2624 Packard Street is $225,380.
What are some comparable homes to 2624 Packard Street?
There are currently no comparable homes to 2624 Packard Street.
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