1940 Terrace Rd is a 1,180 square foot house on a 0.45 acre lot with 3 bedrooms and 2 bathrooms. Based on Redfin's Homewood data, we estimate the home's value is $245,321.
Single-familyProperty Type
1960Year Built
0.45 acresLot Size
$208Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$245,321
$3,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 7.9% lower than the average sale price ($266K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2023
$5,374 (+35.1%)
$9,910 + $10,077
$19,987
2022
$3,978 (−1.8%)
$8,423 + $5,848
$14,271
2021
$4,050 (−22.8%)
$8,423 + $5,848
$14,271
2020
$5,243 (−18.9%)
$8,423 + $5,848
$14,271
2019
$6,465 (+2.8%)
$7,432 + $9,155
$16,587
2018
$6,291 (+1.3%)
$7,432 + $9,155
$16,587
2017
$6,208 (+2.3%)
$7,432 + $9,155
$16,587
2016
$6,069 (+0.7%)
$6,936 + $8,050
$14,986
2015
$6,024 (+1.7%)
$6,936 + $8,050
$14,986
2014
$5,924 (−1.1%)
$6,936 + $8,050
$14,986
2013
$5,988 (+1.6%)
$6,936 + $9,413
$16,349
2012
$5,896 (+6.6%)
$6,936 + $9,413
$16,349
2011
$5,531 (+15.7%)
$6,936 + $9,413
$16,349
2010
$4,782 (+25.8%)
$6,936 + $12,607
$19,543
2009
$3,802 (+5.3%)
$6,936 + $12,607
$19,543
2008
$3,611 (+1.7%)
$11,098 + $9,473
$20,571
2007
$3,550
$3,963 + $12,168
$16,131
Tax history for 1940 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2023
$5,374 (+35.1%)
$9,910 + $10,077
$19,987
2022
$3,978 (−1.8%)
$8,423 + $5,848
$14,271
2021
$4,050 (−22.8%)
$8,423 + $5,848
$14,271
2020
$5,243 (−18.9%)
$8,423 + $5,848
$14,271
2019
$6,465 (+2.8%)
$7,432 + $9,155
$16,587
2018
$6,291 (+1.3%)
$7,432 + $9,155
$16,587
2017
$6,208 (+2.3%)
$7,432 + $9,155
$16,587
2016
$6,069 (+0.7%)
$6,936 + $8,050
$14,986
2015
$6,024 (+1.7%)
$6,936 + $8,050
$14,986
2014
$5,924 (−1.1%)
$6,936 + $8,050
$14,986
2013
$5,988 (+1.6%)
$6,936 + $9,413
$16,349
2012
$5,896 (+6.6%)
$6,936 + $9,413
$16,349
2011
$5,531 (+15.7%)
$6,936 + $9,413
$16,349
2010
$4,782 (+25.8%)
$6,936 + $12,607
$19,543
2009
$3,802 (+5.3%)
$6,936 + $12,607
$19,543
2008
$3,611 (+1.7%)
$11,098 + $9,473
$20,571
2007
$3,550
$3,963 + $12,168
$16,131
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-2
Single-Family Residence District
The purpose of the R-2 single-family residence district is to protect and maintain detached single-family residential development and limited other public and institutional uses compatible with the surrounding residential neighborhoods. The standards are intended to maintain the mid-density characteristic of the current development pattern.
Permitted uses
Include but are not limited to:
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Nov 26, 2026 • Active
Building permits
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.