M
Seller's Agent in 2022
Martha Townsend
Realty Experts LLC
(734) 484-6600
1 in this area
37 Total Sales
507 Madison St Ypsilanti, MI 48197
Heritage Park NeighborhoodEstimated Value: $153,000 - $219,385
3
Beds
1.5
Baths
1,660
Sq Ft
$115/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Eat-In Kitchen
- Shed
- No HOA
- Living Room
- 5-minute walk to Parkridge Park
About This Home
As of November 2022Looking for a serious buyer! The property has already appraised at value and passed inspections. This 3 bedroom, 1 1/2 bath ranch home located in the City of Ypsilanti. This move in ready home has all of the bells and whistles and is perfect for a first-time buyer. All of the major upgrades have been completed. This home includes a spacious living room with plenty of natural light. It opens up to the galley kitchen which included stainless steel appliances, a new mounted vented hood, freshly painted cabinets w/ new hardware, wood countertops, and subway tiled backsplash. Both the main and basement bathrooms have been updated with new vanities, toilets, mirrors, and lighting. The half bath in the basement can be easily be converted into a full bath as the additional plumbing is already t there. Freshly painted and new flooring added throughout and in the basement. Newer furnace (2014), AC (2014), glass box basement windows (2022), water proofing system (2022), new sewer stack (2022), electrical panel and subpanel, and exterior fence. Washer and dryer included. Large backyard and great curb appeal. Minutes from local churches, schools, highways, and downtown. Property also qualifies for several down payment assistance programs.
Last Agent to Sell the Property
Realty Experts LLC Brokerage Email: reBrokerBrad@gmail.com License #6501356903 Listed on: 10/11/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,091
Year Built
- Built in 1970
Lot Details
- 6,098 Sq Ft Lot
- Back Yard Fenced
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Window Treatments
- Living Room
- Finished Basement
- Stubbed For A Bathroom
Kitchen
- Eat-In Kitchen
- Oven
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Outdoor Features
- Shed
- Storage Shed
Schools
- Estabrook Elementary School
- Ypsilanti Community Middle School
- Ypsilanti Community High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Park Ridge Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2022
Closed on
Nov 23, 2022
Sold by
Flores Arthur
Bought by
Bowers Everett
Seller's Agent
Martha Townsend
Realty Experts LLC
Buyer's Agent
Paul Lichtenberg
RE/MAX Platinum
List Price
$165,000
Sold Price
$162,000
Premium/Discount to List
-$3,000
-1.82%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,596
Avg. Annual Appreciation
7.12%
Original Mortgage
$153,900
Outstanding Balance
$149,285
Interest Rate
6.58%
Estimated Equity
$46,960
Purchase Details
Closed on
May 20, 2022
Sold by
Catherine Sanford
Bought by
Flores Arthur J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Mar 14, 2014
Closed on
Jun 12, 2014
Sold by
Fannie Mae
Bought by
Flores Arthur and Sanford Catherine
Seller's Agent
Martha Townsend
Realty Experts LLC
Buyer's Agent
No Member
Non Member Sales
List Price
$40,000
Sold Price
$37,000
Premium/Discount to List
-$3,000
-7.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.00%
Original Mortgage
$29,600
Interest Rate
4.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 4, 2013
Sold by
Smith Sherrie and Smith Michael
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Oct 20, 2006
Sold by
Baxter Claire
Bought by
Smith Michael and Smith Sherrie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 19, 2005
Sold by
Coleman Mizer S and Sanders Coleman Jeanene
Bought by
Deutsche Bank National Trust Co and Gsamp Trust 2005-Sd1 Mortgage Pass Throu
Purchase Details
Closed on
May 3, 2004
Sold by
Richardson Charlotte Denise
Bought by
Coleman Mizer S and Sanders Coleman Jeanene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bowers Everett | $162,000 | -- | |
| Flores Arthur J | -- | None Listed On Document | |
| Flores Arthur | $37,000 | Parks Title | |
| Federal National Mortgage Association | $82,666 | Old Republic Title | |
| Smith Michael | $118,000 | None Available | |
| Deutsche Bank National Trust Co | $89,352 | -- | |
| Coleman Mizer S | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bowers Everett | $153,900 | |
| Closed | Bowers Everett | $153,900 | |
| Previous Owner | Flores Arthur Joseph | $46,400 | |
| Previous Owner | Flores Arthur Joseph | $84,000 | |
| Previous Owner | Flores Arthur J | $29,600 | |
| Previous Owner | Smith Michael | $116,800 | |
| Previous Owner | Coleman Mizer S | $85,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/23/2022 11/23/22 | Sold | $162,000 | -1.8% | $98 / Sq Ft |
| 11/03/2022 11/03/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | For Sale | $165,000 | +345.9% | $99 / Sq Ft |
| 06/12/2014 06/12/14 | Sold | $37,000 | -7.5% | $39 / Sq Ft |
| 04/23/2014 04/23/14 | Pending | -- | -- | -- |
| 03/14/2014 03/14/14 | For Sale | $40,000 | -- | $42 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,559 | $70,100 | $0 | $0 |
| 2024 | $4,559 | $67,700 | $0 | $0 |
| 2023 | $3,457 | $57,300 | $0 | $0 |
| 2022 | $2,093 | $51,100 | $0 | $0 |
| 2021 | $2,064 | $44,300 | $0 | $0 |
| 2020 | $2,509 | $37,300 | $0 | $0 |
| 2019 | $2,047 | $32,300 | $32,300 | $0 |
| 2018 | $1,900 | $29,500 | $0 | $0 |
| 2017 | $1,866 | $28,000 | $0 | $0 |
| 2016 | $1,905 | $27,883 | $0 | $0 |
| 2015 | -- | $27,800 | $0 | $0 |
| 2014 | -- | $28,500 | $0 | $0 |
| 2013 | -- | $28,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Martha Townsend
-
Paul Lichtenberg
Buyer's Agent in 2022
Paul Lichtenberg
RE/MAX Michigan
(810) 923-4443
1 in this area
64 Total Sales
-
N
Buyer's Agent in 2014
No Member
Non Member Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 54636
APN: 11-37-151-005
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.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
Nearby Homes
- 485 Jefferson St
- 893 Madison St
- 739 Harriet St
- 755 1st Ave
- 845 Frederick St
- 437 Orchard St
- 492 1st Ave
- 448 S Huron St
- 469 Second Ave
- 418 S Washington St
- 315 S Adams St
- 210 S Hamilton St
- 1235 W Michigan Ave
- 111 E Ainsworth St
- 0 W Warner Ave
- 522 W Michigan Ave
- 1355 Lathers Ave
- 711 N Congress St
- 210 W Michigan Ave
- 115 College Place
- 495 Madison St
- 515 Madison St
- 485 Madison St
- 525 Madison St
- 504 Jefferson St
- 514 Jefferson St
- 494 Jefferson St
- 535 Madison St
- 484 Jefferson St
- 524 Jefferson St
- 502 Madison St
- 455 Madison St
- 474 Jefferson St
- 545 Madison St
- 494 Madison St
- 534 Jefferson St
- 512 Madison St
- 524 Madison St
- 482 Madison St
- 464 Jefferson St