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Washtenaw 48103
5974 Cedar Ridge Drive
$382,500
● House - Off Market

5974 Cedar Ridge Drive

Ann Arbor, MI 48103
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,925 Ft²
$734,203
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Seller to pay $5,000 towards closing cost at closing. (This expires May 20, 2014)  Lovely home in Arbor Pointe backs to private wooded area.  Enjoy the comfortable large family room cathedral ceilings and 2-way fireplace to all season sunroom.  Kitchen with hardwood floors, cherry cabinets and large pantry.  Master bedroom has cathedral ceilings, romantic gas fireplace and roomy master bath with spa tub and individual sink/vanities.  Large and exceptional decking made from Ipe Brazilian hardwood, sprinkler system and gorgeous over-sized 1/3 acre lot. Huge daylight basement plumbed for a bath and has high ceilings.  All of this located in desirable Scio township close to shopping,  expressways and minutes to downtown Ann Arbor.,   Primary Bath, Rec Room: Space
Unit Size
2,925 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$135
Property Type
House
Property Taxes
$412
HOA Dues
$15
Year Built
2000

Payment Calculator

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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 #23097467)

Price History

Date / Event Date Event Price
Jul 24, 2014 Sold
Premium
Sold
Jun 24, 2014 Sold
Premium
Sold
Mar 25, 2014 Listed by RE/MAX Platinum $395,000
Listed by RE/MAX Platinum
Nov 18, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,584
  • Garage Type: 7
  • Garage Square Area: 434
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,925
  • Building Area: 2,925
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,925
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBOR POINTE
  • Land Acres: 0000000350
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: SITE 112, ARBOR POINT SITE CONDO (WASHTENAW COUNTY CONDO SUBD PLAN NO 249) PTNE 1/4 SEC 28, T2A-R5E.

Neighborhood

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

Geography

  • District: H
  • Parcel: H -08-28-130-112
  • Block: 130
  • Meridian: SEC 02 TWN 02 RNG 05E
  • Municipality: SCIO TWP
  • Latitude: 42.2823
  • Longitude: -83.849

    Address

  • Full Address: 5974 Cedar Ridge Dr
  • Address - House Number: 5974
  • Address - Street Name: Cedar Ridge
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: R022
  • 4-Digit Zip Code: 8791
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $576,945
  • Tax Rate Code Area: H

    Appraisal Valuation

  • Standard Deviation: 0.1607
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 612,001
  • High Value: 710,408
  • Low Value: 513,593

    Market Valuation

  • Market Total Value: $516,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2014
  • Current Sale Recording Date: Jul 24, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6214585
  • Previous Sale Recording Date: Nov 18, 2013
  • Previous Sale Contract Date: Aug 27, 2013
  • Previous Sale Amount: $610,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$445,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2349 ft²

Average Home Age

55.9 years

Currently For Sale

640 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: Susan E Blessing, RE/MAX Platinum
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23097467
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 5974 Cedar Ridge Drive built and last sold?
The property at 5974 Cedar Ridge Drive was built in 2000 and last sold on Jun 23, 2014 for $382,500.
How much is this home worth?
The estimated value of the home located at 5974 Cedar Ridge Drive is $0.
What are some comparable homes to 5974 Cedar Ridge Drive?
There are currently no comparable homes to 5974 Cedar Ridge Drive.
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