Backup offersTour
$2,363 Closing Credit¹
#202515717, Lauren Mersich, Listing Office: Howard Hanna SB Real Estate
$176,500 List price
54188 Terrace Ln South Bend, IN 46635
$2,096
Closing credit¹
3 beds
2 full
0.2 acres
$115 / sqft
House
Property details
About 54188 Terrace Ln
This delightful 3-bedroom, 2-bath home offers classic charm and great potential in a location that can’t be beat—just minutes from the University of Notre Dame, shopping, and favorite local dining spots. Inside, natural light pours into the generous living area, highlighting the original hardwood floors that flow through the living room and bedrooms. The large eat-in kitchen and one of the bathrooms are ready for your personal updates, and the price reflects that opportunity. Downstairs, a large finished lower level features a spacious family room, a built-in bar, ample storage, and a convenient laundry area—ideal for both relaxing and entertaining. Step outside to a beautifully landscaped backyard with a spacious patio, perfect for summer gatherings. You’ll also enjoy a 2.5-stall garage, and a storage shed for all your extras. With great curb appeal, solid bones, and an unbeatable location, this home is full of possibilities! Recent updates include all-new windows installed just one year ago, which come with a one-time transferable warranty, as well as new gutters added three years ago. Due to the holiday weekend, please submit all offers by Tuesday at 6 PM. The seller will review and provide a response by Wednesday morning.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Forced Air
StatusActive
CoolingCentral Air
Lot size0.21 Acres
Year built1940
ParkingConcrete
MLS #202519255
Garage2 spaces
Virtual tour
Summary
- Full Bathrooms: 2
- Flooring Type: Hardwood Floors, Carpet
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Concrete
- Exterior: Aluminum, Stone, Vinyl
- Architectural Style: Ranch
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- List Price: $176,500
- Price/SqFt: $114
- Annual Tax Amount: $1,325
- Tax Year: 2023
- Lot: Level
- Directions: Douglas to Terrace Lane
- Year Built: 1940
- Lot Size: 0.21 Acres
- MLS Number: 202519255
- Office Name: Polack Realty
- Listing Agent: Greg Gray
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/24/2025, 11:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$176,500
54188 Terrace Ln
$2,096
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $146,400 | $1,325 |
| 2021 | $119,200 | $1,080 |
| 2020 | $109,300 | $674 |
| 2019 | $91,500 | $554 |
| 2018 | $84,900 | $592 |
| 2017 | $82,800 | $439 |
History based on county public records data.
Nearby schools
7
Swanson Traditional School
Public District KG-5
1.3 mi
•17677 Parker Dr
2
Darden Elementary School
Public District KG-5
1.7 mi
•18645 Janet Dr
4
McKinley Elementary School
Public District KG-5
1.9 mi
•228 N Greenlawn Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,745. Typical income of South Bend, IN residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
60%
<35k
37%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
14%
Single, with Kids
17%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
17%
18-34 yrs old
32%
35-64 yrs old
31%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Figure Skating
Pro Boxing
Where do the neighbors shop?
Stein Mart
Family Dollar
Chico's
Where do the neighbors go to eat?
LongHorn Steakhouse
Church's Chicken
Bob Evans
What do the neighbors drive?
Buick
Cadillac
Oldsmobile
What do the neighbors listen to?
Contemporary Inspirational
Jazz
News
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in South Bend, IN
Transportation in South Bend includes a comprehensive public transit system with routes connecting key areas of the city. The community's infrastructure supports both walkability and bikeability, with certain neighborhoods being particularly pedestrian-friendly. Major roads and highways provide efficient routes for commuters and travelers, and the city is continually working on improvements to its transportation network to increase accessibility and convenience for all residents.
The community is served by a robust educational system, including a range of public and private schools that cater to different educational needs. South Bend is home to several healthcare facilities, offering a spectrum of services from routine care to specialized treatments. The city also features a network of public libraries and a variety of retail and dining options that reflect the local culture. Initiatives to enhance these services are ongoing, adapting to the evolving needs of the population.
South Bend is celebrated for its rich history and vibrant community spirit. The city prides itself on its cultural events, including the annual South Bend International Festival, which highlights the city's diverse heritage and fosters a sense of unity among residents. The community's character is further defined by its commitment to arts and education, with numerous local galleries and performance spaces adding to the city's charm.
South Bend's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from historic bungalows to contemporary new builds, reflecting the city's blend of tradition and modernity. The market is balanced with a mix of ownership and rental opportunities, accommodating a variety of preferences and budgets.
About 54188 Terrace Ln
The listing price of 54188 Terrace Ln property is $176,500.
The property 54188 Terrace Ln is a house located in South Bend, Indiana, 46635.
Active Listing: 54188 Terrace Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 54188 Terrace Ln are: Swanson Traditional School (GreatSchools Rating 7/10), Darden Elementary School (GreatSchools Rating 2/10), McKinley Elementary School (GreatSchools Rating 4/10), Edison Middle School (GreatSchools Rating 2/10), Clay International Academy (GreatSchools Rating 3/10), John J Young Middle School (GreatSchools Rating 4/10), South Bend Virtual School (GreatSchools Rating 2/10), Rise up Academy at Eggleston (GreatSchools Rating 1/10), Clay High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,325 (source: MLS/based on county public records data).
The property at 54188 Terrace Ln has 3 bedrooms and 2 bathrooms.
The year of construction for 54188 Terrace Ln is 1940.
This home is located at 54188 Terrace Ln in South Bend, IN and zip code 46635. This home, which was built in 1940, sits on a 0.21 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $176,500.
In April 2025, from all listings sold in South Bend, IN there were more than 47 sold above asking price, over 91 sold below and more than 25 were sold right at the asked price. Between March and April 2025, South Bend, IN real estate market has seen increase in the number of listings by 14.7%.
From Rocket Homes Real Estate and based on county public records data.