2531 Terrace Rd is a 2,039 square foot house on a 7,139 square foot lot with 2 bedrooms and 1 bathroom. Based on Redfin's Fort Wayne data, we estimate the home's value is $180,984.
Single-familyProperty Type
1940Year Built
7,139 sq ftLot Size
$89Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$180,984
$1,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 5.8% higher than the average sale price ($171K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$1,785 (−22.6%)
$39,100 + $136,600
$175,700
2024
$2,307 (+34.1%)
$28,900 + $174,100
$203,000
2023
$1,721 (+12.1%)
$23,400 + $140,000
$163,400
2022
$1,535 (+62.6%)
$23,400 + $116,700
$140,100
2021
$944 (+20.6%)
$10,800 + $91,000
$101,800
2020
$783 (+26.4%)
$10,800 + $81,100
$91,900
2019
$620 (−1.7%)
$10,800 + $71,000
$81,800
2018
$631 (+1.0%)
$10,800 + $71,000
$81,800
2017
$624 (+22.6%)
$10,800 + $63,000
$73,800
2016
$509 (+9.9%)
$10,800 + $63,000
$73,800
2015
$463 (−13.9%)
$10,800 + $58,400
$69,200
2013
$538
$12,400 + $58,600
$71,000
Tax history for 2531 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,785 (−22.6%)
$39,100 + $136,600
$175,700
2024
$2,307 (+34.1%)
$28,900 + $174,100
$203,000
2023
$1,721 (+12.1%)
$23,400 + $140,000
$163,400
2022
$1,535 (+62.6%)
$23,400 + $116,700
$140,100
2021
$944 (+20.6%)
$10,800 + $91,000
$101,800
2020
$783 (+26.4%)
$10,800 + $81,100
$91,900
2019
$620 (−1.7%)
$10,800 + $71,000
$81,800
2018
$631 (+1.0%)
$10,800 + $71,000
$81,800
2017
$624 (+22.6%)
$10,800 + $63,000
$73,800
2016
$509 (+9.9%)
$10,800 + $63,000
$73,800
2015
$463 (−13.9%)
$10,800 + $58,400
$69,200
2013
$538
$12,400 + $58,600
$71,000
*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
R1
Single Family Residential District
The Single Family Residential district is intended to create and maintain areas for single family residential uses on individual lots or tracts and to provide for a variety of areas for single family neighborhoods, along with certain additional uses.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Housing-Group
Housing-Single unit
Recreation
Jul 23, 2024 • Active
Electrical - residential
Upgrade the electrical service from 100 amps to 200 amps single phase.
Electrical
Apr 19, 2024 • Final
Electrical - residential
Install a new electrical circuit for a mini-split system.
Electrical
HVAC
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.
Property details
Interior
Basement Information
Basement Sq. Ft: 884
Basement Type: Finished
Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 8
Heating & Cooling
Air Conditioning Type: Central
Heating Fuel Type: Gas
Heating Type: Warm Air
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Construction Type: Wood
Building Type: Single Family
Property Information
Subdivision Name: BROOKVIEW ADD
Living Sq. Ft: 2,039
Adjusted Gross Sq. Ft: 2,923
Building Sq. Ft: 2,923
# of Stories: 1.5
Legal Description: LOT 36 BROOKVIEW ADD
Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 528
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,139
Legal Lot Number: 36
Municipality Name: WAYNE TOWNSHIP
Acres: 0.1639
Depth Footage: 121
Front Footage: 55
County Use Description: SINGLE FAMILY PLATTED LOT
Utility Information
Electricity / Wiring Type: Available
Sewer Type: Public
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2025
Tax District County: FT. WAYNE WAYNE TWP
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 2,039
Stories: 1.5
Lot Size: 7,139 square feet
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1940
County: Allen County
APN: 020735256017000074
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Franke Park Elementary School
Public PreK-5 • Assigned • 0.7mi
4/10
Northwood Middle School
Public 6-8 • Assigned • 2.5mi
5/10
North Side High School
Public 9-12 • Assigned • 0.3mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fort Wayne, IN • 46805
Average low and high temperatures (°F)
30
16
37
22
57
35
65
45
70
50
83
64
87
69
83
64
80
58
69
46
51
37
38
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.9 hours in
June and 3.3 hours in December, which is comparable to the
U.S. average for solar exposure.
10.9 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$172,000 – $209,000
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