NOT LISTED FOR SALE

2891 N Prospect Rd Ypsilanti, MI 48198

Estimated Value: $343,650 - $483,000

3 Beds
1 Bath
1,045 Sq Ft
$381/Sq Ft Est. Value

Last Sold November 26, 2013

Last sale price $150,000 $144 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $2,377/month

43 Days on Market

Highlights

  • 2 Acre Lot
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • No HOA
  • Eat-In Kitchen
  • 1-Story Property

About This Home

As of November 2013

Fresh Paint and New Carpet Throughout. Seller is Offering Owner Occupants a Home Warranty of Buyer's Choice Up To $500. This Property Is Eligible Under Freddie Mac First Look Initiative Through 8/28/2013.

Last Agent to Sell the Property

Randall Brookshire

Century 21 Affiliated License #6506034828 Listed on: 08/14/2013

Century 21 Affiliated

Last Buyer's Agent

Daniel Mladin

Real Estate One Inc License #6506031380

Real Estate One Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,162

Lot Details

  • 2 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,045 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,162

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 9999
  • 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: 1045.0
  • General Property Info:Main Level Laundry: Yes
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 2162.0
  • Tax Info:Zoning3: RES
  • Garage Type Attached: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Sewer:Public: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1045.0
  • Laundry Features Main Level: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Oven, Range
  • Interior Amenities: Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1045.0
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 154900.0
  • Exterior Material:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Propane, Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public Sewer
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Acres: 2.0
  • Lot Size Area: 2.0
  • Lot Size Sq Ft: 87120.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2162.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2013
Closed on
Nov 26, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vancea Claudiu and Vancea Denise
Seller's Agent
Randall Brookshire
Century 21 Affiliated
Buyer's Agent
Daniel Mladin
Real Estate One Inc
List Price
$154,900
Sold Price
$150,000
Premium/Discount to List
-$4,900
-3.16%
Current Estimated Value
$398,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,163
Avg. Annual Appreciation
8.50%
Original Mortgage
$147,283
Outstanding Balance
$110,257
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$287,906

Purchase Details

Closed on
Aug 2, 2012
Sold by
Slusher Richard Alan
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 12, 2007
Sold by
Slusher Mary Elizabeth
Bought by
Slusher Richard A and Slusher Richard Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
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
Vancea Claudiu $150,000 None Available
Federal Home Loan Mortgage Corporation $201,023 None Available
Slusher Richard A -- Metro West Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vancea Claudiu $147,283
Previous Owner Slusher Richard A $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2013 11/26/13 Sold $150,000 -3.2% $144 / Sq Ft
09/26/2013 09/26/13 Pending -- -- --
08/14/2013 08/14/13 For Sale $154,900 -- $148 / 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 $3,390 $134,000 $0 $0
2024 $2,422 $120,100 $0 $0
2023 $2,361 $109,400 $0 $0
2022 $3,422 $102,900 $0 $0
2021 $3,327 $98,400 $0 $0
2020 $3,305 $96,700 $0 $0
2019 $3,221 $85,600 $85,600 $0
2018 $2,926 $80,400 $30,000 $50,400
2017 $2,750 $79,300 $0 $0
2016 $1,900 $68,377 $0 $0
2015 $2,438 $68,173 $0 $0
2014 $2,438 $63,532 $0 $0
2013 -- $63,532 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randall Brookshire

    Seller's Agent in 2013

    Randall Brookshire

    Century 21 Affiliated

    (734) 260-0305

    1 in this area

    25 Total Sales

    Randall Brookshire
    Section Image
  • Daniel Mladin

    Buyer's Agent in 2013

    Daniel Mladin

    Real Estate One Inc

    (734) 677-4865

    30 Total Sales

    Daniel Mladin
    Section Image
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Map

Source: MichRIC

MLS Number: 23097267

MichRIC

APN: 10-21-100-005

Michigan Washtenaw County Ypsilanti 48198

2891 N Prospect Rd, Ypsilanti, MI

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