NOT LISTED FOR SALE

518 Terrace Ln Unit 78 Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $167,000 - $214,000

3 Beds
1.5 Baths
1,290 Sq Ft
$175/mo HOA Fee

Last Sold January 14, 2014

Last sale price $38,000 $29 Per Sq Ft

Est. 404% increase in value since last sale

Current estimated payment $1,423/month

130 Days on Market

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of January 2014

IMMACULATE BEST DESCRIBES THIS CONDO FEATURING 3 BEDROOMS, AN OPEN FLOOR PLAN, REMODELED EAT IN KITCHEN, ALL APPLIANCES STAY, HARDWOOD FLOORS, REMODELED BATHROOM, HWH, FURNACE & CENTRAL AIR (2009), ROOF (2011), AND GREAT NEIGHBORS! YPSILANTI COMMUNITY SCHOOLS! NEW SIDING COMING SOON! LATPAO

Last Agent to Sell the Property

Sandra McKolay

Preferred, Realtors® Ltd License #6501259459 Listed on: 08/19/2013

Preferred, Realtors® Ltd

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1968 | Remodeled in 2010

Lot Details

  • Fenced

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • 2 Parking Garage Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,290 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • College Park Terrace Condo No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number K01103260078

Property Details

Home Type

Condominium

Year Built

Built in 1968 | Remodeled in 2010

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Condominium
  • Architecture Level: 2 Story
  • Year Built: 1968
  • Year Renovated: 2010
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Partially Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1890
  • Sq Ft Lower Floor: 600
  • Total Sq Ft: 1290
  • Sq Ft Total Bsmt: 650

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Fenced, Lighting
  • 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, Wall Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fee: 175
  • Association Fee: No

Schools

  • School District: Ypsilanti

Lot Info

  • Homestead: Yes
  • Parcel Number: K01103260078

Tax Info

  • Tax Amount Summer: 790.0000
  • Tax Amount Winter: 444.0000
  • Total Tax: 1234.0000

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2020
Sold by
Kasham Heyam and Kasham Shafiq
Bought by
Somers Nicholas P
Current Estimated Value
$191,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,790
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 19, 2013
Closed on
Jan 13, 2014
Sold by
Fundunburks Damion Edwara
Bought by
Kasham Heyam
Seller's Agent
Sandra McKolay
Preferred, Realtors® Ltd
List Price
$59,900
Sold Price
$38,000
Premium/Discount to List
-$21,900
-36.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%

Purchase Details

Listed on
Aug 19, 2013
Closed on
Dec 27, 2013
Sold by
Fundunburks Damion Edward and Truesdell Smith Angela Jouel
Bought by
Fundunburks Damion Edward
Seller's Agent
Sandra McKolay
Preferred, Realtors® Ltd
List Price
$59,900
Sold Price
$38,000
Premium/Discount to List
-$21,900
-36.56%

Purchase Details

Closed on
Nov 14, 2013
Sold by
Fundunburks Damion and Truesdell Smith Angela
Bought by
College Park Condominium No 1

Purchase Details

Closed on
May 11, 2009
Sold by
National City Mortgage Services Co
Bought by
Fundunburks Damion E and Truesdell Smith Angela J

Purchase Details

Closed on
Nov 1, 2007
Sold by
Singer Matthew F
Bought by
National City Mortgage Services Co

Purchase Details

Closed on
Sep 23, 2004
Sold by
Bridges Meilee D
Bought by
Singer Matthew F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.62%

Purchase Details

Closed on
Dec 21, 1993
Sold by
Angela K Foster Mayzes E
Bought by
Foster James L and Foster Betty
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
Somers Nicholas P $122,000 None Available
Kasham Heyam $38,000 Title One Inc
Fundunburks Damion Edward -- None Available
College Park Condominium No 1 $11,787 None Available
Fundunburks Damion E $30,000 Attorneys Title Agency Llc
National City Mortgage Services Co $98,873 None Available
Singer Matthew F $125,000 --
Foster James L $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Somers Nicholas P $119,790
Previous Owner Singer Matthew F $100,000
Closed Singer Matthew F $18,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2014 01/14/14 Sold $38,000 -36.6% $29 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
08/19/2013 08/19/13 For Sale $59,900 -- $46 / 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 $2,732 $71,900 $0 $0
2023 $2,542 $58,800 $0 $0
2022 $2,549 $52,300 $0 $0
2021 $3,491 $50,800 $0 $0
2020 $1,429 $41,900 $0 $0
2019 $1,429 $42,000 $42,000 $0
2018 $0 $32,800 $0 $0
2017 $1,432 $28,300 $0 $0
2016 $947 $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

  • S

    Seller's Agent in 2014

    Sandra McKolay

    Preferred, Realtors® Ltd

    (313) 506-0219

    98 Total Sales

    Sandra McKolay
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Map

Source: Realcomp

MLS Number: 213084620

Realcomp

APN: 11-03-260-078

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

518 Terrace Ln Unit 78, Ypsilanti, MI

This home is located at 518 Terrace Ln Unit 78, Ypsilanti, MI 48198 since 19 August 2013 and is currently estimated at $191,431, approximately $148 per square foot. This property was built in 1968. 518 Terrace Ln Unit 78 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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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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