2243 Old Falls Drive
Ann Arbor, MI 48103
Condominium · MLS # 81026047903 · Listing courtesy of Berkshire Hathaway Snyder & Co
About this home
SELLER TO CONSIDER ALL OFFERS! All the heavy lifting has been done - Roof to be replaced in 2028 - Seller to pay roof assessment of $22,000 in full at closing. Exterior maintenance just completed to include painting and replacement of trim boards, replaced cracked concrete slabs in driveway and rebuilt privacy wall on deck. Also private road repaved in 2024. Don't worry about the first year of monthly association fees......Seller to also pay for 1 year of Association Monthly Fees ($850/month x 12 months = $10,200) This beautifully built Heritage Falls condo offers an open floor plan and single floor living with approximately 4,000 square feet of living space and is tucked at the back of a quiet private cul-de-sac. The first-floor primary suite includes a walk-in closet, en suite bath, Jacuzzi tub, separate shower, dual vanities, and a Toto bidet toilet with a heated seat. A second bedroom also has its own full bath. The main level features a home office/study or librarywith custom built-in shelving and cabinetry, a wood-burning fireplace with gas option, laundry/mudroom, formal dining room, and a sunroom that opens to a full-size private deck with an electric awning. The updated eat-in kitchen with bar seating includes a vaulted ceiling, granite countertops, and stainless-steel appliances. The expansive finished basement includes a guest suite with a private bath, walk-in closet, and egress windows, plus fourth bedroom with egress window, a gas fireplace, a kitchenette/bar area and a spacious open area for games and entertaining. Additional highlights include ceiling fans throughout and upgrades such as a whole-house sound system, 75-gallon water heater, garage epoxy floor, and custom cabinetry and slatwall throughout the garage. Conveniently located near shopping, with easy access to I-94 and nearby walking and biking trails. Seller is offering $2,000 credit at closing for Primary Bedroom Flooring. This the largest condo(over 4,000 sq ft of finished space) in Ann Arbor priced under $700,000.
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 $650,000, or $159 per square foot, 35% below the city median, and has been on the market 64 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 $16,016 a year. A buyer who lives here would pay about $11,759 to $13,161 a year once the taxable value resets after the sale, at the 2025 homestead rate of 40.09 mills for Pittsfield Twp 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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