2 years on rocket

503 Lawrence St, Ann Arbor, MI, 48104

$995,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths
1,936 SqFt
$514/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

503 Lawrence St, Ann Arbor$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1910
HeatingNatural Gas, Forced Air
BasementYes
MLS #20221006409
Lot Size0.06 Acres
StatusActive

About 503 Lawrence St

Beautiful rental home in the heart of downtown Ann Arbor. Centrally located very close to Central Campus, U of M Hospital, and Kerrytown. Everything you need is conveniently located close to this amazing property! Each level has its own kitchen for meal preparation. This home is tenant occupied. Currently rented at $5100.00/mo

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1910
  • Stories: 2
  • Living Area: 1,936 SqFt

Listing Office:

  • Office Name: Keller Williams Somerset
  • Office Phone: (248) 649-7200
  • Listing Agent: James T Silver

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • Virtual Tour: 503 Lawrence St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: See Map

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $514/SqFt

Tax Information:

  • Annual Amount: $6,357
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Ann Arbor, MI.

Map thumbnail provided by MapBox

Ann Arbor, MI

City

Med. Sold Price

$500.1K

Med. Price/SqFt

$254

Avg. Days On Market

32

# of Sold Homes

110

503 Lawrence St vs Ann Arbor

875 DAYS ON ROCKET

+843 Days

$995,000

+$494.8K More

$514/SqFt

+$259 More

KEY TAKEAWAY

This property is $494.8K more than the Median Sold Price and $259/SqFt more than other homes in Ann Arbor, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20221006409

Listing Office:

  • Office Name: Keller Williams Somerset
  • Office Phone: (248) 649-7200
  • Listing Agent: James T Silver

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 © 2024 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: 11/15/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,357$257,700
2020$5,949$262,800
2019$5,739$263,100
2018$5,592$258,000
2017$5,456$227,500

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

Powered By

Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-350758
7
/10

  • Bach Elementary School

  • 600 W Jefferson St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-350759
7
/10

  • Northside Elementary School

  • 912 Barton Dr

  • 1.13 miles

  • Public District Grades KG-5

school-card-donut-350760
6
/10

  • Burns Park Elementary School

  • 1414 Wells St

  • 1.40 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,009. The majority of Ann Arbor, MI residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Lawrence St

What is the listing price of this property?

The listing price of 503 Lawrence St property is $995,000.

What type of property is this?

The property 503 Lawrence St is a house located in Ann Arbor, Michigan, 48104.

Is this property for sale now?

Active Listing: 503 Lawrence St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,357 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 503 Lawrence St has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 503 Lawrence St is 1,936 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Lawrence St is 1910.

Rocket Homes›Michigan›Washtenaw County›Ann Arbor›48104›503 Lawrence St

This home is located at 503 Lawrence St in Ann Arbor, MI and zip code 48104 in the Bach neighborhood. This 1,936 square foot home, which was built in 1910, sits on a 0.06 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 24, 2022 and is currently priced at $995,000.

While more than 43 listings in Ann Arbor, MI in October 2024 were sold above asking price, there were more than 14 listings sold at asking price, and more than 53 were sold below. In October 2024 in Ann Arbor, MI there were 8.8% more homes for sale than in September 2024. While the average time on the market in October 2024 was 32 days, the median list price was $500,181.

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

More Resources