Check Availability
$675,000
● House - For Sale

2873 Packard Street

Ann Arbor, MI 48108
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,716 Ft²
$3,999
Est. Monthly
5.01%
Cap Rate

About This Property

Rare opportunity in the City of Ann Arbor! Situated on nearly 2 acres, this 1,716 sqft home, built in 1916, offers exceptional potential for a homeowner, investor, builder, or developer looking to create something special. The home requires substantial updating and is sold As-Is. A 2-car garage plus two additional outbuildings provide ample space for vehicles, storage, hobbies, or workshop use. The expansive 1.875-acre parcel offers the convenience of public water and sewer along with privacy, open space, and numerous possibilities for renovation, large estate home, expansion, or future development. R1C zoning may allow development of 6-8 units, and also permits day care facility, and Special Exception Use allows private school or religious assembly. Service along a main bus route. Enjoy a convenient location within walking distance to Buhr Park and Cobblestone Farm. Easy access to shopping, schools, additional parks. Home Energy Score of 1; report available at osi.a2gov.org/herd.
Unit Size
1,716 Ft²
Days on Market
68 days
Land Size
1.88 acres
Price per sqft
$393
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1916

Listed By

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Cap Rate Calculator

Last updated: 2 months ago (MichRIC MLS #26046369)

Price History

Date / Event Date Event Price
Sep 1, 2026 Listed by Real Estate One Inc $675,000
Listed by Real Estate One Inc

Property Highlights

Garage
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Laundry Features: In Basement
Rooms: 8
Basement: Full
Exterior Details
Square Footage: 1716
Architectural Style: Colonial, Farmhouse
Year Built: 1916
Building Area Total: 1716
Other Structures: Shed(s), Barn(s)
Construction Materials: Shingle Siding, Wood Siding
Patio and Porch Features: Covered, Porch
Lot Features: Level, Wooded
Lot Size Area: 1.88
Lot Size Units: Acres
Lot Size Acres: 1.88
Lot Size Square Feet: 81675
Lot Size Dimensions: 165x495
Water Source: Public
Financial Details
Tax Assessed Value: $118,798
Tax Annual Amount: $8,209
Utilities Details
Heating Type: Hot Water
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 756
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,675
  • Lot Size Depth Feet: 4,950
  • Lot Size Frontage Feet: 1,650
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 10
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001875
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT S 1/4 COR OF SEC 3, T3S, R6E, TH ALONG S LINE OF SAID SEC AND TH CENTERLINE OF PACKARD ROAD NORTH 89 DEG 47 MIN 30 SEC

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 405200

Zoning

  • Zoning: R1C

Geography

  • District: 09
  • Parcel: 09-12-03-404-001
  • Block: 404
  • Meridian: SEC 03 TWN 3S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2454
  • Longitude: -83.7061

    Address

  • Full Address: 2873 Packard St
  • Address - House Number: 2873
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C055
  • 4-Digit Zip Code: 1805
  • Zip Code: 48108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,991
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.1322
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 84
  • Final Value: 476,960
  • High Value: 540,033
  • Low Value: 413,887

    Market Valuation

  • Market Total Value: $374,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,000

    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

About South Ann Arbor


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Frequently Asked Questions

When was property at 2873 Packard Street built and last sold?
The property at 2873 Packard Street was built in 1916 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2873 Packard Street is $670,493.
What are some comparable homes to 2873 Packard Street?
There are currently no comparable homes to 2873 Packard Street.