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Sold
  • $1,025,000

    7525 Terra Ln, Ann Arbor, MI 48105

    4beds
    2,567sqft
    Single Family Residence
    Built in 2016
    26.34 Acres Lot
    $1,058,500 Zestimate®
    $399/sqft
    $3,964 Estimated rent

    Home value

    $1,058,500

    $984,000 - $1.12M

    $3,964/mo

    Zestimate® history
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    What's special

    Situated on 26.34 acres this city retreat has it all. Built in 2016, this home has a spacious open floor plan with soaring vaulted ceilings in the great room, grand stone fireplace, and French doors leading to the covered back patio. Entertain in the timeless custom kitchen with solid wood cabinets, granite and quartz countertops, high end Thermador gas cooktop, stainless Frigidaire appliances and large adjacent dining room. The split bedroom floorplan offers a private master suite with dual walk in closets, oversized custom tile shower with 2 shower heads and large bench. The light and bright unfinished 9' ceiling walkout basement has nearly 2600 sft of untapped potential. It was designed to allow for 2 additional bedrooms in the basement each with legal egress windows in place, plus full bathroom and wet bar rough ins ready for finishing touches. The dream extra deep, insulated, hydronic heated garage with big a** fan is 975 sft with 3 parking spaces. A separate staircase above garage leads to additional storage space which could be upgraded into an accessory apartment for guests. This energy conscious property also has a 31 panel 9.1 kw solar system, a classic edge 750 central wood boiler, a 2nd stage furnace with propane option, and an automatic Generac whole house generator. The gorgeous well-maintained acreage (with 5 splits available, BATVAI ) features a kids playset, a charming greenhouse and Amish built shed. Plus so much more! Don't miss out.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Schipper 517-281-1298,

    Key Realty One LLC

    Bought with:

    Simon Joseph

    Source: MichRIC,MLS#: 24040232MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bedrooms: 4
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Washer, Water Softener Owned
    • Laundry: Laundry Room, Main Level, Sink
    Features
    • Ceiling Fan(s), Center Island
    • Windows: Screens, Insulated Windows
    • Basement: Daylight,Full,Walk-Out Access
    • Number of fireplaces: 1
    • Fireplace features: Family Room, Gas Log
    Interior area
    • Total structure area: 2,567
    • Total interior livable area: 2,567 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Faces Side, Garage Door Opener, Attached
    • Garage spaces: 3
    Features
    • Stories: 2
    • Exterior features: Play Equipment
    Lot
    • Size: 26.34 Acres
    • Dimensions: 1233 x 865
    Details
    • Parcel number: C0313400011

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2016

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Cable Connected

    Community & HOA

    Location
    • Region: Ann Arbor

    Financial & listing details

    • Price per square foot: $399/sqft
    • Tax assessed value: $352,003
    • Annual tax amount: $12,362
    • Date on market: 8/3/2024
    • Listing terms: Cash,FHA,VA Loan,MSHDA,Conventional

    Price history

    DateEventPrice
    9/19/2024Sold$1,025,000-2.4%$399/sqft
    Source: MichRIC #24040232 Report a problem
    8/31/2024Pending sale$1,050,000$409/sqft
    Source: MichRIC #24040232 Report a problem
    8/13/2024Contingent$1,050,000$409/sqft
    Source: MichRIC #24040232 Report a problem
    8/3/2024Listed for sale$1,050,000$409/sqft
    Source: MichRIC #24040232 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,007 $460,500 +13.1%
    2024-- $407,200 +9.3%
    2023-- $372,400 +6.8%
    2022-- $348,800 +2%
    2021-- $342,000 +1.6%
    2020$11,228 $336,700 +4.4%
    2019-- $322,400 +8.3%
    2018-- $297,800 +20.8%
    2017-- $246,600 +136%
    2016-- $104,500
    Find assessor info on the county website

    Neighborhood: 48105

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,058,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,058,500