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.
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.
See the properties helping shape the valuation.
Comparable sales
- 211 SF smaller
- 1 additional bathroom
- Similar lot size
- 32 years newer
- 175 SF smaller
- 1 additional bedroom
- Similar lot size
- 6 years older
- 230 SF smaller
- Similar lot size
- 3 years newer
A 1926 bungalow on 0.26 acres.
Building
Site & utilities
Springwater Subdivision No. 2
Researched nearby locations
Location
2906 Sharon Drive, Ann Arbor, MI 48108, USA
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.
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.
A factual market snapshot around 2906 Sharon Drive.
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.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- Same living area
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
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.