$395,000

2055 N Terrace Ln NE Grand Rapids, MI 49505

$4,691
Closing credit¹
2 beds
2 full, 1 partial
2,339 sqft
$169 / sqft
Condo

Property details

About 2055 N Terrace Ln NE

Enjoy easy living in this Ravines Condo! Located on a quiet cul-de-sac at the back of the development offering supreme privacy, this spacious condo offers an updated kitchen; great room with vaulted ceilings, custom-designed built-ins, and fireplace; huge primary suite with sitting area or office, private bath, and walk-in closet; powder room; and laundry-all on the main floor. In the lower level, you'll find a family room with a fireplace and access to a secluded patio; second bedroom with walk-in closet; huge hall bath; a bonus room for an office or studio with walkout access to the patio; wet bar; plus lots of great storage. The backyard offers wooded views and plenty of privacy. Convenient location near Knapp's Corner for shopping anddining, close to expressways for easy commutes and downtown Grand Rapids.

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s), Central Air
Size2,339 sqft
BasementYes
Year built1993
ParkingAttached, Garage Faces Front, Garage Door Opener, Paved
MLS #65025018368
Attached garage2 spaces
FireplaceFamily Room, Gas Log, Living Room

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Appliances: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Range, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Vinyl
  • Interior: Vaulted Ceilings, Wet Bar, Window Treatments
  • Fireplace: Family Room, Gas Log, Living Room
  • Total Bedroom Count: 2
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Garage Faces Front, Garage Door Opener, Paved
  • Exterior: Private Entrance
  • Architectural Style: End Unit, Ranch
  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • List Price: $395,000
  • Price/SqFt: $168
  • HOA Amount: $555
  • HOA Frequency: Monthly
  • Lot: Sprinklers
  • Directions: Leonard Ave NE to Perkins Ave north OR Knapp St NE to Perkins Ave south to South Terrace Lane; follow around to property
  • Year Built: 1993
  • Stories: 1
  • Living Area: 2,339 SqFt
  • MLS Number: 65025018368
  • MLS Name: Greater Regional Alliance of REALTORS
  • Office Name: Greenridge Realty (EGR)
  • Office Phone: (616) 458-3655
  • Listing Agent: Kendall L Grashuis

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring brick siding, driveway, and a front yard

$395,000

2055 N Terrace Ln NE

$4,691

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

3

Kent Hills Elementary School

Public District PK-5

1.6 mi

1445 Emerald Ave NE

9

Orchard View Elementary School

Public District KG-5

1.7 mi

2770 Leffingwell Ave NE

8

Northern Trails 5/6 School

Public District 5-6

2.0 mi

3777 Leonard St NE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $75,497. Residents of Grand Rapids, MI typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

22%
<35k
46%
35k-100k
26%
100k-200k
6%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
6%
Single, with Kids
41%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
6%
12-17 yrs old
19%
18-34 yrs old
42%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Symphony or OperaSymphony or Opera
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Stein MartStein Mart
  • Chico'sChico's
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • Boston MarketBoston Market
  • ChipotleChipotle

What do the neighbors drive?

  • LincolnLincoln
  • VolvoVolvo
  • MazdaMazda

What do the neighbors listen to?

  • ClassicalClassical
  • Talk/PersonalityTalk/Personality
  • RockRock
All data provided by Home Junction and Claritas

Frequently asked questions

About 2055 N Terrace Ln NE

The listing price of 2055 N Terrace Ln NE property is $395,000.

The property 2055 N Terrace Ln NE is a condo located in Grand Rapids, Michigan, 49505.

Active Listing: 2055 N Terrace Ln NE is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2055 N Terrace Ln NE are: Kent Hills Elementary School (GreatSchools Rating 3/10), Orchard View Elementary School (GreatSchools Rating 9/10), Northern Trails 5/6 School (GreatSchools Rating 8/10), Knapp Charter Academy (GreatSchools Rating 5/10), Aberdeen Academy (GreatSchools Rating 3/10), Northern Hills Middle School (GreatSchools Rating 9/10), Lighthouse Academy Waalkes (GreatSchools Rating 2/10), Link Learning Grand Rapids Fuller Ave (GreatSchools Rating 2/10), Lighthouse Academy North Campus (GreatSchools Rating 4/10).

The property at 2055 N Terrace Ln NE has 2 bedrooms and 2 full and 1 half bathrooms.

The property 2055 N Terrace Ln NE is 2,339 SqFt (source: MLS/tax record).

The year of construction for 2055 N Terrace Ln NE is 1993.

This home is located at 2055 N Terrace Ln NE in Grand Rapids, MI and zip code 49505 in the North East Citizens Action neighborhood. This 2,339 square foot home was built in 1993. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $395,000.

Over 117 listings were sold over their listed price in March 2025 in Grand Rapids, MI. In the same period over 86 listings were sold below the listed price and 37 listings were sold for the listed price. Between February and March 2025, Grand Rapids, MI real estate market has seen increase in the number of listings by 10.6%. The median list price of listings available in March 2025 was $310,000, while the average time on the real estate market was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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