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 $248,780.
Single-familyProperty Type
1960Year Built
0.45 acresLot Size
$211Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$248,780
$2,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 8.3% lower than the average sale price ($271K) 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%)
$9,909 + $10,077
$19,986
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%)
$9,909 + $10,077
$19,986
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
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.