517 Terrace Rd, Lancaster, PA, 17602
About This Home
Welcome home to this beautifully renovated 3-bedroom, 1-bath ranch nestled in a residential area in the southern part of Lancaster City, only minutes from the scenic walking trails and natural beauty of Lancaster County Central Park. Step inside to discover a completely refreshed interior featuring all new paint, flooring, and modern light fixtures throughout. Attractive luxury vinyl plank flooring spans the main living areas, while brand new plush carpeting adds warmth and comfort to each bedroom. The updated kitchen opens seamlessly from the living room and features new cabinetry, countertops, and stainless steel appliances, creating an inviting space for everyday living. Two spacious bedrooms and a fully renovated full bathroom with a new vanity and beautifully tiled tub/shower combination complete the main level. The finished walkout lower level offers a spacious and private third bedroom and direct access to the fully fenced, usable backyard—perfect for relaxing, gardening, or outdoor gatherings. Additional updates include a brand new high-efficiency natural gas HVAC system with central air conditioning, providing year-round comfort. With its functional layout, and convenient location close to both city amenities and outdoor recreation, this move-in ready home is one you won't want to miss. Schedule your private showing today!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1947
Materials
- Foundation: Block
- Construction materials: Frame,Vinyl Siding
Notable Dates
- Major remodel year: 2026
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage,Ranch/Rambler
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Oven/Range - Electric,Microwave,Electric Water Heater
- Laundry features: Hookup,Lower Level
Basement
- Area: 644
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Bathroom - Tub Shower,Entry Level Bedroom,Open Floorplan,Upgraded Countertops
- Flooring: Luxury Vinyl,Carpet
- Finished area below ground: 290
- Finished area above ground: 716
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,360
- Total interior livable area: 1,006 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 3378175100000
- Zoning: RESIDENTIAL
- Special condition: Standard
- Exclusions: Staging Items
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Chain Link
Lot
- Lot size: 3,049 sqft
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,162 | $13,944 |
| Home Insurance * | $64 | $768 |
| Property Taxes | $229 | $2,748 |
| Electricity | $224 | $2,692 |
| Total | $1,679 | $20,148 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $229,900 |
| 2026-07-05 | Pending sale | $229,900 |
| 2026-06-26 | Listed for sale | $229,900 |
| 2026-04-13 | Sold | $130,000 |
| 2018-04-11 | Sold | $35,200 |
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