56 Terrace Ave
Lakewood, NY 14750
5 bd 3 ba 2,916 sqft Built 1903 Lot 7,379 sqft single_family
Most recent sale
$399,900
Aug 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 30, 2022 | Sold | $399,900 | MLS #R1407028 |
| May 18, 2022 | Listed | $399,900 | MLS #R1407028 |
| Sep 3, 2020 | Sold | $218,000 | MLS #R1273069 |
| Sep 9, 2019 | Listed | $249,900 | MLS #R1222743 |
| Jul 10, 2018 | Price changed | $229,900 | MLS #R1113269 |
| Apr 26, 2018 | Listed | $234,900 | MLS #R1113269 |
| Jul 12, 2011 | Listing removed | $154,900 | Chautauqua-Cattaraugus |
| Jun 30, 2011 | Sold | $143,600 | Public Record |
| Feb 4, 2011 | Listed | $154,900 | MLS #1026600 |
| Jun 19, 2009 | Listing removed | $164,900 | Chautauqua-Cattaraugus |
| Aug 22, 2008 | Listed | $175,000 | MLS #1020354 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $360,400 | $72,600 | $433,000 | $9,916 |
| 2024 | $105,600 | $48,000 | $153,600 | $6,487 |
| 2023 | $105,600 | $48,000 | $153,600 | $6,300 |
| 2022 | $105,600 | $48,000 | $153,600 | $6,038 |
| 2021 | $105,600 | $48,000 | $153,600 | $5,953 |
| 2020 | $105,600 | $48,000 | $153,600 | $9,278 |
| 2019 | $105,600 | $48,000 | $153,600 | $5,116 |
| 2017 | $105,600 | $48,000 | $153,600 | $5,091 |
| 2016 | $105,600 | $48,000 | $153,600 | $5,050 |
| 2015 | $105,600 | $48,000 | $153,600 | $5,109 |
| 2014 | $105,600 | $48,000 | $153,600 | $5,463 |
| 2013 | $124,500 | $33,500 | $158,000 | $5,996 |
| 2012 | $124,500 | $33,500 | $158,000 | $5,274 |
| 2011 | $124,500 | $33,500 | $158,000 | $5,556 |
| 2010 | $124,500 | $33,500 | $158,000 | $5,475 |
| 2009 | $134,500 | $33,500 | $168,000 | $5,763 |
| 2008 | $134,500 | $33,500 | $168,000 | $5,020 |
| 2007 | $112,400 | $26,800 | $139,200 | $2,002 |
Property facts
Year built
1903
Property type
single_family
Stories
3
Beds
5
Baths
3
Living area
2,916 sqft
Lot size
7,379 sqft
ZIP code
14750
City
Lakewood
Street
Terrace Ave
Coordinates
42.10584, -79.33032
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,399
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 56 Terrace Ave last sell?
56 Terrace Ave most recently sold on Aug 30, 2022 for $399,900.
What is the current tax assessment for 56 Terrace Ave?
The most recent total assessment for 56 Terrace Ave (year 2025) is $433,000 with $9,916 in property tax.
How does 56 Terrace Ave's assessment compare to its last sale price?
The current assessment is 8.3% above the last sale price of $399,900.
When was 56 Terrace Ave built?
56 Terrace Ave was built in 1903.
How does 56 Terrace Ave compare to others on Terrace Ave?
We track 8 other properties on Terrace Ave. Browse the list under "Other properties on Terrace Ave" to compare beds, baths, and sale history.
What are the property facts for 56 Terrace Ave?
56 Terrace Ave is a 5 bed, 3 bath, 2,916 sqft, 7,379 sqft lot single_family.
Is 56 Terrace Ave a flip candidate?
Yes — 56 Terrace Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 56 Terrace Ave a tax-appeal candidate?
No — 56 Terrace Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.9%
Implied 1-yr
+15.7%
2026 Q1
$300.8K
2026 Q2
$310.2K
ZIP 14750 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Ave