$6,116 Closing Credit¹
#81025023446, Jessica Carter, Listing Office: Keller Williams Ann Arbor
$775,000 List price
508 W Summit St Ann Arbor, MI 48103
$9,203
Closing credit¹
0.2 acres
Multi-Family
Property details
About 508 W Summit St
Perched atop a corner lot in the always desirable Water Hill, sits this 5 unit apartment building. With strong rents and virtually zero vacancy, this investment features not just location, but some big ticket updates- including a new roof (2022) and new laundry center (2024). All units are either studios or 1 bedroom and all have a full bathroom and kitchen. Driveway parking. Monthly rent roll is $6,035 with tenants paying utilities via bill back. A great investment opportunity.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.22 Acres
Year built1901
ParkingShared Driveway
MLS #81025016569
Summary
- Basement: Yes
- Parking: Shared Driveway
- Heating: Forced Air, Natural Gas
- List Price: $775,000
- HOA Amount: $0
- Annual Tax Amount: $17,860
- Tax Year: 2024
- Directions: Summit at Spring.
- Year Built: 1901
- Lot Size: 0.22 Acres
- MLS Number: 81025016569
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: J Keller Properties, LLC
- Office Phone: (734) 369-8239
- Listing Agent: Jonathon Keller
Disclaimer: 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.
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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, 2:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$775,000
508 W Summit St
$9,203
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 18, 2022 | Home Sold | $556,100 |
| Jul 10, 2014 | Home Sold | $415,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $269,800 | $17,860 |
| 2023 | $265,300 | $9,410 |
| 2022 | $247,700 | $9,410 |
| 2021 | $235,900 | $11,463 |
| 2020 | $221,500 | $10,728 |
| 2019 | $209,500 | $10,349 |
| 2018 | $192,200 | $10,084 |
| 2017 | $183,000 | $9,838 |
History based on county public records data.
Nearby schools
7
Bach Elementary School
Public District KG-5
0.9 mi
•600 W Jefferson St
10
Wines Elementary School
Public District KG-5
1.1 mi
•1701 Newport Rd
7
Northside Elementary School
Public District KG-5
1.2 mi
•912 Barton Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $76,681. Typical income of Ann Arbor, MI residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
21%
<35k
50%
35k-100k
23%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
50%
Single, No Kids
8%
Single, with Kids
28%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
46%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Skiing/snowboarding
Yoga/pilates
Where do the neighbors shop?
Bloomingdales
Nordstrom
H&M
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Dominos Pizza
What do the neighbors drive?
Lexus
BMW
Audi
What do the neighbors listen to?
News
Talk/Personality
Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
$5,914 Closing Credit¹
#81025022927, Sandra Goetz, Listing Office: Swisher Commercial
This home is located at 508 W Summit St in Ann Arbor, MI and zip code 48103 in the West neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $775,000.
In April 2025, from all listings sold in Ann Arbor, MI there were more than 67 sold above asking price, over 32 sold below and more than 22 were sold right at the asked price. The number of homes for sale in Ann Arbor, MI increased by 38.7% between March and April 2025. Listings spent 40 days on the market in April 2025, and had a median list price of $510,856 during the same period.
From Rocket Homes Real Estate and based on county public records data.