505 Terrace Rd is a 990 square foot house on a 3,049 square foot lot with 2 bedrooms and 1 bathroom. Based on Redfin's Lancaster data, we estimate the home's value is $181,782.
Single-familyProperty Type
1948Year Built
3,049 sq ftLot Size
$184Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$181,782
$8,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 31.1% lower than the average sale price ($264K) 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*
2026
$1,963 (+3.3%)
$7,800 + $39,700
$47,500
2025
$1,900 (+1.1%)
$7,800 + $39,700
$47,500
2024
$1,880 (+1.7%)
$7,800 + $39,700
$47,500
2023
$1,848 (+4.3%)
$7,800 + $39,700
$47,500
2022
$1,771 (+2.2%)
$7,800 + $39,700
$47,500
2021
$1,733
$7,800 + $39,700
$47,500
2020
$1,733 (+1.5%)
$7,800 + $39,700
$47,500
2019
$1,707 (−14.1%)
$7,800 + $39,700
$47,500
2018
$1,988 (−18.0%)
$7,800 + $39,700
$47,500
2017
$2,425 (+7.6%)
$8,100 + $44,700
$52,800
2014
$2,254
$8,100 + $44,700
$52,800
Tax history for 505 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2026
$1,963 (+3.3%)
$7,800 + $39,700
$47,500
2025
$1,900 (+1.1%)
$7,800 + $39,700
$47,500
2024
$1,880 (+1.7%)
$7,800 + $39,700
$47,500
2023
$1,848 (+4.3%)
$7,800 + $39,700
$47,500
2022
$1,771 (+2.2%)
$7,800 + $39,700
$47,500
2021
$1,733
$7,800 + $39,700
$47,500
2020
$1,733 (+1.5%)
$7,800 + $39,700
$47,500
2019
$1,707 (−14.1%)
$7,800 + $39,700
$47,500
2018
$1,988 (−18.0%)
$7,800 + $39,700
$47,500
2017
$2,425 (+7.6%)
$8,100 + $44,700
$52,800
2014
$2,254
$8,100 + $44,700
$52,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R2
Residential Semidetached Dwellings District
The R2 District is a restrictive single-family residential area with intermediate lot sizes permitting only single-family detached and semidetached dwellings and a limited variety of cultural, institutional and recreational uses.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Fire house
Police station
Park & open space
Property details
Interior
Basement Information
Basement Sq. Ft: 894
Basement Type: Unfinished
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Fuel Type: Gas
Heating Type: Warm Air
Fireplace Information
# of Fireplaces: 1
Fireplace Type: 1 Story
Has Fireplace
Room Information
# of Rooms: 5
Exterior
Exterior Information
Building Style Type: Conventional
Exterior Wall: Frame Siding
Property Information
Living Sq. Ft: 990
Ground Floor Sq. Ft: 990
Building Sq. Ft: 1,884
# of Stories: 1
Lot Information
# of Buildings: 1
Land Sq. Ft: 3,049
Legal Block Number: 18
Municipality Name: LANCASTER CITY
Acres: 0.07
Zoning Code: R2
County Use Description: RESID-SINGLE FAMILY
Utility Information
Electricity / Wiring Type: Connected
Sewer Type: Public
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2026
Tax District County: LANCASTER CITY
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 990
Stories: 1.0
Lot Size: 3,049 square feet
Style: Single Family Residential
Year Built: 1948
Year Renovated: —
County: Lancaster County
APN: 3378894000000
Home facts updated by county records on Jul 10, 2026
Around this home
Schools
King El School
Public PreK-5 • Assigned • 0.2mi
3/10
Jackson Middle School
Public 6-8 • Assigned • 0.3mi
5/10
McCaskey Campus
Public 9-12 • Assigned • 1.3mi
5/10
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
6/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Lancaster, PA • 17602
Average low and high temperatures (°F)
34
21
39
26
58
37
65
46
72
54
83
64
88
70
81
61
77
58
67
46
55
37
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.1 hours in December, placing it below the
U.S. average for solar exposure.
9.3 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$173,000 – $210,000
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