Sold
532 Terrace Ln Lane E, Ypsilanti, MI 48198
Sold on 06/19/2024 for$175,000
MLS # 24021594 (Michigan Regional Information Center (MichRIC))
2 beds3 baths1,330 sqftBuilt 19680.02 acres
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Listing Description
Highest and Best Due 8pm, May 6th! Welcome to this beautiful, low maintenance townhome, located on the edge of bustling Ypsilanti. With fresh paint touchups and cleaned carpet, this updated condo is ready to be occupied immediately! Its kitchen and baths have been remodeled within the last 10 years, and it has a newer furnace, and Wallside windows. There is opportunity to add value by finishing the very clean basement. With the low HOA and 2 bedroom suites, this is an excellent value for having a housemate!
Source: SparkMLS
About this home
Located in College Park Terrace in Ypsilanti, this property offers 2-bedroom, 3-bath, 1,330 sq ft, with original construction dating to 1968.
Final sale price: $175,000 (about $132/sq ft).
Annual property taxes run approximately $944 ($79/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. Fiber internet is available at this address with download speeds up to 5,120 Mbps across 8 providers.
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Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms3
Living Area1,330 sqft
Lot Size0.02 acres
Year Built1968
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48198
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
ConstructionAluminum Siding, Brick
BasementDaylight, Full
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Cable Connected
InteriorCeiling Fan(s), Broadband
Sale & Financing
Listed5/2/2024
Sold Date6/18/2024
Terms AcceptedCash, Conventional
HOA
HOA Fee$220 / Monthly
Source: SparkMLS
Tax Information
Annual Tax$944
Tax Year2023
Assessed Value$46,082
Parcel #K01103260072
Source: SparkMLS
Legal Description
YP# 151-72 BLDG. P - UNIT 72 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 Darin McLeskey
Denovo Real Estate
Frequently Asked Questions about 532 Terrace Ln Lane E, Ypsilanti, MI 48198
Which school district serves 532 Terrace Ln Lane E, Ypsilanti, MI 48198?
Per MLS# 24021594, 532 Terrace Ln Lane E, 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# 24021594, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 532 Terrace Ln Lane E, Ypsilanti, MI 48198?
Per public tax records, annual property taxes for this property are $944 (2023). 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, 532 Terrace Ln Lane E, 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 532 Terrace Ln Lane E, 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 532 Terrace Ln Lane E, Ypsilanti, MI 48198. The maximum advertised download speed is 5.1 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 532 Terrace Ln Lane E, 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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Mortgage Calculator
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Monthly payment$1,251
Principal & interest$1,031
HOA$220
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5.1 Gbps
Upload
5.1 Gbps
FiberCableGSO SatelliteSatelliteDSLLicensed Fixed Wireless
8 providers at this address
Metronet HoldingsFiber
5.1 GbpsXfinityCable
1.2 GbpsStarlinkGSO Satellite
280 MbpsHughesNetSatellite
100 MbpsViasat IncSatellite
100 MbpsAT&TDSL
75 MbpsAT&TLicensed Fixed Wireless
25 MbpsT-MobileLicensed Fixed Wireless
25 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
532 Terrace Ln Lane E, 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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