Area Information
Lake Forest
Lake Forest
| Price Range: | $300,000 - $600,000 |
| Sqft: | 2000 - 4000 |
| City: | Ann Arbor |
| State: | Michigan |
| Zip: | 48108 |
| Ann Arbor: | Yes |
Full Details
A Manicured Community of Fine Executive Homes
Ann Arbor's Lake Forest subdivision is a community of impressive, executive homes in the northwest corner of Pittsfield Township. Built by a combination of custom home builders, this Ann Arbor real estate has 251 homes and offers many creative, thoughtful floor plans and luxurious extras. Residences in Lake Forest were designed for modern living with spacious and open floor plans to accommodate today's busy lifestyles. The beautiful, rolling terrain allows for many daylight and walk-out lower levels. Homes are situated on oversized lots and surrounded by 12 acres of woodlands, open space, walking paths, picnic areas, a playground, and an 8 acre private lake.
Location
Located on the south side of Ann Arbor, off Ellsworth Rd. between Lohr and Maple, Lake Forest subdivision is conveniently situated close to restaurants, retail and grocery stores, expressways, recreation and several golf courses. This Pittsfield Township neighborhood is just 4 miles from downtown Ann Arbor 2 miles from Briarwood Mall and within minutes of downtown Saline. Homeowners enjoy city utilities and low Pittsfield Township taxes. Children attend the acclaimed Ann Arbor schools: Bryant-Pattengill Elementary, Tappan Middle, and Pioneer High.
Market Update for Lake Forest, Ann Arbor - May 2010
Like every other Ann Arbor neighborhood, Lake Forest has seen a decrease in value over the past several years. From 2005 to 2008, property values have dropped 17.75% when looking at price per square foot. The good news is that it appears that the market values have hit bottom and we have even seen a slight increase of 3.6% over the past 12 months.
| LAKE FOREST | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
| Units Sold | 16 | 11 | 13 | 9 | 9 | 14 |
| Avg Sales Price | $506,530 | $415,000 | $403,323 | $359,777 | $400,422 | $371,071 |
| Price/SF | $169.00 | $154.00 | $144.00 | $139.00 | $144.00 | $141.98 |
As of May 26 2010, there are 7 homes for sale in Lake Forest, ranging in price from $284,900 to $459,900 with three home being under contract. For up to date information on what's for sale or what has sold in Lake Forest, Ann Arbor, call 734-761-3060.
Having sold 5 homes in Lake Forest since December 2009, The Bouma Group is very familiar with the neighborhood. For more information about purchasing or selling a home in Lake Forest, call The Bouma Group at 734-761-3060 or email us at info@bouma.com
Amenities
- 12 acres of open space, woodlands, with walking paths, picnic areas and a playground.
- an 8 acre private lake
- City utilities
- Low Pittsfield twp taxes
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Cement drives and walkways
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Sidewalks and streetlights help make the community child friendly
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Copyright © 2010. Martin Bouma. All Rights Reserved.