NOT LISTED FOR SALE

7424 Park Terrace Ln Unit Bldg-Unit Shelby Township, MI 48317

Estimated Value: $633,000 - $646,000

4 Beds
4 Baths
2,521 Sq Ft
$254/Sq Ft Est. Value

About This Home

This home is located at 7424 Park Terrace Ln Unit Bldg-Unit, Shelby Township, MI 48317 and is currently estimated at $639,967, approximately $253 per square foot. 7424 Park Terrace Ln Unit Bldg-Unit is a home located in Macomb County with nearby schools including Wiley Elementary School, Eppler Junior High School, and Utica High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2023
Sold by
Oraha Marino and Oraha Jehan
Bought by
Demaku Alberto
Current Estimated Value
$639,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,000
Outstanding Balance
$582,451
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$57,516

Purchase Details

Closed on
Oct 30, 2020
Sold by
Oraha Marino
Bought by
Oraha Marino and Oraha Jehan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2018
Sold by
Glen Arbor Building Llc
Bought by
Bolis Eugene and Bolis Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,405
Interest Rate
4.6%
Mortgage Type
New Conventional
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
Demaku Alberto $634,000 None Listed On Document
Demaku Alberto $634,000 None Listed On Document
Oraha Marino -- University Title Agency
Oraha Marino $450,000 None Available
Bolis Eugene $409,900 Ata National Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demaku Alberto $594,000
Previous Owner Oraha Marino $427,500
Previous Owner Bolis Eugene $389,405
Source: Public Records

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 $7,903 $259,900 $0 $0
2024 $4,678 $256,900 $0 $0
2023 $3,995 $239,300 $0 $0
2022 $6,444 $214,500 $0 $0
2021 $6,268 $203,400 $0 $0
2020 $3,290 $187,100 $0 $0
2019 $5,133 $176,100 $0 $0
2018 $5,158 $135,200 $0 $0
Source: Public Records

Map

Michigan Macomb County Shelby Township 48315

7424 Park Terrace Ln Unit Bldg-Unit, Shelby Township, MI

This home is located at 7424 Park Terrace Ln Unit Bldg-Unit, Shelby Township, MI 48317 and is currently estimated at $639,967, approximately $253 per square foot. 7424 Park Terrace Ln Unit Bldg-Unit is a home located in Macomb County with nearby schools including Wiley Elementary School, Eppler Junior High School, and Utica High 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.

Nearby Homes