7525 Terra Ln Ann Arbor, MI 48105
4
Beds
2.5
Baths
2,567
Sq Ft
26.34
Acres
Highlights
- 26.34 Acre Lot
- Mud Room
- Porch
- Vaulted Ceiling
- Double Oven
- 3 Car Attached Garage
About This Home
As of September 2024Situated 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.
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
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
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%
Total Days on Market
8
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,182
Avg. Annual Appreciation
-0.61%
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
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,025,000 | American Title | |
| Quit Claim Deed | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $211,000 | Credit Line Revolving | |
| Previous Owner | $120,000 | Unknown | |
| Previous Owner | $496,000 | Future Advance Clause Open End Mortgage |
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
| 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 |
|---|---|---|---|---|
| 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
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24040232
APN: 03-13-400-011
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