Just ten of those comparatively affordable homes appear on this month’s map, all but two of them in the city of Ann Arbor.
As usual, the least expensive homes cluster in the city’s southeast quadrant. In Stoneybrook (formally known as Arbor Oaks), 2157 Eden Ct. came in at $189,500, a bit below the over-$200,000 examples cited last month. Near Packard and Platt, 3129 Nordman in the Springwater subdivision sold for $207,500. Springwater wasn’t always a welcome thing: when East Ann Arbor installed water and sewer lines in the 1950s, underground springs drove the project so far over budget that the formerly independent city had to accept annexation to its larger neighbor.
The exceptions are exceptions for a reason: in Water Hill, a fixer-upper at 607 Spring fetched $280,000. Though super-cute, 409 Virginia in the Eberwhite neighborhood was also super-small, fitting two bedrooms and one bath into less than 800 square feet. It sold for $285,000.
All but one of the six million-dollar sales also are in the city. In Ann Arbor Hills, what had been a classic brick ranch gained second-floor dormers and a new garage; now with four bedrooms and as many baths, 2681 Apple Way tops the list at $1.435 million. Off Geddes near the Arboretum, 190 Orchard Hills Ct. commanded $1.175 million. A bit farther east, 3051 Geddes got $1.05 million.
The only condo in the group, atop One North Main, sold for $1.125 million. In the Kerrytown neighborhood, kiddie-corner from Zingerman’s Deli, a Brownstone Condo went for $750,000.
By comparison, sales in two outlying condos seem like terrific bargains. In Nature Cove, near St. Francis of Assisi Catholic Church, neighboring two-bedroom, two-bath units are on the map this month, one for $395,000 and the other for $283,500. Both came with academic pedigrees—the former was owned by onetime U-M VP Fawwaz Ulaby, the latter by ISR cofounder Bob Kahn—but Ulaby’s was recently remodeled.
At University Commons off Huron Pkwy north of Geddes, 827 Asa Gray sold for $375,000, but only after lingering on the market for sixty-three days. Like Nature Cove, the complex is popular with retired academics, but also like it, it’s an elevator building with high homeowners association fees—in this case, $682 a month.