NOT LISTED FOR SALE

7525 Terra Ln Ann Arbor, MI 48105

Estimated Value: $983,000 - $1,061,000

4 Beds
2.5 Baths
2,567 Sq Ft
$397/Sq Ft Est. Value

Last Sold September 19, 2024

Last sale price $1,025,000 $399 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,391/month

8 Days on Market

Highlights

  • 26.34 Acre Lot
  • Mud Room
  • Porch
  • Vaulted Ceiling
  • Double Oven
  • 3 Car Attached Garage

About This Home

As of September 2024

Situated on 26.34 acres this city retreat has it all. Built in 2016, this home has a spacious open floor plan with soaring vaulted ceilings in the great room, grand stone fireplace, and French doors leading to the covered back patio. Entertain in the timeless custom kitchen with solid wood cabinets, granite and quartz countertops, high end Thermador gas cooktop, stainless Frigidaire appliances and large adjacent dining room. The split bedroom floorplan offers a private master suite with dual walk in closets, oversized custom tile shower with 2 shower heads and large bench. The light and bright unfinished 9' ceiling walkout basement has nearly 2600 sft of untapped potential. It was designed to allow for 2 additional bedrooms in the basement each with legal egress windows in place, plus full bathroom and wet bar rough ins ready for finishing touches. The dream extra deep, insulated, hydronic heated garage with big a** fan is 975 sft with 3 parking spaces. A separate staircase above garage leads to additional storage space which could be upgraded into an accessory apartment for guests. This energy conscious property also has a 31 panel 9.1 kw solar system, a classic edge 750 central wood boiler, a 2nd stage furnace with propane option, and an automatic Generac whole house generator. The gorgeous well-maintained acreage (with 5 splits available, BATVAI ) features a kids playset, a charming greenhouse and Amish built shed. Plus so much more! Don't miss out.

Last Agent to Sell the Property

Kimberly Schipper

Key Realty One LLC License #6501391671 Listed on: 08/03/2024

Key Realty One LLC

Last Buyer's Agent

Simon Joseph

Wentworth Real Estate Group License #6501422948

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,362

Year Built

  • Built in 2016

Lot Details

  • 26.34 Acre Lot
  • Lot Dimensions are 1233 x 865
  • Property fronts a private road

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,567 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Window Screens
  • Mud Room
  • Family Room with Fireplace

Kitchen

  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Stubbed For A Bathroom
  • Natural lighting in basement

Eco-Friendly Details

  • Solar Heating System

Outdoor Features

  • Patio
  • Play Equipment
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Generator Hookup
  • Power Generator
  • Well
  • Propane Water Heater
  • Water Softener is Owned
  • Septic System
  • High Speed Internet
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,362

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 2
  • Year Built: 2016
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1233 x 865
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2567.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 12362.0
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Water Heater:Propane2: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Utilities Attached:Cable: Yes
  • Windows:Insulated Windows: Yes
  • Windows:Screens: Yes
  • General Property Info:Fireplace: Yes
  • Driveway:Gravel: Yes
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • Roofing:Shingle: Yes
  • Substructure:Walk Out: Yes
  • Substructure:Daylight: Yes
  • Utilities Attached:High-Speed Internet: Yes
  • Additional Items:Generator: Yes
  • Heat Source:Wood2: Yes
  • Heat Source:Solar: Yes
  • Additional Items:Ensuite: Yes
  • Additional Items:Generator Hook-up: Yes
  • General Property Info:SqFt Above Grade: 2567.0
  • Additional Items:Vaulted Ceilings: Yes
  • Additional Items:Sump Pump: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Laundry Features Sink: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Washer, Water Softener Owned
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener, Center Island
  • Fireplace Features: Family Room, Gas Log
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Daylight, Full, Walk-Out Access
  • LivingArea: 2567.0
  • Window Features: Screens, Insulated Windows
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 2567.0
  • Kitchen Features:Center Island: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Family: Yes
  • Appliances:Cook Top: Yes
  • Additional Items:Basement Plumbed for Bath: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Play Equipment
  • List Price: 1050000.0
  • Patio and Porch Features: Patio, Porch(es)
  • Road Frontage Type: Private Road
  • Roof: Shingle
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Features:Play Equipment: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Garage Faces Side, Garage Door Opener, Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Garage Door Opener2: Yes
  • Parking Features Attached2: Yes
  • Parking Features:Garage Faces Side: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Generator
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Laundry Room, Main Level, Sink
  • Sewer: Septic Tank
  • Utilities: Cable Connected, High-Speed Internet
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 26.34
  • Lot Size Area: 26.34
  • Lot Dimensions: 1233 x 865
  • Lot Size Sq Ft: 1147370.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12362.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2024
Closed on
Sep 16, 2024
Sold by
Wonnacott Robert and Wonnacott Jessica
Bought by
Shah Manjool and Shah George Jennifer
Seller's Agent
Kimberly Schipper
Key Realty One LLC
Buyer's Agent
Simon Joseph
Wentworth Real Estate Group
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%
Views
15
Current Estimated Value
$1,017,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,174
Avg. Annual Appreciation
-0.70%

Purchase Details

Closed on
Dec 30, 2015
Sold by
Lanni Gary and Lanni Terry
Bought by
Wonnacott Robert and Wonnacott Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
3.81%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Shah Manjool $1,025,000 American Title
Wonnacott Robert -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wonnacott Robert $211,000
Previous Owner Wonnacott Robert $120,000
Previous Owner Wonnacott Robert $496,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $1,025,000 -2.4% $399 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
08/03/2024 08/03/24 For Sale $1,050,000 -- $409 / 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 $12,187 $460,500 $0 $0
2024 $3,680 $407,200 $0 $0
2023 $3,505 $372,400 $0 $0
2022 $11,661 $348,800 $0 $0
2021 $11,316 $342,000 $0 $0
2020 $11,173 $336,700 $0 $0
2019 $11,228 $322,400 $322,400 $0
2018 $10,657 $297,800 $0 $0
2017 $12,805 $246,600 $0 $0
2016 $1,110 $104,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24040232

Southwestern Michigan Association of REALTORS®

APN: 03-13-400-011