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Washtenaw 48103
5587 Versailles Avenue
$320,000
● House - Off Market

5587 Versailles Avenue

Ann Arbor, MI 48103
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,407 Ft²
$613,115
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Delightful open floor plan for this 4 bedroom home in Country French Estates.  Situated on a corner lot, this home features a spacious and light-filled living room with soaring ceilings and gas fireplace, an open kitchen with breakfast bar area and skylight, and a cozy family room with gas fireplace and door wall to wood deck.  First floor master suite offers vaulted ceilings, a walk-in closet and full bath.  There is also an upstairs suite with private bath, walk-in closet, and separate air conditioner.  Fully finished basement boasts a large recreation area, perfect for gym or home office, as well as a bedroom, and a full bath.  Great location, close to expressways, shopping, and dining, and minutes from downtown Ann Arbor.,   Primary Bath, Rec Room: Finished
Unit Size
3,407 Ft²
Days on Market
39 days
Land Size
0.30 acres
Price per sqft
$95
Property Type
House
Property Taxes
$413
HOA Dues
$65
Year Built
1997

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #42496)

Price History

Date / Event Date Event Price
Aug 12, 2021 Sold
Premium
Sold
Mar 24, 2021 Listed by Howard Hanna RE Services $384,900
Listed by Howard Hanna RE Services
Apr 29, 2014 Sold
Premium
Sold
Mar 17, 2014 Listed by Howard Hanna RE Services $325,000
Listed by Howard Hanna RE Services
May 23, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 1,435
  • Garage Type: 7
  • Garage Square Area: 926
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,973
  • Building Area: 1,973
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,973
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY FRENCH ESTATES
  • Land Acres: 0000000300
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: SITE 7 COUNTRY FRENCH ESTATES SITE CONDO. PT NE 1/4 SEC 28, T2S-R5E.

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 455000

Geography

  • Assessors Map Reference: MAP H-8-28-1
  • District: H
  • Parcel: H -08-28-175-007
  • Block: 175
  • Meridian: SEC 02 TWN 02S RNG 05E
  • Municipality: SCIO TWP
  • Latitude: 42.2782
  • Longitude: -83.8395

    Address

  • Full Address: 5587 Versailles Ave
  • Address - House Number: 5587
  • Address - Street Name: Versailles
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: R027
  • 4-Digit Zip Code: 9083
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $630,710
  • Tax Rate Code Area: H

    Appraisal Valuation

  • Standard Deviation: 0.085
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 93
  • Final Value: 392,989
  • High Value: 426,426
  • Low Value: 359,552

    Market Valuation

  • Market Total Value: $535,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6606992
  • Previous Sale Recording Date: Apr 29, 2014
  • Previous Sale Contract Date: Apr 25, 2014
  • Previous Sale Amount: $320,000
  • Previous Sale Document Type: 71
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 5849 Lafayette Lane, Ann Arbor, MI, 48103

$3,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,728 ft²
5849 Lafayette Lane, Ann Arbor, MI, 48103 Listing by Steven Koleno

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Aleksandr Milshteyn, Howard Hanna RE Services
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 42496
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 5587 Versailles Avenue built and last sold?
The property at 5587 Versailles Avenue was built in 1997 and last sold on Jul 28, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 5587 Versailles Avenue is $0.
What are some comparable homes to 5587 Versailles Avenue?
There are currently no comparable homes to 5587 Versailles Avenue.
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