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2488 Colony Way

2488 Colony Way, Ypsilanti, MI 48197
House in Ypsilanti
Sold Jun 04, 2021
$308,500
$75,500 by Mortgage Center Llc
Mortgage Due Jul 01, 2036
Sold Oct 03, 2019
$111,326
2488 Colony Way has been categorized by the local assessors in Ypsilanti, MI as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2488 Colony Way has 1,740 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,841 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 418 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2488 Colony Way was last sold in May 21, 2021 for $308,500. According to our calculations, that's $177.30 per sqft. Prior to that sales transaction, the property was sold for $111,326 in Sep 19, 2019. Current property owners are expected to pay $3,182 in taxes per year. The property on 2488 Colony Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $119,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 870
  • Garage Type: Garage
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FAIRWAY HILLS SUBDIVISION #2
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: YP#158-18 LOT 89 FAIRWAY HILLS #2.

Ownership

  • Current Owner : WILSON LISA M
  • Current Owner 2: AAMODT ANDREW D
  • Previous Owner : JORDAN PETER
  • Owner Before Previous Owner: DAVIS DEBORAH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ypsilanti Community Schools
  • School Tax School District: YPSILANTI
  • Census Tract: 410400

Zoning

  • Zoning: RI

Geography

  • District: K
  • Parcel: K -11-07-455-089
  • Block: 455
  • Lot: 89
  • Meridian: SEC 07 TWN 3S RNG 7E
  • Municipality: YPSILANTI TWP
  • Latitude: 42.2355
  • Longitude: -83.6516

    Address

  • Full Address: 2488 Colony Way
  • Address - House Number: 2488
  • Address - Street Name: Colony
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Ypsilanti
  • Carrier Code: C001
  • 4-Digit Zip Code: 7446
  • Zip Code: 48197

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,182
  • Tax Rate Code Area: K

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 76
  • Final Value: 336,012
  • High Value: 395,859
  • Low Value: 276,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,500
  • First Open Lien Mortgage Lender: MORTGAGE CENTER LLC
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Loan Amount: $75,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2036

    Market Valuation

  • Market Total Value: $239,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Transaction ID: 11837860598
  • Current Sale Price: $308,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6594079
  • Previous Sale Recording Date: Oct 03, 2019
  • Previous Sale Contract Date: Sep 19, 2019
  • Previous Sale Amount: $111,326
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE CENTER LLC
  • First Mortgage Transaction Date: Jun 04, 2021
  • First Mortgage Loan Amount: $75,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2036

About Washtenaw



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$5,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,620 ft²
Listing by Sarah Frost

Frequently Asked Questions

What neighborhood is 2488 Colony Way located in?
The 2488 Colony Way is a house located in the neighborhood of Ypsilanti in Washtenaw, Ypsilanti.
What is the average sales price for listings in 2488 Colony Way?
The average sales price for units in 2488 Colony Way is $0 currently.

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