Tucked in a quiet community, this 2-bed, 1.5-bath condo with private patio is move-in ready. The main level features a light-filled eat-in kitchen with new stove and refrigerator, spacious living room, updated half bath, and entry closet. Upstairs offers two bedrooms with large closets and a full bath. The unfinished basement includes a bonus room—ideal for an office or gym—plus laundry, storage, and rec space. Fresh paint and new carpet throughout. Low HOA, walkable to Depot Town, close to Geddes, US-23, I-94, and right across from the bus line. On-site playground area and basketball hoop, large yard space for residents.
Sold
$175,000
586 E Terrace Ln, Ypsilanti, MI 48198
2beds
1,232sqft
Condominium
Built in 1968
-- sqft lot
$175,200 Zestimate®
$142/sqft
$2,175 Estimated rent
Home value
$175,200
$158,000 - $196,000
$2,175/mo
Zestimate® history
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$1,453/mo
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List your homeWhat's special
Unfinished basementLarge yard spaceUpdated half bathLarge closetsNew stove and refrigeratorLight-filled eat-in kitchenPrivate patio
Zillow last checked:
Listing updated:
Listed by:
Shannon Baer 734-707-3023,
The Charles Reinhart Company
Bought with:
Darlene McLane Dresch, 6501397105
Keller Williams Ann Arbor Mrkt
Source: MichRIC,MLS#: 25027048
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Oven, Range, Refrigerator
- Laundry: In Basement
Features
- Eat-in Kitchen
- Flooring: Carpet, Laminate, Tile
- Windows: Screens, Replacement, Garden Window
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,232
- Total interior livable area: 1,232 sqft
- Finished area below ground: 0
Property
Features
- Stories: 2
- Fencing: Front Yard
Lot
- Size: 871 Square Feet
- Features: Sidewalk
Details
- Parcel number: K1103260054
- Zoning description: RM-LD
Construction
Type & style
- Home type: Condo
- Architectural style: Colonial
- Property subtype: Condominium
Materials
- Brick, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Cable Available
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Interior Unit, Playground, Other
- Services included: Water, Trash, Snow Removal, Maintenance Grounds
- HOA fee: $230 monthly
- HOA phone: 734-665-5552
Location
- Region: Ypsilanti
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $39,160
- Annual tax amount: $2,609
- Date on market: 6/7/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $175,000$142/sqft |
Source:  MichRIC #25027048 Report a problem | ||
| 6/12/2025 | Contingent | $175,000$142/sqft |
Source: MichRIC #25027048 Report a problem | ||
| 6/7/2025 | Listed for sale | $175,000+101.1%$142/sqft |
Source: MichRIC #25027048 Report a problem | ||
| 10/14/2017 | Listing removed | $1,200$1/sqft |
Source: Berkshire Hathaway HomeSvcs. #3252034 Report a problem | ||
| 9/12/2017 | Sold | $87,000-29.8%$71/sqft |
Source: Public Record Report a problem | ||
| 9/11/2017 | Listed for rent | $1,200$1/sqft |
Source: Berkshire Hathaway HomeSvcs. #3252034 Report a problem | ||
| 5/4/2006 | Sold | $124,000$101/sqft |
Source: Public Record Report a problem | ||
| 6/21/2004 | Sold | $124,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,610 | $74,400 +4.5% |
| 2024 | -- | $71,200 +22.1% |
| 2023 | -- | $58,300 +12.5% |
| 2022 | -- | $51,800 +3% |
| 2021 | -- | $50,300 +20.6% |
| 2020 | -- | $41,700 -0.2% |
| 2019 | -- | $41,800 +28.6% |
| 2018 | -- | $32,500 +16.1% |
| 2017 | $1,286 | $28,000 +42.9% |
| 2016 | $1,286 -4.4% | $19,600 |
| 2015 | $1,344 | $19,600 -29% |
| 2014 | $1,344 | $27,600 |
| 2013 | $1,344 | $27,600 -7.4% |
| 2012 | -- | $29,800 -5.4% |
| 2011 | -- | $31,500 -22% |
| 2010 | -- | $40,400 -15.7% |
| 2009 | -- | $47,900 -4.2% |
| 2008 | -- | $50,000 -15.1% |
| 2007 | -- | $58,917 +0.9% |
| 2005 | -- | $58,400 +6.2% |
| 2004 | -- | $55,000 +6.8% |
| 2003 | -- | $51,500 +9.3% |
| 2002 | $1,483 +51.7% | $47,100 +23.3% |
| 2001 | $977 | $38,200 +7.9% |
| 2000 | -- | $35,400 |
| 1999 | -- | -- |
Find assessor info on the county website
Neighborhood: 48198
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Nearby schools
GreatSchools rating
- 2/10Holmes Elementary Learning CenterGrades: K-6Distance: 0.7 mi
- 2/10Ypsilanti Community Middle SchoolGrades: 5-8Distance: 1.6 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$175,200
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Estimated market value
$175,200
- Michigan
- Washtenaw County
- Ypsilanti
- 48198
- 586 E Terrace Ln
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