Sold
614 Terrace Lane, Ypsilanti, MI 48198
Sold on 05/22/2026 for$198,000
MLS # 26017080 (Michigan Regional Information Center (MichRIC))
2 beds2 baths2,352 sqftBuilt 19680 acres
1 / 41
Listing Description
Tremendous and rare ranch style condo in the Terrace Garden community is ready for immediate occupancy. Highlights include gleaming hardwood floors, freshly painted throughout, updated main bath and door way to a privacy fenced brick paver patio. Full finished basement adds an additional 1000+ square feet of living space with new full bath including a spa tub. The home opens to a large courtyard. Super location just a few minutes to Depot Town, Prospect Park, Eastern Michigan University, St. Joseph'Hospital, shopping dining and entertainment. . This will go fast so do not hesitate scheduling a showing.
Source: SparkMLS
About this home
2-bedroom, 2-bath, 2,352 sq ft home in Ypsilanti Township in Ypsilanti built in 1968.
This home sold for $198,000 (about $84/sq ft).
Estimated annual property tax: $1,474, or about $123 monthly. 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 Area2,352 sqft
Year Built1968
Stories1
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48198
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
StyleRanch
ConstructionBrick
BasementFull
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorCeiling Fan(s), Broadband
Sale & Financing
Listed4/24/2026
Sold Date5/21/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$240 / Monthly
IncludesTrash, Snow Removal, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$1,474
Tax Year2026
Assessed Value$31,502
Parcel #11-03-260-043
Source: SparkMLS
Legal Description
Unit 43 College Park Terrace Condominiums
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Richard Mattie
The Charles Reinhart Company
Frequently Asked Questions about 614 Terrace Lane, Ypsilanti, MI 48198
Which school district serves 614 Terrace Lane, Ypsilanti, MI 48198?
Per MLS# 26017080, 614 Terrace Lane, Ypsilanti, MI 48198 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26017080, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 614 Terrace Lane, Ypsilanti, MI 48198?
Per public tax records, annual property taxes for this property are $1,474 (2026). 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, 614 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 614 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 614 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$1,537
Principal & interest$1,297
HOA$240
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
614 Terrace Lane, Ypsilanti, MI 48198
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Municipality
Ypsilanti Township
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County
Washtenaw County
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