NOT LISTED FOR SALE

524 Terrace Ln E Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $169,000 - $200,000

2 Beds
2 Baths
1,576 Sq Ft
$180/mo HOA Fee

Last Sold March 09, 2017

Last sale price $85,000 $54 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,236/month

140 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Home Security System
  • Porch
  • Living Room
  • Forced Air Heating and Cooling System

About This Home

As of March 2017

Extremely Rare Opportunity to Purchase a 2 Bedroom, 2 Bath Ranch End Unit Condo in College Park Condo Neighborhood. Features include Updated Kitchen with 42 Cabinets & SS Refrigerator & Huge Pantry & Tile Backsplash, Large Living Room with Hardwood Floor, Formal Dining Room Area with Hardwood, Light Filled Foyer with Gorgeous Newer Front Door & Side Lights & Laminate Floor, Remodeled Main Bath with Tile Floor, Spacious Master Bedroom with 8 Foot Closet, Partially Finished Basement with Study & Full Bath, Private Patio, Central Air. Security System, Access for Disabled. Many raspberry, strawberry and blackberry plants in garden.

Last Agent to Sell the Property

David Mueller

Real Broker Ann Arbor License #6506049243 Listed on: 10/17/2016

Real Broker Ann Arbor

Last Buyer's Agent

David Mueller

Keller Williams Ann Arbor Mrkt

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $990

Year Built

  • Built in 1968

Lot Details

  • Property fronts a private road
  • Back Yard Fenced

HOA Fees

  • $180 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Living Room
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Laundry on lower level

Kitchen

  • Oven
  • Range
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Utilities

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

Community Details

  • Association fees include trash, snow removal, lawn/yard care

Property Details

Home Type

Condominium

Est. Annual Taxes

$990

Year Built

Built in 1968

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1968
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1576.0
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 990.0
  • Tax Info:Zoning3: RM2
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Window Treatments: Yes
  • General Property Info:SqFt Above Grade: 1176.0
  • Laundry Features Lower Level: Yes
  • General Property Info Garage YN: No
  • Flooring:Wood Floor: Yes
  • Architectural Style:Ranch: Yes
  • Flooring:Laminate Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Security Features:Security System: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Oven, Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Tile, Wood
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1576.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 400.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Below Grade Sq Ft: 400.0

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Fencing: Fenced Back
  • List Price: 89800.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Patio, Porch(es)
  • Road Frontage Type: Private Road
  • Exterior Material:Vinyl Siding: Yes
  • Exterior Material:Brick: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Lower Level
  • Security Features: Security System
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 180.0
  • Association Info:Assoc Fee Payable: Monthly

Fee Information

  • Association Fee Includes: Trash, Snow Removal, Lawn/Yard Care

Lot Info

  • Zoning Description: RM2

Tax Info

  • Tax Annual Amount: 990.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2016
Closed on
Mar 9, 2017
Sold by
Hartsell Hugh G and Hartsell Audrey L
Bought by
Stewart Charles E and Stewart Ryan M
Seller's Agent
David Mueller
Real Broker Ann Arbor
Buyer's Agent
David Mueller
Real Broker Ann Arbor
List Price
$99,800
Sold Price
$85,000
Premium/Discount to List
-$14,800
-14.83%
Current Estimated Value
$180,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,808
Avg. Annual Appreciation
8.11%
Original Mortgage
$80,750
Interest Rate
4.17%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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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
Stewart Charles E $85,000 Livingston Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Ryan M $83,500
Closed Stewart Ryan M $80,750
Open Stewart Charles E $302,859
Previous Owner Hartsell Hugh G $48,800
Previous Owner Hartsell Hugh G $50,600
Previous Owner Hartsell Hugh G $54,500
Previous Owner Hartsell Hugh G $31,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2017 03/09/17 Sold $85,000 -14.8% $54 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
10/17/2016 10/17/16 For Sale $99,800 -- $63 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 -- $76,800 $0 $0
2024 $1,210 $73,700 $0 $0
2023 $1,110 $60,600 $0 $0
2022 $1,149 $53,900 $0 $0
2021 $1,839 $52,400 $0 $0
2020 $1,816 $43,200 $0 $0
2019 $700 $43,300 $43,300 $0
2018 $0 $34,400 $0 $0
2017 $995 $30,000 $0 $0
2016 $620 $20,900 $0 $0
2015 $1,011 $20,900 $0 $0
2014 $1,011 $26,800 $0 $0
2013 -- $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Mueller

    Seller's Agent in 2017

    David Mueller

    Real Broker Ann Arbor

    (734) 646-1257

    6 in this area

    441 Total Sales

    David Mueller
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23108583

Southwestern Michigan Association of REALTORS®

APN: 11-03-260-075

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

524 Terrace Ln E, Ypsilanti, MI

This home is located at 524 Terrace Ln E, Ypsilanti, MI 48198 since 17 October 2016 and is currently estimated at $180,808, approximately $114 per square foot. This property was built in 1968. 524 Terrace Ln E is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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