520 Spring Street
Ann Arbor, MI 48103
Single Family Residence · MLS # 81026058952 · Listing courtesy of The Charles Reinhart Company
About this home
Welcome to this exceptional new construction in Ann Arbor's coveted Water Hill neighborhood, just a few blocks from Kerrytown, the Farmers Market and downtown. Built with designer materials and meticulous craftsmanship, the home has refined finishes at every turn, with designer lighting and custom millwork throughout. It also offers generous space for multigenerational living.A large covered front porch sets the tone for relaxed evenings. Inside, the elegant living room is anchored by a gas fireplace. The nearby office is finished with custom woodwork and large windows that bring in beautiful natural light. Rich hardwood floors flow throughout the first and second levels.At the heart of the home, the chef's kitchen pairs custom Shaker-style cabinetry with a full suite of Thermador appliances, a gas stove with a custom-built hood and gorgeous quartz countertops. An oversized island works for both entertaining and casual dining. A walk-in pantry with custom cabinetry adds storage,and the spacious dining room is right next to the kitchen for easy hosting. The kitchen opens to a light-filled family room with vaulted ceilings and walls of windows. A doorwall leads to an elevated Trex deck overlooking the backyard. A powder room with custom wallpaper, designer lighting and tile floors completes the main level. Upstairs, the expansive primary suite is a private retreat. Its spa-inspired bath has double vanities, a soaking tub and a large tiled walk-in shower. The suite's generous walk-in closet comes with an $8,000 seller credit so you can design it to your exact taste. Two more spacious bedrooms share an elegant bath with double vanities, custom built in shelving and a tiled shower. A second-floor laundry room adds everyday convenience. The fully finished walkout lower level is ideal for extended family or guests. It has two bedrooms, a full bath and a comfortable living room. The kitchenette has custom cabinetry, a bar refrigerator and a microwave; it's also plumbed for a gas cooktop. A private finished room just of
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 $1,895,000, or $521 per square foot, 114% above the city median, and has been on the market 5 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 $13,950 a year. A buyer who lives here would pay about $10,420 to $50,400 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 when listed. Ask us for a lender quote.
Location
Similar homes in Ann Arbor
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