Sold
512 Terrace Lane, Ypsilanti, MI 48198
Sold on 12/06/2019 for$118,000
MLS # 50851 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,626 sqftBuilt 19680 acres
1 / 28
Listing Description
Hidden Gem in Ypsilanti area features a beautiful 2 bedroom, 1 1/2 bath condo. Hardwood floors throughout. Large Master bedroom on upper level and 2nd spacious bedroom. Main bath with large jacuzzi tub. Good sized eat in kitchen. Full partially finished basement, enclosed patio and private yard. Home has newer Wallside windows, new front door, washing machine, disposal and microwave. 1 yr Home Warranty is being offered. Close to Depot Town, shopping and schools., Rec Room: Partially Finished, Rec Room: Finished
Source: SparkMLS
About this home
Located in College Park Terrace in Ypsilanti, this property offers 2-bedroom, 2-bath, 1,626 sq ft, with original construction dating to 1968.
This home sold for $118,000 (about $73/sq ft).
Annual property taxes run approximately $1,059 ($88/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,626 sqft
Year Built1968
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48198
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementFull, Slab
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected
InteriorCeiling Fan(s), Eat-in Kitchen
Sale & Financing
Listed9/14/2019
Sold Date12/5/2019
Original Price$129,900
Terms AcceptedCash, VA Loan, MSHDA, Conventional
HOA
HOA Fee$195 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$1,059
Tax Year2019
Assessed Value$21,097
Parcel #K-11-03-260-081
Source: SparkMLS
Legal Description
YP# 151-81 BLDG. R - UNIT 81 COLLEGE PARK TERRACE CONDOMINIUM NO. 1.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Mary Hettinger
Keller Williams Ann Arbor Mrkt
Frequently Asked Questions about 512 Terrace Lane, Ypsilanti, MI 48198
Which school district serves 512 Terrace Lane, Ypsilanti, MI 48198?
Per MLS# 50851, 512 Terrace Lane, Ypsilanti, MI 48198 is in the School District of Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact School District of Ypsilanti directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 50851, this listing accepts Cash, VA Loan, MSHDA, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 512 Terrace Lane, Ypsilanti, MI 48198?
Per public tax records, annual property taxes for this property are $1,059 (2019). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 512 Terrace Lane, Ypsilanti, MI 48198 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 512 Terrace Lane, Ypsilanti, MI 48198 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 512 Terrace Lane, Ypsilanti, MI 48198?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$973
Principal & interest$778
HOA$195
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
512 Terrace Lane, Ypsilanti, MI 48198
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Neighborhood
College Park Terrace
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Community
Ypsilanti
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County
Washtenaw County
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