NOT LISTED FOR SALE

586 Terrace Ln Unit L54 Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $172,000 - $177,000

2 Beds
1.5 Baths
1,432 Sq Ft
1968 Built

Highlights

  • Bathroom on Main Level
  • Heating System Uses Natural Gas
  • 4-minute walk to Charles Street Tot Lot
  • Central Air

About This Home

As of July 2016

Lovely condo located in a quiet complex on Ypsi's East Side. Features 2 beds, 1 1/2 bath, full basement, own private patio. Eat in kitchen and combo dining room. Freshly painted and ready to move in. Stove refrigerator, disposal, washer and dryer. Newer windows, heat and air make for manageable utilities. Close to depot town, EMU and St. Jo. Don't miss this one.

Last Agent to Rent the Property

Mary Hettinger

Keller Williams Ann Arbor Mrkt License #6501271950 Listed on: 07/22/2016

Keller Williams Ann Arbor Mrkt

Last Renter's Agent

Mary Hettinger

Keller Williams Ann Arbor Mrkt License #6501271950 Listed on: 07/22/2016

Keller Williams Ann Arbor Mrkt

Condo Details

Home Type

  • Condominium

Year Built

  • 1968

Parking

  • 2 Parking Garage Spaces

Interior Spaces

  • 1,432 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable/satellite, electricitiy, heat, sewer, snow removal, water

Condo Details

Home Type

Condominium

Year Built

1968

Lot Details

0

Rental Info

  • Tenant Pays: Cable/Satellite, Electricitiy, Heat, Sewer, Snow Removal, Water

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential Lease
  • Stories: 2
  • ResoPropertyType: ResidentialLease
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1432.0
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Air Conditioning:Central Air2: Yes
  • General Property Info:_pound_ of Assigned Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1968

Interior Features

  • Appliances: Dryer, Disposal, Refrigerator, Washer
  • Accessibility Features: Main Floor Bath
  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1432.0
  • General Property Info:Stories2: 2.0
  • Appliances Provided:Disposal2: Yes
  • Appliances Provided:Dryer2: Yes
  • Appliances Provided:Refrigerator2: Yes
  • Appliances Provided:Washer2: Yes
  • Access Feat Avail:Main Floor Bath: Yes

Exterior Features

  • List Price: 1000.0

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes

Association/Amenities

  • Other Amenities:Sidewalk2: Yes

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Salas Jhonny and Trent Shanda
Bought by
Trent Shanda and Trent Randy
Current Estimated Value
$173,903

Purchase Details

Closed on
Sep 6, 2017
Sold by
Parin Patricia L
Bought by
Salas Jhonny

Purchase Details

Closed on
May 15, 2013
Sold by
Parin Patricia L
Bought by
Parin Brian P

Purchase Details

Closed on
Apr 14, 2006
Sold by
Pasquale Richard J and Pasquale Joan T
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
$86,000
Interest Rate
6.42%

Purchase Details

Closed on
Jun 1, 2004
Sold by
Pasquale Richard J and Pasquale Joan T
Bought by
Parin Patricia L

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
6.5%
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
Trent Shanda $175,000 Preferred Title
Trent Shanda $175,000 Preferred Title
Salas Jhonny $87,000 None Available
Parin Brian P -- None Available
Parin Patricia $124,000 Central Title & Metropolitan
Parin Patricia L $124,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parin Patricia $86,000
Previous Owner Parin Patricia L $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2016 07/31/16 Rented $1,000 0.0% --
07/28/2016 07/28/16 Under Contract -- -- --
07/22/2016 07/22/16 For Rent $1,000 -- --
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 -- $74,400 $0 $0
2024 -- $71,200 $0 $0
2023 -- $58,300 $0 $0
2022 $0 $51,800 $0 $0
2021 $1,286 $50,300 $0 $0
2020 $1,286 $41,700 $0 $0
2019 $1,286 $41,800 $41,800 $0
2018 $0 $32,500 $0 $0
2017 $1,289 $28,000 $0 $0
2016 $937 $19,600 $0 $0
2015 $1,344 $19,600 $0 $0
2014 $1,344 $27,600 $0 $0
2013 -- $27,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2016

    Mary Hettinger

    Keller Williams Ann Arbor Mrkt

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23038316

Southwestern Michigan Association of REALTORS®

APN: 11-03-260-054

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

586 Terrace Ln Unit L54, Ypsilanti, MI

This home is located at 586 Terrace Ln Unit L54, Ypsilanti, MI 48198 since 22 July 2016 and is currently priced at $173,903. This property was built in 1968. 586 Terrace Ln Unit L54 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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Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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