NOT LISTED FOR SALE

2505 Terrace Ave Midland, TX 79705

Fannin Terrace Neighborhood

Estimated Value: $316,596 - $396,000

-- Bed
2 Baths
1,968 Sq Ft
$175/Sq Ft Est. Value

About This Home

This home is located at 2505 Terrace Ave, Midland, TX 79705 and is currently estimated at $344,649, approximately $175 per square foot. 2505 Terrace Ave is a home located in Midland County with nearby schools including Fannin Elementary School, Midland High School, and Midland Christian School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Forrest Ross and Forrest Selden
Bought by
Smith Patrick Dylan
Current Estimated Value
$344,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Outstanding Balance
$278,925
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$65,724

Purchase Details

Closed on
Apr 15, 2019
Sold by
Hackleman Larry
Bought by
Forrest Ross

Purchase Details

Closed on
Jun 5, 2013
Sold by
Davis Dietrich
Bought by
Forrest Ross and Forrest Selden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,200
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Harkrider Carolyn Lester
Bought by
Davis Dietrich E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1989
Bought by
Forrest Ross
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
Smith Patrick Dylan -- Lone Star Abstract & Ttl Co
Forrest Ross -- Baileys Abstract & Title
Forrest Ross -- None Available
Davis Dietrich E -- Lone Star Abstract & Title C
Forrest Ross -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Patrick Dylan $308,750
Previous Owner Forrest Ross $189,200
Previous Owner Davis Dietrich E $168,000
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 $3,019 $266,530 $24,190 $242,340
2024 $3,025 $273,430 $24,190 $249,240
2023 $2,892 $267,810 $24,190 $243,620
2022 $4,021 $257,350 $24,190 $233,160
2021 $5,003 $287,200 $24,190 $263,010
2020 $4,592 $269,120 $24,190 $244,930
2019 $5,095 $269,120 $24,190 $244,930
2018 $4,823 $248,030 $24,190 $223,840
2017 $4,678 $240,590 $24,190 $216,400
2016 $4,601 $236,190 $24,190 $212,000
2015 -- $236,190 $24,190 $212,000
2014 -- $220,520 $0 $0
Source: Public Records

Map

Texas Midland County Midland 79705 Fannin Terrace

2505 Terrace Ave, Midland, TX

Not Listed for Sale

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