NOT LISTED FOR SALE

2053 N Terrace Ln NE Unit 16 Grand Rapids, MI 49505

North East Citizens Action Neighborhood

Estimated Value: $367,000 - $622,000

3 Beds
3 Baths
2,100 Sq Ft
$208/Sq Ft Est. Value

About This Home

This home is located at 2053 N Terrace Ln NE Unit 16, Grand Rapids, MI 49505 and is currently estimated at $437,330, approximately $208 per square foot. 2053 N Terrace Ln NE Unit 16 is a home located in Kent County with nearby schools including Kent Hills School, Riverside Middle School, and Union High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2025
Sold by
Frahm Thomas W and Frahm Mary L
Bought by
Frahm Thomas W and Frahm Mary L
Current Estimated Value
$437,330

Purchase Details

Closed on
May 30, 2012
Sold by
Frahm Thomas W and Frahm Mary
Bought by
Frahm Thomas W and Frahm Mary L

Purchase Details

Closed on
Mar 16, 2007
Sold by
Savage James R
Bought by
Frahm Thomas W and Frahm Mary

Purchase Details

Closed on
Feb 23, 2004
Sold by
Hogan John L and Hogan Jacqueline L
Bought by
Savage James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,900
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1993
Sold by
Makuch Makuch D D and Makuch Hogan J
Bought by
Frahm Thomas W Mary L

Purchase Details

Closed on
Jan 5, 1993
Sold by
Rav Dev and Rav Makuch D
Bought by
Frahm Thomas W Mary L

Purchase Details

Closed on
Dec 16, 1992
Sold by
Perkins Perkins G G and Perkins Ts
Bought by
Frahm Thomas W Mary L

Purchase Details

Closed on
Apr 21, 1992
Sold by
Rav Dev and Rav By Mead
Bought by
Frahm Thomas W Mary L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frahm Thomas W $379,000 Chicago Title
Frahm Thomas W -- None Available
Frahm Thomas W $234,900 None Available
Savage James R $222,000 Metropolitan Title Company
Frahm Thomas W Mary L $132,500 --
Frahm Thomas W Mary L $125,000 --
Frahm Thomas W Mary L -- --
Frahm Thomas W Mary L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savage James R $210,900
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,677 $163,700 $0 $0
2024 $2,677 $164,500 $0 $0
2023 $2,716 $128,500 $0 $0
2022 $2,579 $124,800 $0 $0
2021 $2,522 $122,800 $0 $0
2020 $2,411 $112,100 $0 $0
2019 $2,525 $103,800 $0 $0
2018 $2,438 $105,700 $0 $0
2017 $2,374 $95,500 $0 $0
2016 $2,402 $84,100 $0 $0
2015 $2,234 $84,100 $0 $0
2013 -- $65,700 $0 $0
Source: Public Records

Map

Michigan Kent County Grand Rapids 49505 North East Citizens Action

2053 N Terrace Ln NE Unit 16, Grand Rapids, MI

Not Listed for Sale

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