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    1245 Island Drive Ct, Unit 102 Ann Arbor, MI 48105

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    For Sale
    $174,900

    Affordable studio near U of M, Kerrytown, and downtown.

    Property size:
    458 SF

    Property Features for 1245 Island Drive Ct

    General Information

    Size
    458 SF

    Building Details

    Year built
    1964

    Source: Keller Williams Realty Ann Arbor Market Center Agent Andrew Piper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rare River House Studio Condo

    This is a studio condo situated in a river house setting, offering affordable housing within walking distance of the U of M medical campus, Kerrytown, and downtown Ann Arbor. The unit is located on the first level and features a private back porch with a wooded view. It includes hot water heat and window A/C. One surface parking space is included. The property features well-maintained grounds with a large in-ground pool adjacent to the building, as well as a locked laundry room and storage area. The condo is located in a natural setting on the Huron River. The property has a size of 458 square feet and immediate occupancy is available.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.733168
    Latitude
    42.290671

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    FAQs

    What type of property is this?
    Single family property - Affordable studio near U of M, Kerrytown, and downtown.
    Where is this single family property located?
    The property is located at 1245 Island Drive Ct, Unit 102 Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: - Walkable to U of M medical campus, Kerrytown, and downtown Ann Arbor.; - Rare river house studio condo on the Huron River.; - Includes access to a large in-ground pool.
    (734) 237-6901
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1245 Island Drive Ct, Unit 102 Ann Arbor, MI 48105
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