NOT LISTED FOR SALE

514 Terrace Ln Unit R80 Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $167,000 - $224,000

2 Beds
2.5 Baths
1,276 Sq Ft
$156/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $122,000 $96 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,375/month

12 Days on Market

About This Home

As of September 2019

Welcome Home! This meticulously maintained move-in ready condo is just awaiting your personal touches. You won't want to miss these gorgeous hardwood floors, tall ceilings and spacious bedrooms, each with an en suite bath! New windows in 2019, new exterior door in 2017, new washer and dryer in 2017, and new glass block windows in 2017. HOA fees do NOT include water. HOA covers exterior maintenance, fencing, snow removal and ground maintenance in the common areas. Owner maintains their own front patio/yard maintenance and private walk to the door. Bathroom shelving is NOT attached to the home and is excluded from sale. Unit has 2 assigned parking spaces, directly in front of the home.

Last Agent to Sell the Property

Tonya Shoults

RE/MAX Platinum License #6501390615 Listed on: 07/29/2019

RE/MAX Platinum

Co-Listed By

Tyler Stipe

RE/MAX Platinum License #6501379047

Last Buyer's Agent

Tami Simpson

Howard Hanna License #6501399521

Howard Hanna

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1976

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Parking Garage Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,276 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number K01103260080
  • $1,500 Seller Concession

Community Details

Overview

  • College Park Terrace Condo No 1 Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Year Built

Built in 1976

Lot Details

0

HOA Fees

$195 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Year Built: 1976
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1276
  • Total Sq Ft: 1276
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exclusions: Yes
  • Foundation Materials: Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage
  • Garage Features: 2+ Assigned Spaces

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fee: 195
  • Association Fee: Yes

Schools

  • School District: Ypsilanti

Lot Info

  • Homestead: Yes
  • Parcel Number: K01103260080

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2019
Closed on
Sep 18, 2019
Sold by
Kinstle Caroline M and Kinstle Laura
Bought by
Rooney Elizabeth Grace
Seller's Agent
Tonya Shoults
RE/MAX Platinum
Buyer's Agent
Tami Simpson
Howard Hanna
List Price
$125,000
Sold Price
$122,000
Premium/Discount to List
-$3,000
-2.4%
Current Estimated Value
$199,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,334
Avg. Annual Appreciation
6.53%
Original Mortgage
$97,600
Outstanding Balance
$86,048
Interest Rate
3.6%
Estimated Equity
$92,107

Purchase Details

Listed on
Jun 7, 2017
Closed on
Jul 14, 2017
Sold by
Mccullough Joshua and Mccullough Karen
Bought by
Kinstle Caroline M
Seller's Agent
Daniel DeCapua
RE/MAX Platinum
Buyer's Agent
Daniel DeCapua
RE/MAX Platinum
List Price
$99,900
Sold Price
$97,000
Premium/Discount to List
-$2,900
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%
Original Mortgage
$88,270
Interest Rate
3.89%

Purchase Details

Closed on
Aug 27, 2010
Sold by
Mccullough Joshua
Bought by
Mccullough Joshua and Mccullough Karen

Purchase Details

Closed on
Jul 8, 2005
Sold by
Frederick Joel J and Frederick Sheila R
Bought by
Mccullough Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,210
Interest Rate
5.68%

Purchase Details

Closed on
Jan 7, 1998
Sold by
Bernard Anne E C
Bought by
Frederick Joel J and Frederick Sheila R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,750
Interest Rate
7.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rooney Elizabeth Grace $122,000 Select Title Co
Kinstle Caroline M $97,000 None Available
Mccullough Joshua -- None Available
Mccullough Joshua $126,900 American Title Co Livingston
Frederick Joel J $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rooney Elizabeth Grace $97,600
Previous Owner Kinstle Caroline M $88,270
Previous Owner Mccullough Joshua $114,210
Previous Owner Frederick Joel J $58,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2019 09/18/19 Sold $122,000 -2.4% $96 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $125,000 +28.9% $98 / Sq Ft
07/14/2017 07/14/17 Sold $97,000 -2.9% $51 / Sq Ft
07/11/2017 07/11/17 Pending -- -- --
06/07/2017 06/07/17 For Sale $99,900 -- $52 / Sq Ft
Source: Realcomp

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 -- $75,000 $0 $0
2024 $1,413 $71,900 $0 $0
2023 -- $58,800 $0 $0
2022 $0 $52,300 $0 $0
2021 $939 $50,800 $0 $0
2020 $939 $41,900 $0 $0
2019 $939 $42,000 $42,000 $0
2018 $0 $32,800 $0 $0
2017 $942 $28,300 $0 $0
2016 $587 $19,800 $0 $0
2015 $966 $19,800 $0 $0
2014 $966 $27,400 $0 $0
2013 -- $27,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tonya Shoults

    RE/MAX Michigan

    Section Image

  • T

    Seller Co-Listing Agent in 2019

    Tyler Stipe

    RE/MAX Michigan

    Section Image
  • Tami Simpson

    Buyer's Agent in 2019

    Tami Simpson

    Howard Hanna

    (313) 989-6903

    84 Total Sales

    Tami Simpson
    Section Image
  • Daniel DeCapua

    Seller's Agent in 2017

    Daniel DeCapua

    RE/MAX Michigan

    (734) 730-7061

    2 in this area

    505 Total Sales

    Daniel DeCapua
    Section Image
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Map

Source: Realcomp

MLS Number: 219075353

Realcomp

APN: 11-03-260-080

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

514 Terrace Ln Unit R80, Ypsilanti, MI

This home is located at 514 Terrace Ln Unit R80, Ypsilanti, MI 48198 since 29 July 2019 and is currently estimated at $199,334, approximately $156 per square foot. This property was built in 1976. 514 Terrace Ln Unit R80 is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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