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38578 Terry Lane

38578 Terry Lane, Westland, MI 48185
Property in Westland
Sold Aug 06, 2020
$240,000
$192,000 by Everett Financial Inc
Mortgage Due Aug 01, 2050
Sold Jan 19, 2010
$145,000
$142,373 by Success Mortgage Partners Inc
Mortgage Due Jan 01, 2040
Local assessors in Westland, MI have categorized 38578 Terry Lane as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 6,534 square feet. The linear feet between the front and back of the lot was measured at 980 ft and the front of the lot was measured at 670 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 38578 Terry Lane has a total of 1,916 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 500 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 38578 Terry Lane sold most recently in Jul 10, 2020 for a total of $240,000. If you work out the math, that's approximately a cost of $125.26 per sqft. Before that, the property was also sold for $145,000 in Dec 22, 2009. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,573 in taxes each year. 38578 Terry Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $157,400. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 968
  • Garage Type: Garage
  • Garage Square Area: 500
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,916
  • Building Area: 1,916
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,916
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CO CONDO SUB
  • Land Acres: 0.15
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: O6H 50 UNIT 50 WAYNE CO CONDO SUB PLAN NO. 316 AKA EMERALD POINTE NORTH T2S R9E L 25875 OF DEEDS P799 TO 841 AMD 93-041626

Ownership

  • Current Owner : BALA MANJU
  • Current Owner 2: SINGH LAKHVIR
  • Previous Owner : GURON JAGBIR S
  • Previous Owner 2: GURON SATNAM K
  • Owner Before Previous Owner: TROTT
  • Owner Before Previous Owner 2: TROTT P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Livonia Public Schools
  • School Tax School District: LIVONIA
  • Census Tract: 565200

Geography

  • District: 56
  • Section: 01
  • Parcel: 56 022 01 0050 000
  • Lot: 0050
  • Municipality: WESTLAND CITY
  • Latitude: 42.3459
  • Longitude: -83.4224

    Address

  • Full Address: 38578 Terry Ln
  • Legal Unit: 50
  • Address - House Number: 38578
  • Address - Street Name: Terry
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Westland
  • Carrier Code: C083
  • 4-Digit Zip Code: 7656
  • Zip Code: 48185

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,573
  • Tax Rate Code Area: 82095

    Appraisal Valuation

  • Standard Deviation: 0.2688
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 353,430
  • High Value: 448,453
  • Low Value: 258,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $192,000
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Aug 06, 2020
  • First Open Lien Mortgage Loan Amount: $192,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $314,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 10, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Transaction ID: 11792748568
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020224494
  • Previous Sale Recording Date: Jan 19, 2010
  • Previous Sale Contract Date: Dec 22, 2009
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: Aug 06, 2020
  • First Mortgage Loan Amount: $192,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SUCCESS MORTGAGE PARTNERS INC
  • Previous Mortgage Transaction Date: Jan 19, 2010
  • Previous Mortgage Loan Amount: $142,373
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2040

About Westland



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 38578 Terry Lane located in?
The 38578 Terry Lane is a located in the neighborhood of Westland in Westland, Westland.
What is the average sales price for listings in 38578 Terry Lane?
The average sales price for units in 38578 Terry Lane is $0 currently.

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