721 Soule Boulevard
About This Property
This gorgeous, absolutely meticulously maintained and updated home is on Ann Arbor's coveted Old West Side and is truly one of a kind. The home sits high up on an expansive corner lot with mature trees and lush perennial gardens. The large front screened-in porch overlooks the quiet, tree-lined streets and is the perfect spot to enjoy morning coffee or evening cocktails.
The backyard patio is another retreat with a fire pit, hammock, and tree swing.
Inside is over 2600 sq. ft of room to roam, with spectacular views from every window, letting in loads of natural light throughout the day. The spacious primary suite is on the first floor, with a huge walk-in closet and spa-like shower/bathroom. Relax outsid in the private hot tub adjacent to the primary suite. There is one other bedroom, office, and full bath on the first floor. Upstairs is a huge bedroom/loft with built-in shelves, desk, and its own balcony overlooking the backyard.
The best views come from the kitchen and great room, you will have to trust me and come see them for yourself!
The finished lower level continues to impress with egress windows, fireplace and full bathroom- perfect for a guest suite or teenage hangout!
The icing on the cake might just be the garage- even Martha Stewart would be in awe with its organization and functionality! It is insulated, heated, has an EV Charger, and Swisstrax garage floor tiles. You seriously could entertain in this garage!
Inside and out, this home is a must see!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Jun 4, 2024 | In contract | - | |
| In contract | |||
| May 29, 2024 | Listed by Real Estate One | $929,000 | |
| Listed by Real Estate One | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017