2055 N Terrace Ln NE Unit 15 Grand Rapids, MI 49505
North East Citizens Action Neighborhood
2
Beds
2.5
Baths
2,339
Sq Ft
$555/mo
HOA Fee
Highlights
- Family Room with Fireplace
- End Unit
- 2 Car Attached Garage
- Vaulted Ceiling
- Bar Fridge
- Wet Bar
About This Home
As of May 2025Enjoy 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 Agent to Sell the Property
Greenridge Realty (EGR) License #6501185090 Listed on: 04/29/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,995
Year Built
- Built in 1993
Lot Details
- Property fronts a private road
- End Unit
- Private Entrance
- Shrub
- Sprinkler System
HOA Fees
- $555 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Front Facing Garage
- Garage Door Opener
Home Design
- Brick Exterior Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2,339 Sq Ft Home
- 1-Story Property
- Wet Bar
- Bar Fridge
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Window Treatments
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
Kitchen
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms | 1 Main Level Bedroom
- En-Suite Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Patio
- Mineral Rights Excluded
Community Details
Overview
- Association fees include trash, snow removal, lawn/yard care
- Association Phone (616) 874-3371
- Ravines Condos
- Property is near a ravine
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 15, 2022
Sold by
Wolotira Nancy
Bought by
Wolotira Nancy A
Total Days on Market
2
Purchase Details
Closed on
Nov 30, 2012
Sold by
The Nancy Wolotira Revocable Trust
Bought by
Wolotira Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 19, 2010
Sold by
Wolotira Nancy
Bought by
Wolotira Nancy and The Nancy Wolotira Revocable Trust
Purchase Details
Closed on
Dec 10, 2007
Sold by
Swets Marinus M and Swets Edna M
Bought by
Wolotira Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 1994
Sold by
Rav Dev and Rav Swets M
Bought by
Wolotira Nancy
Purchase Details
Closed on
Dec 16, 1992
Sold by
Perkins Perkins G G and Perkins Ts
Bought by
Wolotira Nancy
Purchase Details
Closed on
Apr 21, 1992
Sold by
Rav Dev and Rav By Mead
Bought by
Wolotira Nancy
Similar Homes in Grand Rapids, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $170,000 | Metropolitan Title Company | |
| Warranty Deed | $115,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $101,250 | New Conventional | |
| Previous Owner | $151,500 | Unknown | |
| Previous Owner | $150,000 | Purchase Money Mortgage | |
| Previous Owner | $170,400 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Sold | $395,000 | 0.0% | $169 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/29/2025 04/29/25 | For Sale | $395,000 | -- | $169 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $2,787 | $172,900 | $0 | $0 |
| 2024 | $2,787 | $173,900 | $0 | $0 |
| 2023 | $2,828 | $135,800 | $0 | $0 |
| 2022 | $2,685 | $131,900 | $0 | $0 |
| 2021 | $2,625 | $129,700 | $0 | $0 |
| 2020 | $2,510 | $118,200 | $0 | $0 |
| 2019 | $2,628 | $109,500 | $0 | $0 |
| 2018 | $2,538 | $110,400 | $0 | $0 |
| 2017 | $2,471 | $99,800 | $0 | $0 |
| 2016 | $2,501 | $87,800 | $0 | $0 |
| 2015 | $2,326 | $87,800 | $0 | $0 |
| 2013 | -- | $68,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Grashuis
Seller's Agent in 2025
Ken Grashuis
Greenridge Realty (EGR)
(616) 974-6770
3 in this area
189 Total Sales
-
Molly McManus
M
Buyer's Agent in 2025
Molly McManus
Greenridge Realty (EGR)
(616) 485-9941
2 in this area
119 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25018368
APN: 41-14-16-227-015
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