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 and dining, close to expressways for easy commutes and downtown Grand Rapids.
Sold
$395,000
2055 N Terrace Ln NE, Grand Rapids, MI 49505
2beds
2,339sqft
Condominium
Built in 1993
-- sqft lot
$406,600 Zestimate®
$169/sqft
$2,925 Estimated rent
Home value
$406,600
$378,000 - $439,000
$2,925/mo
Zestimate® history
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$3,096/mo
Est. payment
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List your homeWhat's special
Custom-designed built-insSupreme privacyPrivate bathWalk-in closetQuiet cul-de-sacHuge primary suiteSitting area or office
Zillow last checked:
Listing updated:
Listed by:
Kendall L Grashuis 616-292-1900,
Greenridge Realty (EGR)
Bought with:
Molly E McManus, 6501396668
Greenridge Realty (EGR)
Source: MichRIC,MLS#: 25018368
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Laundry Closet, Main Level
Features
- Ceiling Fan(s), Wet Bar
- Flooring: Carpet, Vinyl
- Windows: Window Treatments
- Basement: Full,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas Log, Living Room
Interior area
- Total structure area: 1,349
- Total interior livable area: 2,339 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Front, Garage Door Opener, Attached
- Garage spaces: 2
Features
- Stories: 1
Lot
- Features: Ravine, Shrubs/Hedges
Details
- Parcel number: 411416227015
- Zoning description: RES
Construction
Type & style
- Home type: Condo
- Architectural style: Ranch
- Property subtype: Condominium
Materials
- Brick, Wood Siding
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: End Unit
- Services included: Other, Trash, Snow Removal, Maintenance Grounds
- HOA fee: $555 monthly
- HOA phone: 616-874-3371
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $90,631
- Annual tax amount: $2,995
- Date on market: 4/29/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2025 | Sold | $395,000$169/sqft |
Source:  MichRIC #25018368 Report a problem | ||
| 5/1/2025 | Pending sale | $395,000$169/sqft |
Source: MichRIC #25018368 Report a problem | ||
| 4/29/2025 | Listed for sale | $395,000+132.4%$169/sqft |
Source: MichRIC #25018368 Report a problem | ||
| 12/18/2007 | Sold | $170,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,961 | $172,900 -0.6% |
| 2024 | -- | $173,900 +34.1% |
| 2021 | $2,628 | $129,700 +9.7% |
| 2020 | $2,628 +3.5% | $118,200 +7.9% |
| 2019 | $2,538 | $109,500 -0.8% |
| 2018 | -- | $110,400 +10.6% |
| 2017 | $2,501 | $99,800 +13.7% |
| 2016 | $2,501 | $87,800 |
| 2015 | $2,501 +7.5% | $87,800 +28.4% |
| 2013 | $2,326 | $68,400 -8.3% |
| 2011 | -- | $74,600 |
| 2010 | -- | $74,600 -11.4% |
| 2009 | -- | $84,200 -4% |
| 2007 | -- | $87,700 -7.1% |
| 2006 | -- | $94,440 +3.7% |
| 2005 | -- | $91,071 +3.3% |
| 2004 | -- | $88,162 +6.2% |
| 2002 | -- | $82,999 +3.2% |
| 2001 | -- | $80,426 |
Find assessor info on the county website
Neighborhood: Northeast
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Nearby schools
GreatSchools rating
- 2/10Kent Hills SchoolGrades: PK-5Distance: 1.6 mi
- 9/10City High Middle SchoolGrades: 7-12Distance: 2.1 mi
- 8/10Center For EconomicologyGrades: 6Distance: 2.1 mi
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Estimated market value
$406,600
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Estimated market value
$406,600
- Michigan
- Kent County
- Grand Rapids
- 49505
- Northeast
- 2055 N Terrace Ln NE
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