NOT LISTED FOR SALE

1023 Terrace Ln Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $132,000 - $210,000

3 Beds
1.5 Baths
1,820 Sq Ft
$180/mo HOA Fee

Last Sold July 15, 2015

Last sale price $60,750 $33 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $1,178/month

84 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Breakfast Area or Nook
  • Patio
  • 4-minute walk to Charles Street Tot Lot

About This Home

As of July 2015

Beautiful 3 bedroom town home at Terrace Lane. Hardwood floors have been refinished and it's been freshly painted through out. Nice half bath on main level for guests. Large living room, dining room and breakfast nook. Galley style kitchen with ample cabinet storage. Upstairs are 3 nice bedrooms and a large main bathroom with tile floor and double sinks. Conveniently located near EMU and SJMH. Easy to show!, Rec Room: Finished

Last Agent to Sell the Property

Elizabeth Harmon

Howard Hanna Real Estate License #6501379178 Listed on: 04/16/2015

Last Buyer's Agent

Elizabeth Harmon

Howard Hanna Real Estate License #6501379178 Listed on: 04/16/2015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,020

Year Built

  • Built in 1968

Lot Details

  • 871

HOA Fees

  • $180 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on lower level

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Ypsilanti Elementary And Middle School
  • Ypsilanti High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Fenced Yard

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,020

Year Built

Built in 1968

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1968
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1820.0
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1020.0
  • Tax Info:Zoning3: RM2
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceramic Floor: Yes
  • Additional Items:Wood Floor: Yes
  • General Property Info:SqFt Above Grade: 1320.0
  • Additional Items:Tile Floor: Yes
  • Laundry Features Lower Level: Yes
  • General Property Info Elementary School2: Ypsilanti
  • General Property Info High School: Ypsilanti
  • General Property Info Middle School2: Ypsilanti
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Wood Floor
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1820.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Finished SQFT: 500.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Below Grade Sq Ft: 500.0

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Fenced Back, Patio
  • List Price: 64900.0
  • Exterior Material:Vinyl Siding: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Fenced Back: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Lower Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 180.0
  • Association Info:Assoc Fee Payable: Monthly

Schools

  • Elementary School: Ypsilanti
  • High School: Ypsilanti
  • Middle/Junior School: Ypsilanti

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Size Sq Ft: 871.0
  • Zoning Description: RM2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1020.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jul 9, 2015
Sold by
Dejarnett E Ralph
Bought by
Dockery Timnah A and Dockery D
Seller's Agent
Elizabeth Harmon
Howard Hanna Real Estate
Buyer's Agent
Elizabeth Harmon
Howard Hanna Real Estate
List Price
$64,900
Sold Price
$60,750
Premium/Discount to List
-$4,150
-6.39%
Current Estimated Value
$175,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,666
Avg. Annual Appreciation
11.79%
Original Mortgage
$56,050
Outstanding Balance
$44,025
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$145,041
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dockery Timnah A $60,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dockery Timnah A $56,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2015 07/15/15 Sold $60,750 -6.4% $33 / Sq Ft
07/09/2015 07/09/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $64,900 -- $36 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $78,700 $0 $0
2024 $768 $75,600 $0 $0
2023 $705 $62,100 $0 $0
2022 $729 $55,200 $0 $0
2021 $1,168 $53,700 $0 $0
2020 $1,153 $44,100 $0 $0
2019 $1,006 $44,200 $44,200 $0
2018 $996 $34,800 $0 $0
2017 $1,009 $30,400 $0 $0
2016 $629 $21,200 $0 $0
2015 $1,020 $21,200 $0 $0
2014 $1,020 $29,200 $0 $0
2013 -- $29,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Elizabeth Harmon

    Howard Hanna Real Estate

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 44259

Southwestern Michigan Association of REALTORS®

APN: 11-03-260-021

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

1023 Terrace Ln, Ypsilanti, MI

This home is located at 1023 Terrace Ln, Ypsilanti, MI 48198 since 16 April 2015 and is currently estimated at $175,416, approximately $96 per square foot. This property was built in 1968. 1023 Terrace Ln is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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