Sold
514 Terrace Lane, Ypsilanti, MI 48198
Sold on 07/14/2017 for$97,000
MLS # 47591 (Michigan Regional Information Center (MichRIC))
2 beds3 baths1,916 sqftBuilt 19760 acres
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Listing Description
Great Opportunity for First Time Home Buyers! This Two Story Terrace Park Condo is spacious, convenient and meticulously maintained. The home features 2 bedrooms, 2.5 baths, hardwood floors throughout, Dining area, updated stainless steel appliances, full basement for extra storage, and a fenced in private entry to relax this summer. Terrace Park Condo Community is conveniently located just minutes from Depot Town, EMU, U of M, restaurants and shopping!
Source: SparkMLS
About this home
Located in College Park Terrace in Ypsilanti, this property offers 2-bedroom, 3-bath, 1,916 sq ft, with original construction dating to 1976.
Final sale price: $97,000 (about $51/sq ft).
Estimated annual property tax: $939, or about $78 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms3
Living Area1,916 sqft
Year Built1976
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48198
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementFull
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
InteriorEat-in Kitchen
Sale & Financing
Listed6/6/2017
Sold Date7/13/2017
Terms AcceptedCash, VA Loan, Conventional
HOA
HOA Fee$185 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$939
Tax Year2016
Assessed Value$19,800
Parcel #K01103260080
Source: SparkMLS
Legal Description
YP# 151-80 BLDG. R - UNIT 80 COLLEGE PARK CONDOMINIUM NO. 1.
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Daniel DeCapua
RE/MAX Platinum
Frequently Asked Questions about 514 Terrace Lane, Ypsilanti, MI 48198
What school district is 514 Terrace Lane, Ypsilanti, MI 48198 in?
Per MLS# 47591, this property is served by School District of Ypsilanti. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 514 Terrace Lane, Ypsilanti, MI 48198?
Per MLS# 47591, the seller has indicated this property accepts the following financing types: Cash, VA Loan, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 47591, the most recent reported annual property tax for 514 Terrace Lane, Ypsilanti, MI 48198 is $939 (2016). 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.
Is 514 Terrace Lane, Ypsilanti, MI 48198 eligible for USDA financing?
Per USDA Rural Development boundary data, 514 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Mortgage Calculator
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Monthly payment$833
Principal & interest$648
HOA$185
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Property
514 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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