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Ann Arbor 48104 North Central
520 N Main Street
$720,000
● House - Off Market

520 N Main Street

Ann Arbor, MI 48104
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,990 Ft²
$4,148
Est. Monthly
10.66%
Cap Rate

About This Property

Step back in time and experience the charm and elegance of this beautifully preserved 1925 home. Located just a stroll away from downtown Ann Arbor, Kerrytown, Amtrak, and parks.  A welcoming front porch greets you as you approach and enter to see where original details abound. From the elegant wood-burning fireplace to the intricate moldings and hardwood floors, every corner of this home exudes warmth and character. Spread across three floors, the home offers ample space for comfortable living and entertainment. With five bedrooms on the upper floors and the primary/study on the main level, there's plenty of room for a growing family, work from home or multiple guests.  This home also offers plenty of storage space including a full basement and detached two car garage.
Unit Size
1,990 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$352
Property Type
House
Property Taxes
$711
HOA Dues
-
Year Built
1925

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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: 3 years ago (MichRIC MLS #24012569)

Price History

Date / Event Date Event Price
Apr 11, 2024 Sold
Premium
Sold
Mar 15, 2024 Listed by The Charles Reinhart Company $699,900
Listed by The Charles Reinhart Company
Jun 6, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Total Rooms: 9
  • Bedroom Count: 5
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 728
  • 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: 6,621
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,990
  • Building Area: 1,990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 10
  • Heated Square Feet: 1,990
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE NOW CITY OF ANN ARBOR
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 8 ASSESSORS PLAT NO 29

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 400700

Zoning

  • Zoning: R4C

Geography

  • District: 09
  • Parcel: 09-09-29-137-008
  • Block: 137
  • Lot: 8
  • Meridian: SEC 29 TWN 2S RNG 6E
  • Municipality: ANN ARBOR CITY
  • Latitude: 42.2856
  • Longitude: -83.748

    Address

  • Full Address: 520 N Main St
  • Address - House Number: 520
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: C022
  • 4-Digit Zip Code: 1027
  • Zip Code: 48104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $732,926
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.0872
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 709,710
  • High Value: 771,627
  • Low Value: 647,794

    Market Valuation

  • Market Total Value: $365,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 2012
  • Current Sale Recording Date: Jun 06, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6076457
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 Central Ann Arbor

Stats & Trends

Median Asking:

$700,000

Sale Price/ft²

$464

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1389 ft²

Average Home Age

67.8 years

Currently For Sale

52 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: Patricia Durston, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24012569
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 520 North Main Street built and last sold?
The property at 520 North Main Street was built in 1925 and last sold on Jun 1, 2012 for $210,000.
How much is this home worth?
The estimated value of the home located at 520 North Main Street is $0.
What are some comparable homes to 520 North Main Street?
There are currently no comparable homes to 520 North Main Street.
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