2055 N Terrace Lane NE
Grand Rapids, MI 49505
- 2 beds
- 3 baths
- 1,349 sqft
- $292 per sqft
- 1993 build
- – on site
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.
Last checked:
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Last updated Apr 29, 2025
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MLS# 25018368 —
The Building
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Year Built:1993
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New Construction:false
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Construction Materials:Brick, Wood Siding
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Architectural Style:Ranch
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Foundation Details:None
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Building Features:None
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Window Features:Window Treatments
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Patio And Porch Features:Patio
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Accessibility Features:No
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Direction Faces:None
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Roof:Asphalt, Shingle
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Stories:1
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Entry Type:Private
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Basement:No
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Basement:Full, Walk-Out Access
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Basement:Yes
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Common Walls:None
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Building Area Total:1349.0
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Exterior -Brick:true
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Exterior Material -Wood Siding:true
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Roofing -Shingle:true
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Roofing -Asphalt:true
Interior
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Rooms Total:6
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Interior Features:Ceiling Fan(s), Broadband, Garage Door Opener, Wet Bar
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Flooring:Carpet, Vinyl
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Total Fireplaces:2.0
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Fireplaces Total:2
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Fireplace:true
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Fireplace Features:Family Room, Gas Log, Living Room
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Fireplace -Gas Log:true
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Furnished:None
Room Dimensions
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Living Area:2339.0
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Main Level SqFt:1349.0
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Total Lower SqFt:1238.0
Financial & Terms
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Ownership:Private Owned
Location
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Directions:Leonard Ave NE to Perkins Ave north OR Knapp St NE to Perkins Ave south to South Terrace Lane; follow around to property
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Cross Street:Perkins Ave NE
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Latitude:42.992646
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Longitude:-85.61753
The Property
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Parcel Number:41-14-16-227-015
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Property Type:Residential
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Property Subtype:Condominium
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Property Attached:No
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Lot Features:Ravine
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Lot Size Units:Acres
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Topography:None
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Waterfront:false
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View:None
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View:No
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Inclusions:None
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Zoning:None
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Zoning Description:RES
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Current Use:None
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Possible Use:None
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Frontage Type:None
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Waterfront:No
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Road Surface Type:Paved
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Road Frontage Type:Private Road
Listing Agent
- Contact info:
- Agent phone:
- (616) 292-1900
- Office phone:
- (616) 458-3655
Taxes
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Tax Year:2025
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Tax Year:2025.0
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Tax Legal Description:UNIT NO.15 BLDG. H * RAVINES CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.203 LIBER 2835 PAGE 168 AS AMENDED BY REPLAT NO.1 INSTRUMENT NO.20170830-0072914 & AS AMENDED BY AMENDED & RESTATED MASTER DEED INSTRUMENT NO.20190814-0060558
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Tax Annual Amount:2995.0
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Tax Assessed Value:90631
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Taxable Value:90631.0
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Annual Property Taxes:2995.0
Beds
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Bedrooms Total:2
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Main Bedrooms:1
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Main Level Bedrooms:1
Baths
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Total Baths:3
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Total Baths:2.5
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Partial Baths:None
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Full Baths:1
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Full Baths:1
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Full Baths:2
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Half Baths:1
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Three Quarter Baths:None
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Half Baths:1
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Cooling:Central Air
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Cooling:true
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Heating:true
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Heating:Forced Air
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Heat Type -Forced Air:true
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Heat Source -Natural Gas:true
Utilities
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Utilities:Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, High-Speed Internet
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Natural Gas:true
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Dishwasher:true
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Central Air:true
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Sewer:Public
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Sewer -Publictrue
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Water Source:Public
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Water Public:true
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Water Heater -Natural Gas:true
Appliances
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Appliances:Bar Fridge, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
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Refrigerator:true
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Disposal:true
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Range:true
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Microwave:true
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Washer:true
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Dryer:true
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Laundry Features:Laundry Closet, Main Level
Schools
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Elementary School District:None
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Middle Or Junior School District:None
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High School District:Grand Rapids
The Community
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Senior Community:No
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Pool Private:No
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Pets:Yes
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Pets Allowed:true
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Association:true%
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Association Amenities:End Unit, Pets Allowed
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Association Fee:555.0
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Association Fee Includes:Other, Trash, Snow Removal, Lawn/Yard Care
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Association Fee Frequency:Monthly
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Association Fee Including Trash:true
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Association Fee Including Lawn Yard Care:true
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Association Fee Including Snow Removal:true
Parking
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Garage:true
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Attached Garage:true
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Garage Spaces:2.0
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Carport Spaces:None
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Parking Total:None
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Parking Features:Garage Faces Front, Garage Door Opener, Attached
Monthly cost estimate

Asking price
$395,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,115
|
Taxes | $249 |
Insurance | $108 |
HOA fees | $555 |
Utilities | $123 See report |
Total | $3,150/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.