Sold
8042 Colonial Lane 5, Ypsilanti, MI 48198
Sold on 02/28/2020 for$152,000
MLS # 23086602 (Michigan Regional Information Center (MichRIC))
2 beds2 baths1,172 sqftBuilt 19920 acres
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Listing Description
Move-in ready! Private location on this well-maintained condo with many upgrades! Enjoy the kitchen with upgraded cherry cabinets, granite countertops and stainless-steel appliances, and Slate flooring. New hardwood flooring on the main level. 2 spacious bedrooms with access from the master to the main bath. New Anderson door wall. Relax on the 2-tiered private deck and enjoy watching wildlife right from the comfort of home. Basement has been pre-plumbed for future bath, and has an egress window, additional finished living space about 200 sq. ft. New roofs in 2014, new trim and exterior painting in 2016., Primary Bath, Rec Room: Finished
Source: SparkMLS
About this home
Located in Prospect Park Woods Condos in Ypsilanti, this property offers 2-bedroom, 2-bath, 1,172 sq ft, with original construction dating to 1992.
This home sold for $152,000 (about $130/sq ft).
Property tax estimate: $2,583 per year ($215/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.
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Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms2
Bathrooms2
Living Area1,172 sqft
Year Built1992
Stories2
Location
CityYpsilanti
MunicipalitySuperior Twp
Zip Code48198
CountyWashtenaw
School DistrictSchool District of Ypsilanti
Construction & Systems
ConstructionVinyl Siding
BasementFull
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected, Storm Sewer
InteriorCeiling Fan(s), Garage Door Opener, Eat-in Kitchen
Sale & Financing
Listed1/21/2020
Sold Date2/27/2020
Terms AcceptedCash, Conventional
HOA
HOA Fee$271 / Monthly
IncludesWater, Trash, Snow Removal, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$2,583
Tax Year2019
Assessed Value$55,808
Parcel #J-10-34-351-005
Source: SparkMLS
Legal Description
PTA 11/12/96 TRF 11/08/96 TRF 04/28/95 MD L2705 P805 ****FROM 1034300015 11/06/92UNIT 5 PROSPECT WOO
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Debra Leutheuser
Howard Hanna Real Estate
Frequently Asked Questions about 8042 Colonial Lane 5, Ypsilanti, MI 48198
What school district is 8042 Colonial Lane 5, Ypsilanti, MI 48198 in?
Per MLS# 23086602, 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 8042 Colonial Lane 5, Ypsilanti, MI 48198?
Per MLS# 23086602, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 23086602, the most recent reported annual property tax for 8042 Colonial Lane 5, Ypsilanti, MI 48198 is $2,583 (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.
Is 8042 Colonial Lane 5, Ypsilanti, MI 48198 eligible for USDA financing?
Per USDA Rural Development boundary data, 8042 Colonial Lane 5, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 8042 Colonial Lane 5, Ypsilanti, MI 48198 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
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.
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.
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Mortgage Calculator
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Monthly payment$1,243
Principal & interest$972
HOA$271
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
8042 Colonial Lane 5, Ypsilanti, MI 48198
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Neighborhood
Prospect Park Woods Condos
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Community
Ypsilanti
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County
Washtenaw County
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