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$774,900

Beds
5
Baths
2.0
sq ft
1,269

1603 S University Ave, Ann Arbor, MI 48104

1603 S University Ave

Ann Arbor, MI 48104

  • Pending
Incredible location of this single family home income property located on S University. This home has four bedrooms and a study, two full bathrooms, and an incredible outdoor space walking distance to much of central campus. Nearly two thousand square feet of finished space. A newly renovated basement with two new bedrooms (egress windows), a full bathroom, and laundry. Upgraded electrical, new kitchen, refinished floors and many more updates in the past few years. Currently rented through May 2025, so that you can get your next tenant group (or yourself) into the house in great time.

Details

Property type

Single Family Residence

Est. home value

$575,337

Lot size

2,614 sq ft

Price per sq ft

$611

Year built

1901

Annual property taxes

$12,493

Price History

11/03/2024
Realcomp

Realcomp #81024056415

Pending
$774,900
10/25/2024
Realcomp

Realcomp #81024056415

Listed
$774,900
+43.77%
12/19/2022
Realcomp

Realcomp #543290750

Sold
$539,000
+7.8%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eastern Michigan Bank

Loan start date

June 2023

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Future Advance Clause / Open End Mortgage, 3 year

Seller

Kathleen A Touma

Lender

Douglas Touma

Loan start date

January 2023

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Not Provided

Seller

Kathleen A Touma

Lender

Eastern Michigan Bank

Loan start date

December 2022

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

6.94%

Loan type

Future Advance Clause / Open End Mortgage, 3 year

Seller

Kathleen A Touma

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 11/05/2024 at 10:25 AM

Listing updated: 11/03/2024 at 12:10 PM

Listed by: David McNamara, Phone #: (734) 478-6061

MLS: Realcomp #81024056415

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