$262,500
2 Bed · 1 Bath · 1,099 Sq Ft
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
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.
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.
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.
Huron High School
High
Scarlett Middle School
Middle
Mary D. Mitchell School
Elementary
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.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$250K
Midpoint
$263K
High
$275K
$239/SF estimated price per square foot
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.
Stable population with moderate income levels. Walkability Rating estimate: 65/100.
Close proximity to parks, shopping centers, and the University of Michigan campus.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$213/SF
Arm's length transaction
$336/SF
Listed for sale
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