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Ann Arbor 48108 Southeast Ann Arbor
3183 Springbrook Street
$240,000
● House - Off Market

3183 Springbrook Street

Ann Arbor, MI 48108
bedrooms
2 Beds
bathrooms
1 Bath
square feet
856 Ft²
$1,635
Est. Monthly
9.95%
Cap Rate

About This Property

Welcome to this cozy 2-bed, 1-bath  home that  offers smart updates and a spacious backyard. The living room features high ceilings and LED lighting, creating a bright, inviting space. A finished loft adds flexibility for a home office or creative retreat. The kitchen includes a dishwasher, and the updated bathroom adds a fresh touch. Major updates include a 2020 roof with foam insulation,fully encapsulated crawlspace with a dehumidifier, a 2017 furnace as well as a sewer line replacement in 2016. With a valid Certificate of Occupancy through 2026, this home is a fantastic investment or an affordable, low-maintenance place to call your own! Home Energy Score of 7. Download report at streatm.a2gov.org. Multiple offers received, Highest & Best Due- 3/15 @ noon. Open house cancelled.
Unit Size
856 Ft²
Days on Market
26 days
Land Size
0.16 acres
Price per sqft
$275
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1947

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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 #25008914)

Price History

Date / Event Date Event Price
Apr 7, 2025 Sold
Premium
Sold
Mar 16, 2025 In contract -
In contract
Mar 11, 2025 Listed by @properties Christie's Int'lAA $235,000
Listed by @properties Christie's Int'lAA
Apr 17, 2024 No longer available -
No longer available
Apr 5, 2024 Price Decreased $224,000
↓ $31K (12.2%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 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: 7,144
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 540
  • Total Building Area: 792
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 792
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRINGWATER SUB
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N 5 FT LOT 99 & ALL LOT 100 SPRINGWATER SUB NO 1

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 09
  • Parcel: 09-12-10-111-027
  • Block: 111
  • Lot: 99-100
  • Meridian: SEC 10 TWN 3S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2424
  • Longitude: -83.7021

    Address

  • Full Address: 3183 Springbrook St
  • Address - House Number: 3183
  • Address - Street Name: Springbrook
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C024
  • 4-Digit Zip Code: 1864
  • Zip Code: 48108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412,964
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 200,589
  • High Value: 240,718
  • Low Value: 160,461

    Market Valuation

  • Market Total Value: $160,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,400

    Sales

  • Current Sale Contract Date: Feb 13, 2020
  • Current Sale Recording Date: Feb 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6509823
  • Previous Sale Recording Date: Sep 18, 1996
  • Previous Sale Contract Date: Sep 09, 1996
  • Previous Sale Amount: $79,000
  • 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 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

Unit for rent at 3065 Nordman Road, Ann Arbor, MI, 48108

$2,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,034 ft²
3065 Nordman Road, Ann Arbor, MI, 48108 Listing by Evelyn Roberts
Unit for rent at 2445 Mulberry Court, Ann Arbor, MI, 48104

$2,700 /mo

  • 2 Beds
  • 2 Baths
  • 1,476 ft²
2445 Mulberry Court, Ann Arbor, MI, 48104 Listing by Veronica Long

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Ariel Hurwitz-Greene, @properties Christie's Int'lAA
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25008914
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 3183 Springbrook Avenue built and last sold?
The property at 3183 Springbrook Avenue was built in 1947 and last sold on Feb 13, 2020 for $75,000.
How much is this home worth?
The estimated value of the home located at 3183 Springbrook Avenue is $235,191.
What are some comparable homes to 3183 Springbrook Avenue?
There are currently no comparable homes to 3183 Springbrook Avenue.
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