NOT LISTED FOR SALE

542 Terrace Ln Ypsilanti, MI 48198

Prospect Park Neighborhood

Estimated Value: $171,000 - $204,000

3 Beds
1.5 Baths
1,320 Sq Ft
$144/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $130,000 $98 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,379/month

4 Days on Market

Highlights

  • End Unit
  • Forced Air Heating and Cooling System
  • Private Entrance
  • Patio
  • Ceiling Fan
  • 5-minute walk to Charles Street Tot Lot

About This Home

As of July 2019

Rarely available beautifully updated 3 bedroom end unit townhouse style condo w/finished basement. Enter through the spacious private fenced courtyard with paver patio. Extensive updates & re-modeling have been completed over the last 1-4 years including new electric panel, furnace a/c, hot water heater & insulation. The re-modeled kitchen features new maple cabinets & appliances. The stunning full bath was totally renovated 1 year ago boasting new cast iron tub/shower w/tile surround, new flooring, cabinetry & fixtures. The half bath is totally updated as well. Gleaming hardwood floors run through the living room, dining room, stairway & bedrooms with tile floors in the foyer, kitchen, nook & baths. The informally finished basement provides an additional 500 sq.ft of living space with family room, separate office area and new glass block windows. Ceiling fans in all 3 bedrooms, nook & dining room. There is parking & guest parking adjacent to this wonderful condo. Just move right in!

Last Listed By

Glenda Gerbstadt

Coldwell Banker Professionals-AA License #6501254157 Listed on: 06/10/2019

Coldwell Banker Professionals-AA

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

Year Built

  • Built in 1968

Lot Details

  • Property fronts a private road
  • End Unit
  • Private Entrance
  • Fenced

HOA Fees

  • $195 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number K01103260063

Community Details

Overview

  • Pmsi/Debbie Claus Association, Phone Number (734) 665-5552
  • College Park Terrace Condo No 1 Subdivision
  • On-Site Maintenance

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,058

Year Built

Built in 1968

Lot Details

0

HOA Fees

$195 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: End Unit, Townhouse
  • Architecture Level: 2 Story
  • Year Built: 1968
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Room Count: 12
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1820
  • Sq Ft Lower Floor: 500
  • Total Sq Ft: 1320
  • Sq Ft Total Bsmt: 638

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Fenced, Grounds Maintenance, Private Entry
  • Foundation Materials: Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved, Private

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Phone: 734-665-5552
  • Association Fee: 195
  • Association Contact: PMSI/Debbie Claus
  • Association Fee: Yes

Schools

  • School District: Ypsilanti

Lot Info

  • Homestead: Yes
  • Parcel Number: K01103260063

Tax Info

  • Tax Amount Summer: 619.0000
  • Tax Amount Winter: 439.0000
  • Total Tax: 1058.0000

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 18, 2019
Sold by
Vanoy Comella D and Vanoy Melody E
Bought by
Grabarczyk Jillian R
Seller's Agent
Glenda Gerbstadt
Coldwell Banker Professionals-AA
Buyer's Agent
Tyler Weston
Real Estate One
List Price
$132,500
Sold Price
$130,000
Premium/Discount to List
-$2,500
-1.89%
Total Days on Market
4
Current Estimated Value
$189,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,978
Avg. Annual Appreciation
6.60%
Original Mortgage
$97,500
Outstanding Balance
$87,546
Interest Rate
3.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$100,468

Purchase Details

Closed on
Jan 24, 2019
Sold by
Vanoy Cornelia D
Bought by
Vanoy Cornelia D and Vanoy Melody E

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 27, 2014
Sold by
Sulier Edward and Sulier Sandra
Bought by
Vanoy Cornelia D
Seller's Agent
Andrea Gotcher
Horizon Real Estate Group, Inc
Buyer's Agent
Larry Gotcher
Century 21 Affiliated
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.55%

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grabarczyk Jillian R $130,000 Fidelity National Title
Vanoy Cornelia D -- Liberty Title
Vanoy Cornelia D $55,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grabarczyk Jillian R $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $130,000 -1.9% $98 / Sq Ft
06/14/2019 06/14/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $132,500 +140.9% $100 / Sq Ft
01/27/2014 01/27/14 Sold $55,000 -8.2% $42 / Sq Ft
01/08/2014 01/08/14 Pending -- -- --
12/19/2013 12/19/13 For Sale $59,900 -- $45 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,487 $75,600 $0 $0
2023 $1,364 $62,100 $0 $0
2022 $1,411 $55,200 $0 $0
2021 $2,260 $53,700 $0 $0
2020 $2,231 $44,100 $0 $0
2019 $445 $44,200 $44,200 $0
2018 $0 $34,800 $0 $0
2017 $1,009 $30,400 $0 $0
2016 $629 $21,200 $0 $0
2015 $1,020 $21,200 $0 $0
2014 $1,020 $29,200 $0 $0
2013 -- $29,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Glenda Gerbstadt

    Seller's Agent in 2019

    Glenda Gerbstadt

    Coldwell Banker Professionals-AA

    (734) 646-4463

    2 in this area

    221 Total Sales

    Glenda Gerbstadt
    Section Image

  • T

    Buyer's Agent in 2019

    Tyler Weston

    Real Estate One

  • Andrea Gotcher

    Seller's Agent in 2014

    Andrea Gotcher

    Horizon Real Estate Group, Inc

    (248) 825-7500

    126 Total Sales

    Section Image

  • L

    Buyer's Agent in 2014

    Larry Gotcher

    Century 21 Affiliated

See All Agents

Map

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Source: Realcomp

MLS Number: 219055434

Realcomp

APN: 11-03-260-063

Michigan Washtenaw County Ypsilanti 48198 Prospect Park

542 Terrace Ln, Ypsilanti, MI

Homes for Sale in Ypsilanti, MI

This home is located at 542 Terrace Ln, Ypsilanti, MI 48198 since 10 June 2019 and is currently estimated at $189,978, approximately $143 per square foot. This property was built in 1968. 542 Terrace Ln is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393