NOT LISTED FOR SALE

532 Terrace Ln N Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $164,000 - $205,000

2 Beds
2.5 Baths
1,330 Sq Ft
$138/Sq Ft Est. Value

Last Sold June 19, 2024

Last sale price $175,000 $132 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,404/month

5 Days on Market

Highlights

  • Breakfast Area or Nook
  • Patio
  • Ceramic Tile Flooring
  • Humidifier
  • Living Room
  • 5-minute walk to Charles Street Tot Lot

About This Home

As of June 2024

Highest and Best Due 8pm, May 6th! Welcome to this beautiful, low maintenance townhome, located on the edge of bustling Ypsilanti. With fresh paint touchups and cleaned carpet, this updated condo is ready to be occupied immediately! Its kitchen and baths have been remodeled within the last 10 years, and it has a newer furnace, and Wallside windows. There is opportunity to add value by finishing the very clean basement. With the low HOA and 2 bedroom suites, this is an excellent value for having a housemate!

Last Agent to Sell the Property

Darin Mcleskey

Denovo Real Estate License #6502404119 Listed on: 05/03/2024

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $944

Year Built

  • Built in 1968

Lot Details

  • 655 Sq Ft Lot
  • Property fronts a private road
  • Decorative Fence
  • Back Yard Fenced

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • Additional Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,330 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Replacement Windows
  • Low Emissivity Windows
  • Living Room

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Natural lighting in basement

Outdoor Features

  • Patio

Utilities

  • Humidifier
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association Phone (734) 665-5552
  • Property is near a preserve or public land

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$944

Year Built

Built in 1968

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1968
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Condo
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1330.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 944.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Windows:Low Emissivity Windows: Yes
  • Additional Items:Ceiling Fans: Yes
  • Roofing:Shingle: Yes
  • Additional Items:Humidifier: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Daylight: Yes
  • Landscape:Decor Fence: Yes
  • Roofing:Asphalt2: Yes
  • Lot Description:Adj to Public Land: Yes
  • General Property Info:SqFt Above Grade: 1330.0
  • Laundry Features In Basement: Yes
  • General Property Info Garage YN: No
  • Flooring:Carpet Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Ceramic Floor: Yes
  • Architectural Style Townhouse: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Humidifier, Oven, Range, Refrigerator
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Broadband
  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Daylight, Full
  • LivingArea: 1330.0
  • Window Features: Low-Emissivity Windows, Replacement
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 665.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Fencing: Fenced Back
  • List Price: 159000.0
  • Lot Features: Site Condo, Adj to Public Land
  • Patio and Porch Features: Patio
  • Road Frontage Type: Private Road
  • Roof: Asphalt, Shingle
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Features: Additional Parking
  • Parking Features:Additional Parking: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, In Unit
  • Sewer: Public
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 220.0
  • Association Fee Frequency: Monthly
  • Association Phone: 734-665-5552
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 220.0
  • Association Info:Assoc Fee Payable: Monthly
  • Association Info:Association Phone: (734) 665-5552

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Dimensions: Condo
  • Lot Size Sq Ft: 655.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 944.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jun 19, 2024
Sold by
Daoud Mikael
Bought by
Nguyen Ngoc Thi Kim
Seller's Agent
Darin Mcleskey
Denovo Real Estate
List Price
$159,000
Sold Price
$175,000
Premium/Discount to List
$16,000
10.06%
Views
49
Current Estimated Value
$183,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,905
Avg. Annual Appreciation
3.91%
Original Mortgage
$95,000
Outstanding Balance
$94,052
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$89,268

Purchase Details

Closed on
Jul 11, 2018
Sold by
Parin Patricia L
Bought by
Daoud John and Daoud Mikael

Purchase Details

Closed on
May 15, 2013
Sold by
Parin Patricia L and Parin Patricia
Bought by
Parin Patricia L and Parin Christopher M

Purchase Details

Closed on
Sep 12, 2008
Sold by
Lasalle Bank National Association
Bought by
Parin Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,400
Interest Rate
5.73%

Purchase Details

Closed on
Jul 12, 2007
Sold by
Gray Gladys M
Bought by
Lasalle Bank Na and Structured Asset Investment Loan Trust S
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nguyen Ngoc Thi Kim $175,000 First American Title
Daoud John $121,100 None Available
Parin Patricia L -- None Available
Parin Patricia $43,000 None Available
Lasalle Bank Na $100,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Ngoc Thi Kim $95,000
Previous Owner Parin Patricia $35,500
Previous Owner Parin Patricia L $34,400
Previous Owner Gray Gladys M $106,250
Closed Daoud John $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2024 06/19/24 Sold $175,000 +10.1% $132 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $159,000 -- $120 / 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 -- $75,000 $0 $0
2024 -- $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

  • Darin Mcleskey

    Seller's Agent in 2024

    Darin Mcleskey

    Denovo Real Estate

    (313) 769-8164

    1 in this area

    58 Total Sales

    Darin Mcleskey
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24021594

Southwestern Michigan Association of REALTORS®

APN: 11-03-260-072

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

532 Terrace Ln N, Ypsilanti, MI

This home is located at 532 Terrace Ln N, Ypsilanti, MI 48198 since 03 May 2024 and is currently estimated at $183,905, approximately $138 per square foot. This property was built in 1968. 532 Terrace Ln N 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes