Ann Arbor
REAL ESTATE
30 homes sold for more than $1 million… and one sold for $150k
No, that’s not a typo: Is that $150,000 sale of 2188 Hemlock Dr. for real? Was that a sale within a family? Or a vacant lot? It is, in fact, a 3-bedroom, 1-bath ranch in Arbor Oaks, one of hundreds of affordable, HUD-financed homes built around Bryant School in the early 1970s. The buyer, listed as Westlake Capital, LLC, appears to be U-M alum Loutfi Haidous. His Linked-In page says he’s a “real estate developer and entrepreneur,” so a fix-and-flip seems likely. The house last sold for $34,000 in 1989—the equivalent of about $86,000 in 2024.
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