Chapel Hill Condos, Ann Arbor Real Estate Report

Real Estate Report – June 2011

Chapel Hill Condos are located on the northeast side of Ann Arbor and is a large community of townhome and ranch style units. These very popular Ann Arbor Condos offer residents a clubhouse, in-ground pool, exercise facility, and multiple parks. There are currently 4 condos listed for sale and 2 listed for rent. So far this year, 10 condos have sold and 3 have been rented.

Condos Listed:

• $78,000. 846 square feet with 2 bedrooms and 1 bath.
• $104,000. 846 square feet with 2 bedrooms and 1 bath.
• $127,000. 1280 square feet with 2 bedrooms and 2.1 baths.
• $137,500. 1401 sf +500 in finished lower level, 3 bedrooms and 2.1 baths.

Condos for Rent:

• $1200/month. 1140 square feet with 3 bedrooms and 1.1 baths.
• $1250/month. 1430 square feet with 2 bedrooms and 2.1 baths.

Sold Condos:

• $90,000. 1210 square feet with 2 bedrooms and 1.1 baths. Sold by The Bouma Group
• $104,000. 1280 square feet with 3 bedrooms and 2.1 baths. Foreclosure
• $110,600. 1401 square feet with 3 bedrooms and 1.1 baths. Foreclosure
• $112,000. 1280 square feet with 2 bedrooms and 2.1 baths.
• $115,000. 1280 square feet with 3 bedrooms and 2.1 baths.
• $116,000. 1280 square feet with 2 bedrooms and 2.1 baths.
• $120,000. 1074 sf +700 in finished lower level, 2 bedrooms and 2 baths. Sold by The Bouma Group
• $122,500. 1188 square feet with 2 bedrooms and 1.1 baths.
• $123,800. 1430 square feet with 2 bedrooms and 2.1 baths.
• $125,000. 1280 square feet with 2 bedrooms and 2.1 baths.

Condos Rented:

• $1050/month. 1138 square feet with 2 bedrooms and 1.1 baths.
• $1125/month. 1280 square feet with 2 bedrooms and 2.1 baths.
• $1150/month. 1138 square feet with 2 bedrooms and 1.1 baths.

Last year at Chapel Hill, 10 condos sold with an average sales price of $113,031 and average price per square foot of $92.71. 11 condos were rented and ranged in price from $975-$1200/month. With Ann Arbor condo prices at an all time low, this is the perfect time to purchase! If you’ve been thinking of buying or would like to know more about the great deals out there, contact us today at 734-761-3060 or info@bouma.com. And for instant active and sold information, be sure to visit the Ann Arbor Condo Hotline!