$405,000

500 Little Lake Dr # 1 Ann Arbor, MI 48103

$4,809
Closing credit¹
3 beds
2 full
1,361 sqft
$298 / sqft
Condo

Property details

About 500 Little Lake Dr # 1

Rare Opportunity in Great Oak Cohousing - Thoughtfully Designed Home in a Vibrant, Connected CommunityWelcome to this beautiful 3-bedroom, 2-bath home located in the highly sought-after Great Oak Cohousing community on Ann Arbor's west side. This thoughtfully designed home combines privacy with community living, offering both comfort and connection.The main level features high ceilings, hardwood floors, and an open-concept layout that seamlessly integrates the kitchen, dining area, and living room; perfect for modern living. The kitchen boasts warm wood cabinetry, new appliances, and ample prep space. Step through the door from the living room to your fenced backyard, ideal for quiet mornings or outdoor play.The primary suite is located on the main floor,providing ease & accessibility while two additional bedrooms and a full bath with a skylight are upstairs. The large full basement with egress windows offers natural light, recreation or office space, a laundry area, and abundant storage or future living space. Air conditioning and updated bathrooms round out the modern upgrades. A detached garage is included and the community amenities are truly exceptional: Common house with a playroom, meeting rooms, a recently renovated kitchen and dining hall, yoga studio, guest room with bath, and bonus laundry room. Playground and green spaces perfect for all ages. Group meals are offered 4-5 nights a week and an emphasis on shared responsibility, collaboration, and community involvement. Resident participation is an essential aspect of life at Great Oak, with members contributing to the upkeep and governance of the community. This is more than just a home,it's a lifestyle rooted in connection, sustainability, and shared values. Minutes from downtown Ann Arbor, the University of Michigan, schools, parks, and shopping.

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s), Central Air
Size1,361 sqft
BasementYes
Year built2003
ParkingAsphalt, Detached, Garage Door Opener
MLS #81025024952
Garage1 space

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Wood
  • Interior: Vaulted Ceilings
  • Total Bedroom Count: 3
  • Garage Space: 1 space
  • Parking: Asphalt, Detached, Garage Door Opener
  • Exterior: Private Entrance
  • Architectural Style: Cape Cod, End Unit, Townhouse
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • List Price: $405,000
  • Price/SqFt: $297
  • HOA Amount: $547 Monthly
  • Annual Tax Amount: $3,417
  • Tax Year: 2020
  • Directions: Jackson to Parkland to Little Lake Dr. (Great Oak)
  • Year Built: 2003
  • Stories: 2
  • Living Area: 1,361 SqFt
  • MLS Number: 81025024952
  • MLS Name: Greater Metropolitan Association of REALTORS
  • Office Name: The Charles Reinhart Company
  • Office Phone: (734) 665-0300
  • Listing Agent: Kim Peoples

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 9:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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500 Little Lake Dr # 1, Ann Arbor, MI 48103 - view of front of home featuring covered porch

$405,000

500 Little Lake Dr # 1

$4,809

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 20, 2021
Home Sold
$347,000

Tax history

YearAssessmentProperty Tax
2024$185,200$-
2023$174,800$-
2022$166,200$-
2021$164,200$-
2020$156,300$3,417
2019$152,200$3,309
2018$128,300$3,162
2017$117,200$3,010

History based on county public records data.

Nearby schools

5

Lakewood Elementary School

Public District KG-5

1.4 mi

344 Gralake Ave

6

Abbot Elementary School

Public District KG-5

1.9 mi

2670 Sequoia Pkwy

5

Haisley Elementary School

Public District KG-5

2.3 mi

825 Duncan St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $85,227. Most Ann Arbor, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

15%
<35k
41%
35k-100k
24%
100k-200k
20%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

32%
Single, No Kids
11%
Single, with Kids
29%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
12%
12-17 yrs old
13%
18-34 yrs old
47%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • PGA/LPGAPGA/LPGA
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • BJs Wholesale ClubBJs Wholesale Club
  • Stein MartStein Mart
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • PaneraPanera
  • Cracker BarrelCracker Barrel
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • InfinitiInfiniti
  • LexusLexus
  • FordFord

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • OldiesOldies
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 500 Little Lake Dr # 1

The listing price of 500 Little Lake Dr # 1 property is $405,000.

The property 500 Little Lake Dr # 1 is a condo located in Ann Arbor, Michigan, 48103.

Active Listing: 500 Little Lake Dr # 1 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 500 Little Lake Dr # 1 are: Lakewood Elementary School (GreatSchools Rating 5/10), Abbot Elementary School (GreatSchools Rating 6/10), Haisley Elementary School (GreatSchools Rating 5/10), Forsythe Middle School (GreatSchools Rating 6/10), Slauson Middle School (GreatSchools Rating 7/10), Mill Creek Middle School (GreatSchools Rating 10/10), Skyline High School (GreatSchools Rating 9/10), Pioneer High School (GreatSchools Rating 8/10), Community High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2020 is $3,417 (source: MLS/based on county public records data).

The last sale was on October 20, 2021 for $347,000 (source: MLS/tax record).

The property at 500 Little Lake Dr # 1 has 3 bedrooms and 2 bathrooms.

The property 500 Little Lake Dr # 1 is 1,361 SqFt (source: MLS/tax record).

The year of construction for 500 Little Lake Dr # 1 is 2003.

This home is located at 500 Little Lake Dr # 1 in Ann Arbor, MI and zip code 48103 in the Haisley neighborhood. This 1,361 square foot home was built in 2003. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $405,000.

In April 2025 more than 67 listings in Ann Arbor, MI were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 32 were sold below. The number of listings in Ann Arbor, MI increased by 38.7% between March and April 2025. In April 2025, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $510,856.

From Rocket Homes Real Estate and based on county public records data.

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