Google satellite image for 550 Terrace Rd, Boones Mill, VA 24065

OFF MARKET

$320,862

•

2 ba

•

1,404

sq ft

550 Terrace Rd, Boones Mill, VA 24065

About this home

550 Terrace Rd is a 1,404 square foot house on a 3.42 acre lot with 3 bedrooms and 2 bathrooms. Based on Redfin's Boones Mill data, we estimate the home's value is $320,862.

Single-familyProperty Type

1986Year Built

3.42 acresLot Size

$229Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$320,862

$5,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15.7% lower than the average sale price ($381K) of 6 comparable homes.

SOLD JUL 20, 2026
$400,000
A
3 beds2 baths2,620 sq ft
5750 Bandy Rd, Roanoke, VA 24014
SOLD JUL 28, 2026
$550,000
B
3 beds2 baths2,562 sq ft
218 Cahas Ln, Boones Mill, VA 24065
SOLD MAY 27, 2026
$249,900
C
3 beds2 baths2,060 sq ft
60 Little Mountain Cir, Rocky Mount, VA 24151
SOLD JUL 15, 2026
$449,950
D
3 beds2 baths3,852 sq ft
856 Ridge Mountain Dr, Boones Mill, VA 24065
SOLD FEB 26, 2026
$270,000
E
3 beds2 baths2,304 sq ft
5779 Alean Rd, Boones Mill, VA 24065
SOLD DEC 23, 2025
$365,000
F
3 beds2 baths1,546 sq ft
260 Leaning Oak Rd, Boones Mill, VA 24065

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Earn from this home

Rent

$2,925/mo

Redfin rental estimate

List your home for rent

Market trends in 24065, VA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.5%

+1.1% MoM

Median sale price

$424K

$6K MoM

Avg. days on market

41d

2 days MoM

Recently sold homes

4 MoM

New listings for sale

$335,000
3 beds1 bath1,612 sq ft
351 Meadow Branch Rd, Boones Mill, VA 24065
$305,000
3 beds1 bath2,350 sq ft
233 Masons Knob Rd, Boones Mill, VA 24065
$269,900
3 beds2 baths1,920 sq ft
864 Harmony Rd, Boones Mill, VA 24065
$449,950
4 beds2 baths2,145 sq ft
540 Nursery Rd, Boones Mill, VA 24065
See all

Provided by Redfin

Sale history for 550 Terrace Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$1,074

$31,000 + $218,700

$249,700

2024

$1,074 (+6.2%)

$31,000 + $218,700

$249,700

2023

$1,011

$28,700 + $137,100

$165,800

2022

$1,011

$28,700 + $137,100

$165,800

2021

$1,011

$28,700 + $137,100

$165,800

2020

$1,011 (+2.0%)

$28,700 + $137,100

$165,800

2019

$991

$28,700 + $133,800

$162,500

2018

$991 (+10.9%)

$28,700 + $133,800

$162,500

2017

$894

$28,700 + $133,800

$162,500

2016

$893 (−3.0%)

$28,700 + $133,800

$162,500

2014

$921

$31,700 + $135,800

$167,500

Tax history for 550 Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,074

$31,000 + $218,700

$249,700

2024

$1,074 (+6.2%)

$31,000 + $218,700

$249,700

2023

$1,011

$28,700 + $137,100

$165,800

2022

$1,011

$28,700 + $137,100

$165,800

2021

$1,011

$28,700 + $137,100

$165,800

2020

$1,011 (+2.0%)

$28,700 + $137,100

$165,800

2019

$991

$28,700 + $133,800

$162,500

2018

$991 (+10.9%)

$28,700 + $133,800

$162,500

2017

$894

$28,700 + $133,800

$162,500

2016

$893 (−3.0%)

$28,700 + $133,800

$162,500

2014

$921

$31,700 + $135,800

$167,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

Agricultural District

This district includes unincorporated portions of the county that are occupied by various open uses such as farms, forests, lakes, reservoirs, streams and park lands. This district is established for the purpose of facilitating existing and future farming operations, preserving farm and forest lands, conserving water and other natural resources, reducing soil erosion, preventing water pollution, and protecting watersheds and reducing hazards from flood and fire.

Permitted uses

Include but are not limited to:

Agriculture
Greenhouse / nursery
Assembly / meeting place
Religious facility
Day care facility
Commercial & retail-Other
Housing-Single unit
Bed & breakfast
Library
Veterinary clinic

Property details

Interior

Basement Information
Basement Sq. Ft: 1,404
Basement Type: Full

Bathroom Information
# of Full Baths: 2

Heating & Cooling
Heating Type: Heat Pump

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Average
Foundation Type: Stone
Exterior Wall: Brick
Roof Shape Type: Gable
Building Type: Residential

Property Information
Living Sq. Ft: 1,404
Ground Floor Sq. Ft: 1,404
Building Sq. Ft: 2,808
# of Stories: 1
Legal Description: OFF RT 685

Parking & Garage Information
Parking Type: Frame Garage
Garage/Parking Sq. Ft: 768
Garage / Carport Type: Frame

Lot Information
# of Buildings: 1
Land Sq. Ft: 148,801
Municipality Name: BOONE MILL
Acres: 3.416
Zoning Code: A1
County Use Description: SINGLE FAMILY SUBURB - RES

Utility Information
Sewer Type: Septic
Water Service Type: Well

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,404
Stories: 1.0
Lot Size: 3.42 acres
Style: Single Family Residential
Year Built: 1986
Year Renovated: 2001
County: Franklin County
APN: 026/00/135/01////

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Boones Mill Elementary School

Public PreK-5 • Assigned • 2.3mi

5/10

Benjamin Franklin Middle School

Public 6-8 • Assigned • 7.9mi

7/10

Franklin County High School

Public 9-12 • Assigned • 8.9mi

4/10

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

4/10 Heat Factor

7 days above 101° expected this year, 18 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Boones Mill, VA • 24065

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 4.7 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

4.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$305,000 – $369,000

Sell confidently with a local market expert in Boones Mill. 3 minutes to get started.

Nearby similar homes

$299,000

3 beds1 bath1,592 sq ft

6624 Franklin Rd, Boones Mill, VA 24065

$569,950

3 beds3 baths2,040 sq ft

517 Elmer Ln, Rocky Mount, VA 24151

$170,000

3 beds1 bath1,300 sq ft

7320 Merriman Rd, Boones Mill, VA 24065

$28,000

Land— sq ft

181 S Narrows Rd, Boones Mill, VA 24065

3D WALKTHROUGH

$695,000

3 beds3 baths2,360 sq ft

2972 Algoma Rd, Boones Mill, VA 24065

NEW CONSTRUCTION

$339,000

4 beds2.5 baths1,804 sq ft

157 Diamond Ave, Rocky Mount, VA 24151

New listings for sale in 24065

$335,000

3 beds1 bath1,612 sq ft

351 Meadow Branch Rd, Boones Mill, VA 24065

$305,000

3 beds1 bath2,350 sq ft

233 Masons Knob Rd, Boones Mill, VA 24065

$269,900

3 beds2 baths1,920 sq ft

864 Harmony Rd, Boones Mill, VA 24065

$449,950

4 beds2 baths2,145 sq ft

540 Nursery Rd, Boones Mill, VA 24065

Home values near 550 Terrace Rd

Data from public records.

Address	Redfin Estimate
390 Terrace Rd, Boones Mill, VA 1 Beds \| 1 Baths \| 740 Sq. Ft.	$134,349
915 Harmony Rd, Boones Mill, VA 3 Beds \| 2 Baths \| 1560 Sq. Ft.	$294,286

Address	Redfin Estimate
593 Terrace Rd, Boones Mill, VA 3 Beds \| 3 Baths \| 2652 Sq. Ft.	$428,267
855 Harmony Rd, Boones Mill, VA 3 Beds \| 2 Baths \| 2040 Sq. Ft.	—

Address	Redfin Estimate
925 Harmony Rd, Boones Mill, VA 3 Beds \| 2 Baths \| 1368 Sq. Ft.	$159,432
970 Harmony Rd, Boones Mill, VA 2 Beds \| 1 Baths \| 1008 Sq. Ft.	$115,714

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