Price: $480,000
Bedrooms: 4
Baths: 3
Square feet: 3,100
Property size: 2.21 acres
Annual taxes: $7,124
List date: 4/11/07
Amenities: Set 300 feet back from the road, offering quiet and privacy. Features skylights,arch openings, hickory floors, and a luxury master suite.
Despite its frigid winters, Ann Arbor is an increasingly popular choice for retirees. Known for its world-class health care, the city has one of the highest doctor-to-patient ratios in the nation, boasting 815 physicians for every 100,000 residents. (The national average is 170 doctors for every 100,000 people.)
Life in a college town has its advantages: University of Michigan faculty and students make up 40% of the city's total population, but the over-60 set are often spotted at free lectures and concerts on campus. The university also makes Ann Arbor's economy much more stable than nearby Detroit's. Real estate has stabilized too: The median home price has plunged 32% from its peak, and Moody's Analytics predicts that prices will fall only another 7%. Hardy Ann Arbor retirees can take advantage of nearby cross-country and downhill skiing. And if the weather gets too extreme, they can drive just 30 miles east to the Detroit Metro Airport, where flights to Jamaica depart daily.
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