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Washtenaw 48103
2814 Silver Spring Drive
$650,000
● House - Off Market

2814 Silver Spring Drive

Ann Arbor, MI 48103
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,993 Ft²
$3,629
Est. Monthly
$23
HOA / Fees
7.00%
Cap Rate

About This Property

Open house cancelled.  This beautifully renovated home in Boulder Ridge has been upgraded from top to bottom and is ready for you to move right in! The fully remodeled kitchen has newer cabinets, granite counters, and stainless appliances. Sleek new bathrooms have granite counters and sharp tile. Luxurious primary bedroom suite has vaulted ceilings, walk-in closet, and stunning on-suite bath. Finished basement provides additional living space for recreation or exercise. Relax and unwind on the Trex deck overlooking the backyard. All this with lower township taxes and a fantastic location close to shopping, restaurants, schools, parks, expressways, and more!
Unit Size
2,993 Ft²
Days on Market
28 days
Land Size
0.23 acres
Price per sqft
$207
Property Type
House
Property Taxes
$561
HOA Dues
$23
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #25017524)

Price History

Date / Event Date Event Price
May 23, 2025 Sold
Premium
Sold
Apr 26, 2025 In contract -
In contract
Apr 24, 2025 Listed by The Charles Reinhart Company $620,000
Listed by The Charles Reinhart Company
Nov 21, 2012 Sold
Premium
Sold
Sep 24, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,065
  • Garage Type: 7
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,193
  • Building Area: 2,193
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,193
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK PLACE FOR BUS
  • Land Acres: 0000000230
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: M.D. L3107 P495 ****FROM 1206300005 03/01/95 UNIT 25 BOULDER RIDGE CONDO

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 414900

Zoning

  • Zoning: RH

Geography

  • Assessors Map Reference: MAP L-3
  • District: L
  • Parcel: L -12-06-305-025
  • Block: 305
  • Meridian: SEC 06 TWN 3S RNG 6E
  • Municipality: PITTSFIELD TWP
  • Latitude: 42.2476
  • Longitude: -83.7729

    Address

  • Full Address: 2814 Silver Spring Dr
  • Legal Unit: 25
  • Address - House Number: 2814
  • Address - Street Name: Silver Spring
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: R026
  • 4-Digit Zip Code: 8904
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396,923
  • Tax Rate Code Area: L

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 529,871
  • High Value: 617,179
  • Low Value: 442,563

    Market Valuation

  • Market Total Value: $421,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 24, 2012
  • Current Sale Recording Date: Nov 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6107125
  • Previous Sale Recording Date: Jun 26, 1996
  • Previous Sale Contract Date: May 09, 1996
  • Previous Sale Amount: $188,700
  • Previous 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 Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 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 2243 Old Falls Drive, Ann Arbor, MI, 48103

$4,500 /mo

  • 4 Beds
  • 3 Baths
  • 4,090 ft²
2243 Old Falls Drive, Ann Arbor, MI, 48103 Listing by Charles Hagy

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Matthew Miller, The Charles Reinhart Company
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25017524
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 2814 Silver Spring Drive built and last sold?
The property at 2814 Silver Spring Drive was built in 1995 and last sold on Sep 24, 2012 for $270,000.
How much is this home worth?
The estimated value of the home located at 2814 Silver Spring Drive is $0.
What are some comparable homes to 2814 Silver Spring Drive?
There are currently no comparable homes to 2814 Silver Spring Drive.
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