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 Neighborhood
3
Beds
2
Baths
960
Sq Ft
6,098
Sq Ft Lot
Highlights
- No HOA
- Living Room
- Forced Air Heating and Cooling System
- Eat-In Kitchen
- Ceramic Tile Flooring
- 5-minute walk to Parkridge Park
About This Home
As of November 2022Adorable 3 bedroom 2 bath home located in the Parkridge subdivision. Laminated wood floors located in the living / dining area. Oak cabinets located in the kitchen. Huge finished basement with additional rooms for an office or play room. Full bath also located in the basement. Minutes from area churches, schools, downtown Ypsilanti and I-94 highway. This is a Fannie Mae HomePath property. Purchase this property for as little as 5% down. This property is approved for HomePath Renovation Mortgage and HomePath Mortgage financing.
Last Agent to Sell the Property
Realty Experts LLC License #6501356903 Listed on: 03/14/2014
Last Buyer's Agent
No Member
Non Member Sales
Home Details
Home Type
- Single Family
Year Built
- Built in 1970
Lot Details
- 6,098 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 960 Sq Ft Home
- 1-Story Property
- Living Room
- Eat-In Kitchen
- Laundry on lower level
- Finished Basement
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
Listing and Financial Details
- REO, home is currently bank or lender owned
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
7.14%
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
16.02%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $162,000 | -- | |
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $37,000 | Parks Title | |
| Deed In Lieu Of Foreclosure | $82,666 | Old Republic Title | |
| Warranty Deed | $118,000 | None Available | |
| Sheriffs Deed | $89,352 | -- | |
| Warranty Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $153,900 | No Value Available | |
| Closed | $153,900 | New Conventional | |
| Previous Owner | $46,400 | Credit Line Revolving | |
| Previous Owner | $84,000 | Commercial | |
| Previous Owner | $29,600 | New Conventional | |
| Previous Owner | $116,800 | Purchase Money Mortgage | |
| Previous Owner | $85,000 | Purchase Money Mortgage |
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: 23059054
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
- 448 S Huron St
- 437 Orchard St
- 418 S Washington St
- 492 1st Ave
- 469 Second Ave
- 315 S Adams St
- 210 S Hamilton St
- 111 E Ainsworth St
- 1235 W Michigan Ave
- 522 W Michigan Ave
- 0 W Warner Ave
- 711 N Congress St
- 1355 Lathers Ave
- 210 W Michigan Ave
- 115 College Place