NOT LISTED FOR SALE

2565 N Prospect Rd Ypsilanti, MI 48198

Estimated Value: $571,114 - $606,000

3 Beds
2 Baths
1,638 Sq Ft
$363/Sq Ft Est. Value

Last Sold March 06, 2012

Last sale price $175,000 $107 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $3,603/month

160 Days on Market

Highlights

  • 5.4 Acre Lot
  • Pole Barn
  • No HOA
  • Deck
  • 2 Fireplaces
  • Porch

About This Home

As of March 2012

Country Farm Just Minutes From Depot Town. What A Great Opportunity To Own 5+ Acres And A 3-bed/2-bath Ranch-style Home With Full Basement That's 62 Feet Long! Two Fireplaces. Attached 6-year-old Sun Room Is 17x14 And Perfect To Enjoy The Magnificent View Of Open Land And Glorious Sky. Attached Garage And Huge Pole Barn Add To The Countless Opportunities For Use. The 864-sq.-ft. Pole Barn With Cement Floor Was Built By Chelsea Lumber In 2005. Original Owner. A Little Updating And You'll Have A Perfect Home., Rec Room: Space

Last Agent to Sell the Property

Linda Lombardini

Trillium Real Estate License #6501255870 Listed on: 07/12/2011

Last Buyer's Agent

No Member

Non Member Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1968

Lot Details

  • 5.4 Acre Lot
  • Property is zoned A1, A1

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Window Treatments
  • Carpet
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Pole Barn
  • Porch

Schools

  • Adams Elementary School
  • West Middle School
  • Ypsilanti High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Hot Water Heating System
  • Well
  • Septic System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,436

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1968
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1638.0
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 2436.0
  • Tax Info:Zoning3: A1
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • General Property Info:Fireplace: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Window Treatments: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Outbuildings:Pole Barn: Yes
  • General Property Info:SqFt Above Grade: 1638.0
  • Additional Items:Carpet Floor: Yes
  • General Property Info Elementary School2: Adams
  • General Property Info High School: Ypsilanti_hs
  • General Property Info Middle School2: West_middle
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Oven, Range
  • Interior Amenities: Garage Door Opener, Eat-in Kitchen
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1638.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Fireplace:Wood Burning: Yes

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Porch(es), Deck(s)
  • List Price: 225000.0
  • Other Structures: Pole Barn
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Porch(es): Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Adams
  • High School: Ypsilanti_hs
  • Middle/Junior School: West_middle

Lot Info

  • Lot Size Acres: 5.4
  • Lot Size Area: 5.4
  • Lot Size Sq Ft: 235224.0
  • Zoning Description: A1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2436.0
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2011
Closed on
Feb 28, 2012
Sold by
Meyer Mary L and The Edward W & Mary L Meyer Tr
Bought by
Garlick Todd and Nouhan Annette
Seller's Agent
Linda Lombardini
Trillium Real Estate
Buyer's Agent
No Member
Non Member Sales
List Price
$225,000
Sold Price
$175,000
Premium/Discount to List
-$50,000
-22.22%
Current Estimated Value
$594,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,529
Avg. Annual Appreciation
9.37%
Original Mortgage
$140,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2011
Sold by
Meyer Barbara A and Bernard L & Barbara A Meyer Tr
Bought by
Meyer Mary L and Edward W & Mary L Meyer Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2005
Sold by
Meyer Edward W and Meyer Mary L
Bought by
Lakeside Oakland Development Llc
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
Garlick Todd $175,000 Title One Inc
Meyer Mary L -- None Available
Lakeside Oakland Development Llc -- Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garlick Todd $140,000
Previous Owner Meyer Mary L $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2012 03/06/12 Sold $175,000 -22.2% $107 / Sq Ft
12/19/2011 12/19/11 Pending -- -- --
07/12/2011 07/12/11 For Sale $225,000 -- $137 / Sq Ft
Source: MichRIC

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 $5,713 $224,400 $0 $0
2024 $4,081 $202,400 $0 $0
2023 $3,978 $187,900 $0 $0
2022 $5,781 $186,000 $0 $0
2021 $5,624 $176,900 $0 $0
2020 $5,568 $169,300 $0 $0
2019 $5,413 $152,000 $152,000 $0
2018 $4,819 $149,000 $42,000 $107,000
2017 $4,640 $147,500 $0 $0
2016 $3,443 $123,898 $0 $0
2015 $3,234 $123,528 $0 $0
2014 $3,234 $90,800 $0 $0
2013 -- $90,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23054548

MichRIC

APN: 10-21-400-008