Homes/Michigan/Ann Arbor/2906 Sharon Drive
CompCasa Property Analysis · single_family

2906 Sharon Drive

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

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

2 beds1 baths1,099 sq ftBuilt 19260.26 acres2-car detached
CompCasa valuation analysis
Estimated market value
$262,500
Low $250,000 · Midpoint $262,500 · High $275,000
Confidence80%Sales comparison approach
Last recorded sale$369,000Aug 28, 2024
Assessed value$135,8002025 assessment
CompCasa estimate$262,500Mar 6, 2026
Estimate vs. last recorded sale−$106,500 / −28.9%
$250,000$262,500 midpoint$275,000
Price / sq ft$239
Median sale price$275,000
Avg days on market30 days
Inventory2.5 months

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.

About the property

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

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$320,000
Property address2910 Sharon Dr, Ann Arbor, MI 48108
2 bed2 bath888 sq ftBuilt 19580.1 mi11,440 sq ft lot$360/SF
Sold Jun 21, 2024
Subject difference
  • 211 SF smaller
  • 1 additional bathroom
  • Similar lot size
  • 32 years newer
Research comparison noteSmaller size but additional bathroom; sold recently
02Sold price$165,000
Property address2926 Sharon Dr, Ann Arbor, MI 48108
3 bed1 bath924 sq ftBuilt 19200.1 mi11,456 sq ft lot$179/SF
Sold Oct 28, 2016
Subject difference
  • 175 SF smaller
  • 1 additional bedroom
  • Similar lot size
  • 6 years older
Research comparison noteSimilar age and lot size; sold in 2016
03Sold price$120,000
Property address2916 Sharon Dr, Ann Arbor, MI 48108
2 bed1 bath869 sq ftBuilt 19290.1 mi11,440 sq ft lot$138/SF
Sold Apr 23, 2010
Subject difference
  • 230 SF smaller
  • Similar lot size
  • 3 years newer
Research comparison noteSmaller size; sold in 2010
Comp methodology: Focused on similar age and size homes within 0.5 miles in Ann Arbor sold in last 10 years for maximum relevance
Property details

A 1926 bungalow on 0.26 acres.

Building

Year built1926
ConstructionWood Frame
RoofAsphalt Shingle
Heatingforced air gas
Coolingnone

Site & utilities

Lot size0.26 acres
Garage2-car detached
Stories1
ConditionAverage
BasementFull Unfinished
FireplaceYes
Improvement notes2 bedrooms, 1 bathroom, hardwood floors, updated windows, newer furnace and water heater
Lot area11,326 sq ft
TopographyLevel
Frontage65 ft frontage on Sharon Drive
ParkingDetached Garage And Driveway
Parking spaces4
Parking notes2-car detached garage plus driveway for 2 vehicles
AccessStandard residential driveway from Sharon Drive
WaterMunicipal
SewerMunicipal
ElectricDTE Energy
GasDTE Energy
Location & nearby

Springwater Subdivision No. 2

Researched nearby locations

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

Location

2906 Sharon Drive, Ann Arbor, MI 48108, USA

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryMary D. Mitchell School (3/10)
Middle schoolScarlett Middle School (6/10)
High schoolHuron High School (10/10)
School districtAnn Arbor Public Schools
Market context

A factual market snapshot around 2906 Sharon Drive.

Median sale price$275,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Single-Family Residential

Zoning

Zoning codeR1C
DescriptionSingle-Family Residential
JurisdictionCity of Ann Arbor
Assessor useResidential
Current useResidential
SetbacksFront 25', side 5', rear 30'

Research-indicated uses

  • Single Family
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$56,914
Assessed improvements$78,886
Total assessed$135,800
Assessment year2025
Annual property tax$8,719
Tax year2025

Sale history

2023-10-31$233,900 · $213/SF
2024-08-28$369,000 · $336/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,200/mo
Property address2906 Sharon Dr, Ann Arbor, MI 48108
2 bed1 bath1,099 sq ft$2/SF
Leased Oct 17, 2024
Subject difference
  • Same living area
Research comparison noteSame property listed for rent in 2024
Research findings & due diligence

What the research supports — and what is still worth verifying.

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)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify renovation permits were properly pulled
  • Confirm zoning restrictions and allowable uses
  • Professional home inspection
  • Roof condition assessment
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Compass listing for 2906 Sharon DriveView source
2
Zillow listing for 2906 Sharon DriveView source
3
City of Ann Arbor Assessor's OfficeView source
4
Realtor.com listing for 2910 Sharon DriveView source
5
Compass listing for 2926 Sharon DriveView source
6
Compass listing for 2916 Sharon DriveView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.