1021 Maiden Lane
Ann Arbor, MI 48105
Condominium · MLS # 81026057890 · Listing courtesy of The Charles Reinhart Company
About this home
Seller is offering a land contract for $415,000 purchase price, 5.5% interest amortized on 30-year term and 2 year balloon payment, for buyer with minimum of 780 credit score, and down payment of $45,000 with closing by end of the year. Principle and Interest payments would be approx $2,218. Situated in the desirable community of Nielsen Square, this move-in ready condo places you just a 5-minute walk from the medical campus, hospital, and Huron River, and a 10-minute walk to Central Campus and vibrant Kerrytown. Step inside to an inviting open floor plan accented by stylish, durable wood-look flooring (2015) and a dedicated dining space. The refreshed kitchen boasts a brand-new SS refrigerator and electric stove/oven (July 2026), alongside a new sink and garbage disposal (July 2026). The spacious primary bedroom features a private balcony overlooking the community grounds. A comfortably sized second bedroom sits next to the full bath, which features a new tub surround (2024).Downstairs, discover an exceptional finished bonus den complete with a half bath with new flooring (Aug 2026)???ideal for a home office, media room, or study space. Convenient attached 1-car garage offering direct entry or extra storage options. This condo has many recent updates: full interior paint covering all ceilings, walls, trim, and doors (August 2026), brand-new carpet installed throughout main level (July 2026), updated vinyl flooring in the half bath (August 2026), and new window blinds throughout, new central AC unit (2025). This turnkey home combines improvements, fresh cosmetic updates, and an unbeatable walkable location. Wonderful rental potential as well! Has a current CofO with City of Ann Arbor until Sept. 2027. Seller to pay assessment that is due by Dec. 31st. Assessment for fire suppression system upgrades and new roofs. Monthly HOA is $262. HOA is also replacing the entire front porch and stairs in 2027.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ann Arbor
Over the last 90 days, 328 homes sold in Ann Arbor for a median of $469,500, about $244 per square foot, and the typical one went under contract in 18 days. This home is listed at $415,000, or $335 per square foot, 37% above the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ann Arbor sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $10,091 a year. A buyer who lives here would pay about $7,768 to $11,037 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.67 mills for Ann Arbor City and Ann Arbor schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Ann Arbor
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