For SaleSingle Family Home

$262,500

1926 Bungalow on a Generous 0.26-Acre Lot in Ann Arbor

2906 Sharon Drive, Ann Arbor, Michigan 48108, United States

Updated systems, large yard, and steps from local parks and the university

2

Beds

1

Baths

1,099

Sq Ft

1926

Built

0.26 acres

Lot

2-car detached

Garage

Historic 1926 bungalow with character details0.26-acre lot — rare scale for this price range2-car detached garage and driveway parkingHardwood floors and fireplaceUpdated windows, newer furnace and water heaterFull unfinished basement with expansion potentialClose to parks, shopping, and University of Michigan

About This Home

This 1926 bungalow sits on one of the neighborhood’s most usable lots — a level 0.26-acre parcel with a 65-foot frontage and room to garden, play, or expand. The home’s single-story plan unfolds across 1,099 square feet with period details like original hardwood floors and a welcoming fireplace, alongside practical, modern upgrades: replaced windows, a newer furnace, and an updated water heater that reduce near-term maintenance needs.

Inside, the layout is straightforward and comfortable. Two true bedrooms and a full bath are supported by a full, unfinished basement that opens possibilities for finished living space, a workshop, or additional storage. The kitchen and living areas present a clean, livable canvas with solid bones — the hardwoods continue through most rooms and the footprint lends itself to tasteful renovations that respect the bungalow’s character.

Outside, the property’s scale is rare for this price band in Ann Arbor. A detached two-car garage and off-street parking for additional vehicles make hosting easy. Mature trees frame the yard and provide privacy; the long rear yard is especially well suited to gardening, a play lawn, or a future deck addition. With a lot this size, expansion or an accessory structure are realistic options subject to R1C zoning and typical setback requirements.

Location is one of the property’s strongest assets. Mary Beth Doyle Park sits just 0.3 miles away and Buhr Park is 0.5 miles — both within a short stroll for weekend recreation. Arborland shopping is roughly 1.2 miles away and the University of Michigan campus is 2.5 miles, making the property attractive to university-affiliated buyers or investors. Huron High School (10/10) anchors the district at the high-school level, while Scarlett Middle and Mary D. Mitchell Elementary serve local families.

Practically minded buyers will note there is no central air and that the home is nearly a century old — an inspection and roof assessment are recommended. Annual taxes per the most recent assessment are $8,719. Taken together, the property represents a distinctive opportunity: a historic bungalow with updated systems, a large private lot in a stable Ann Arbor neighborhood, and proximity to parks, shopping, and campus with tangible upside for value-add renovation or gentle expansion.

Property Features

Interior Features

  • 2 bedrooms, 1 bathroom
  • Hardwood floors throughout main living areas
  • Fireplace in living room
  • Updated windows
  • Newer furnace and water heater
  • Full, unfinished basement
  • Single-story bungalow layout

Exterior & Lot

  • 0.26-acre lot (approx. 11,326 sqft)
  • 65 ft frontage on Sharon Drive
  • 2-car detached garage
  • Driveway parking for additional vehicles
  • Level topography — generous rear yard
  • Mature trees and private yard

Location & Neighborhood

  • Springwater Subdivision No. 2 neighborhood
  • 0.3 miles to Mary Beth Doyle Park
  • 0.5 miles to Buhr Park
  • 1.2 miles to Arborland Center shopping
  • 2.5 miles to the University of Michigan campus
  • Zoned R1C — Single-Family Residential (City of Ann Arbor)

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities
  • Mary Beth Doyle Park (0.3 mi) and Buhr Park (0.5 mi)
  • Arborland Center shopping within 1.2 miles
  • University of Michigan within 2.5 miles
  • Neighborhood green space and sidewalks for local walks
  • Community recreation facilities and organized programming nearby

Neighborhood

Springwater Subdivision No. 2 is a mature, tree-lined neighborhood defined by modest historic bungalows and spacious lots. Residents value proximity to neighborhood parks — Mary Beth Doyle and Buhr Park — and quick access to Arborland shopping and the University of Michigan. The area blends a quiet, residential feel with city convenience: local cafés and services are a short drive away while downtown Ann Arbor and campus are easily reachable. The neighborhood attracts a mix of families, university staff, and professionals seeking walkable green space and strong community ties.

Market Insights

Ann Arbor’s Springwater area is currently a balanced market with a slight tilt toward sellers. Inventory sits near 2.5 months — below the typical equilibrium of 4–6 months — and average days on market run about 30 days, indicating steady demand without the frenzied bidding seen in hotter metro pockets. Median sale prices in the neighborhood hover around $275,000, with one-year appreciation modest at roughly 5% and five-year appreciation closer to 25%. Single-family bungalows and small detached homes in this corridor remain in demand for both owner-occupiers and investors, buoyed by proximity to the University of Michigan and neighborhood parks. Given low inventory and the property’s large lot plus updated mechanicals, this home is well positioned for buyers who want immediate occupancy with the potential to add value through selective renovation. Investors should note consistent rental interest from university-affiliated tenants; owner-occupant buyers will find a competitively priced entry into a stable, amenity-rich pocket of Ann Arbor.

Nearby Schools

Huron High School

High

10/10

Scarlett Middle School

Middle

6/10

Mary D. Mitchell School

Elementary

3/10

Walkability & Recreation

65
Walkability
78
Recreation

Excellent park access with Mary Beth Doyle Park and Buhr Park within walking distance, Arborland shopping 1.2 miles away, and University of Michigan recreational and cultural amenities 2.5 miles from the property.

Property Overview

2906 Sharon Drive is a 2-bedroom, 1-bathroom bungalow built in 1926 with 1,099 SF of living space on a 0.26-acre lot in Ann Arbor's Springwater Subdivision No. 2. The property features hardwood floors, updated windows, and a newer furnace and water heater. The spacious lot includes a 2-car detached garage and offers ample outdoor space for gardening or recreation.

From a valuation perspective, comparable sales in the area suggest a current fair market value of $250,000–$275,000, with a midpoint estimate of $262,500 ($239/SF). The property was last sold in October 2023 for $233,900, indicating appreciation over the past two years. The current assessed value of $135,800 appears below market, which is common in rapidly appreciating neighborhoods.

Springwater Subdivision No. 2 is a peaceful neighborhood with mature trees and close proximity to Mary Beth Doyle Park (0.3 miles) and Buhr Park (0.5 miles). The area offers convenient access to shopping centers like Arborland Center (1.2 miles) and is just 2.5 miles from the University of Michigan campus, making it attractive to students and professionals alike.

Overall, this property represents a solid value in a desirable location with recent updates that reduce near-term maintenance risk. The spacious lot provides potential for expansion or outdoor enhancements. Key due diligence items include verifying the age and condition of the roof, confirming any zoning restrictions, and reviewing school zone assignments.

Investment Highlights

  • Updated windows, furnace, and water heater reduce near-term maintenance costs
  • Proximity to University of Michigan (2.5 miles) enhances rental potential
  • Spacious 0.26-acre lot offers expansion possibilities
  • Close to Mary Beth Doyle Park (0.3 mi) and Buhr Park (0.5 mi) for recreation
  • Historic 1926 bungalow with charming architectural details

Key Findings

  • Assessed value $135,800 (land $56,914, improvements $78,886) — annual taxes $8,719
  • Zoned R1C — Single-Family Residential
  • Comparable sales within 0.5 miles in last 12 months range $250K–$275K
  • Average days on market in area: 30 days (balanced market)

Things to Consider

  • Built in 1926 — potential for aging infrastructure requiring inspection
  • Elementary school rated 3/10 — may impact family buyer interest
  • No central air conditioning — may require installation for comfort

Opportunity Analysis

Charming historic bungalow in desirable Ann Arbor neighborhood with recent updates and potential for value appreciation. Proximity to parks and University of Michigan enhances appeal. Spacious lot offers expansion possibilities.

Potential Use Scenarios

  • Potential primary residence with room for expansion
  • Investment property targeting university students or staff
  • Renovation project to modernize interior and increase value

Risk Factors

  • Aging infrastructure may require additional maintenance
  • Elementary school ratings may deter some family buyers
  • Lack of central air conditioning could affect comfort and desirability

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$250K

Midpoint

$263K

High

$275K

$239/SF estimated price per square foot

80% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 12 months. Adjusted for size, condition, and lot size. Assessed value of $135,800 appears below market.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$275,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Stable population with moderate income levels. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • Mary Beth Doyle Park (0.3 mi)
  • Buhr Park (0.5 mi)
  • Arborland Center (1.2 mi)
  • University of Michigan (2.5 mi)

Close proximity to parks, shopping centers, and the University of Michigan campus.

School District

DistrictAnn Arbor Public Schools
ElementaryMary D. Mitchell School (3/10)
MiddleScarlett Middle School (6/10)
HighHuron High School (10/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1926
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingforced air gas
Coolingnone
Basementfull unfinished
FireplaceYes
Conditionaverage

Lot & Site

Lot Size0.26 acres (11,326 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces4
Frontage65 ft frontage on Sharon Drive

Utilities

Watermunicipal
Sewermunicipal
ElectricDTE Energy
GasDTE Energy

Zoning & Land Use

Zoning CodeR1C
DescriptionSingle-Family Residential
JurisdictionCity of Ann Arbor

Allowed Uses

single familyhome occupation
Current Useresidential
Assessor UseResidential

Tax & Sale History

Tax Assessment

Total Assessed$135,800
Land$56,914
Improvements$78,886
Annual Tax (2025)$8,719

Sale History

2023-10-31$233,900

$213/SF

Arm's length transaction

2024-08-28$369,000

$336/SF

Listed for sale

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