28
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3621 Eli Road
About This Property
Set on a beautifully landscaped corner lot with standout curb appeal, this 3-bedroom home offers the kind of warmth, character, and livability buyers hope to find but rarely do. Inside, hardwood floors, refreshed baths, and an updated kitchen create an inviting, comfortable feel, while the finished basement adds flexible space for movie nights, a home office, fitness area, playroom, or guests.
Major improvements have already been completed, including a new roof and decking (2024), furnace, A/C, water heater, updated attic insulation, 200-amp electrical service, and EV charging setup -- giving the next owner confidence that the expensive projects are already handled. Smart home upgrades and fiber internet make everyday living even easier. Outside, the private fenced backyard, deck, and mature landscaping create an ideal setup for relaxing evenings, entertaining, gardening, or enjoying summer in Ann Arbor.
Located close to parks, shopping, dining, commuter routes, and a nearby community pool, this home offers a rare combination of neighborhood charm, practical updates, and true move-in readiness. Download HERD report at Ann Arbor herdmap. HERD: 5
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Sold | ||
| Sold | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Relisted | $415,000 | |
| Relisted | |||
| Aug 20, 2026 | In contract | - | |
| In contract | |||
| Aug 9, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017