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4042 Highland Terrace

4042 Highland Terrace, Okemos, MI 48864
Property in Meridian
Sold Aug 22, 2011
$220,000
$150,000 by Michigan State University Fcu
Mortgage Due Sep 01, 2041
Sold Apr 13, 2004
$289,664
$229,900 by Summit Community Bank
Mortgage Due Apr 01, 2034
4042 Highland Terrace has been categorized by the local assessors in Okemos, MI as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4042 Highland Terrace has 1,507 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

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 420 sqft. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The building has a gable style roof made of asphalt. 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 and being fueled with gas. 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. The property was last sold in Aug 16, 2011 for $220,000. That's $145.99 per sqft. Prior to that sales transaction, the property was also sold in Mar 31, 2004 for $289,664. 4042 Highland Terrace was last assessed in 2022. The total value of the property was assessed at $149,900. While improvements on the property were assessed at a total of $149,900. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,855. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,490
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,507
  • Gross Building Area: 1,507
  • Building Area: 1,507
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,507
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: UNIT 27 BENNETT VILLAGE CONDOS

Ownership

  • Current Owner : ROOT MOORE LISA MARIE
  • Previous Owner : NERO ROBERT A
  • Previous Owner 2: NERO MARY JO
  • Owner Before Previous Owner: DUNN & BALESKY DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Okemos Public Schools
  • School Tax School District: 33170
  • Census Tract: 005001

Zoning

  • Zoning: RA

Geography

  • District: 02-02
  • Parcel: 33-02-02-28-352-027
  • Municipality: MERIDIAN TWP
  • Latitude: 42.6994
  • Longitude: -84.4416

    Address

  • Full Address: 4042 Highland Ter
  • Legal Unit: 27
  • Address - House Number: 4042
  • Address - Street Name: Highland
  • Address - Suffix Type: Ter
  • State: MI
  • City Name: Okemos
  • Carrier Code: C018
  • 4-Digit Zip Code: 4595
  • Zip Code: 48864

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $5,855

    Appraisal Valuation

  • Standard Deviation: 0.1917
  • Valuation Date: Sep 07, 2022
  • Confidence Score: 74
  • Final Value: 393,258
  • High Value: 468,646
  • Low Value: 317,869

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $190,000
  • First Open Lien Mortgage Lender: MICHIGAN STATE UNIVERSITY FCU
  • First Open Lien Mortgage Recording Date: Aug 22, 2011
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Sep 01, 2041
  • Second Open Lien Mortgage Lender: MICHIGAN STATE UNIVERSITY FCU
  • Second Open Lien Mortgage Recording Date: May 04, 2016
  • Second Open Lien Mortgage Loan Amount: $40,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $299,800
  • Market Improvement Value: $299,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $149,900
  • Assessed Improvements Value: $149,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 16, 2011
  • Current Sale Recording Date: Aug 22, 2011
  • Current Sale Transaction ID: 1103139847
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011-031375
  • Previous Sale Recording Date: Apr 13, 2004
  • Previous Sale Contract Date: Mar 31, 2004
  • Previous Sale Amount: $289,664
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: MICHIGAN STATE UNIVERSITY FCU
  • First Mortgage Transaction Date: Aug 22, 2011
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT COMMUNITY BANK
  • Previous Mortgage Transaction Date: Apr 13, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $229,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2034

About Okemos



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Frequently Asked Questions

What neighborhood is 4042 Highland Terrace located in?
The 4042 Highland Terrace is a located in the neighborhood of Meridian in Okemos, Okemos.
What is the average sales price for listings in 4042 Highland Terrace?
The average sales price for units in 4042 Highland Terrace is $0 currently.

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