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315 2nd St APT 203, Ann Arbor, MI, 48103

1beds
2baths
888sqft
$450,000
$507price/sqft
$3,131/moest. monthly cost
$125,240/yrincome needed

About This Home

Sun-drenched industrial loft in a converted factory, featuring soaring exposed concrete ceilings and dramatic south-facing windows. This sophisticated 1-bedroom residence offers a rare blend of architectural character and refined urban living in the heart of Ann Arbor, just steps from downtown. The open-concept layout is both striking and functional, complemented by a well-appointed full bath and a sleek half bath for guests. Premium conveniences include a dedicated outdoor parking space and private storage locker. Located within a highly sought-after building, this residence delivers a distinctive, design-forward lifestyle within walking distance of Ann Arbor's top dining, boutiques, and cultural destinations.

Getting Around

99
WalkingWalker's Paradise
68
TransitGood Transit
88
BikeVery Bikeable

Schools

8/10
Bach Elementary SchoolGrades K-50.2 mi
9/10
Slauson Middle SchoolGrades 6-80.5 mi
9/10
Pioneer High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Slab
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Architectural style: Contemporary
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free Standing Gas Range,Free Standing Refrigerator,Microwave

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • High Speed Internet
  • Fireplace features: Gas,Great Room
  • Fireplace: Yes
  • Finished area above ground: 888

Great Room

  • Level: Entry
  • Area: 264
  • Dimensions: 22 X 12

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 888 sqft

Kitchen

  • Level: Entry
  • Area: 90
  • Dimensions: 10 X 9

Mud Room

  • Level: Entry
  • Area: 30
  • Dimensions: 6 X 5

Other

  • Level: Entry

Primary Bathroom

  • Level: Entry

Primary Bedroom

  • Level: Entry
  • Area: 180
  • Dimensions: 15 X 12

Property

Details

  • Parcel number: 090929301075
  • Special condition: Short Sale No,Standard
  • Other equipment: Intercom

Features

  • Levels: One
  • Stories: 1
  • Entry location: UpperLevelwElevator
  • Exterior features: Balcony

Lot

  • Features: Sprinklers

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Ice Storm
Lightning
Strong Wind

FEMA Declared Disasters in Washtenaw County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$121$1,452
Property Taxes $547$6,564
Electricity $188$2,259
Total$3,131$37,572
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$107,348/yr
40% on housing$93,930/yr
45% on housing$83,493/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$507This listing

vs Other Active Listings

Avg $/sqft

ZIP 48103$264
Washtenaw County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 48103$275
Washtenaw County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listed for sale$524,000
2021-03-24Listing removed--
2018-06-19Listing removed$2,400
2018-05-28Price change$2,400
2018-05-24Listed for rent$2,700
2018-03-04Listing removed$2,700
2018-02-24Price change$2,700
2018-01-02Price change$2,600
2017-12-01Listed for rent$2,250
2017-11-15Sold$372,000
2017-11-06Pending sale$387,500
2017-10-14Listing removed$2,200
2017-10-02Listed for rent$2,200
2017-08-24Price change$387,500
2017-06-23Price change$400,000
2017-05-25Price change$419,900
2017-03-08Listed for sale$439,900
2015-08-04Sold$407,000
2015-08-03Pending sale$409,000
2015-08-03Listed for sale$409,000
2015-04-09Listing removed$2,700
2015-03-22Listed for rent$2,700
2011-06-08Sold$250,000
2010-10-30Price change$275,000
2010-10-11Listed for sale$285,000

For Sale by Agent

AgentMelissa A Socha
BrokerageModern Way Realty LLC

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