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2004 Terrace Ln, Lebanon, IN, 46052

5beds
4baths
2,703sqft
$569,900
$211price/sqft
$4,317/moest. monthly cost
$172,680/yrincome needed

About This Home

Tucked away in Lebanon's highly desirable Brendan Wood neighborhood, this stunning FULLY REMODELED ranch is anything but ordinary! Situated on a spacious corner lot and a half with mature trees, beautiful landscaping, and golf course views from the large covered front porch, 2004 Terrace Lane offers the perfect blend of luxury, character, and space. Featuring 5 bedrooms, 4 full baths, and an expansive layout filled with custom details, this home has been thoughtfully updated from top to bottom - no room left untouched! The oversized primary suite feels like a private retreat with THREE closets, including a large walk-in closet, plus a spa-inspired bath with a freestanding soaking tub and oversized luxury shower. Guests will love the private ensuite bedroom, while the Jack-and-Jill bedrooms and additional hall bath offer beautifully updated, modern finishes throughout. The gourmet kitchen is truly one-of-a-kind, showcasing a reclaimed red oak island crafted from a retired school workbench, separate wall oven, electric cooktop, and stylish finishes that blend warmth and sophistication. Multiple living spaces include a cozy family room with wood-burning fireplace, formal dining room with outdoor access, separate living room, and a flex room/office/possible 6th bedroom featuring striking wormy hemlock details you won't find anywhere else. Step outside to enjoy the peaceful, landscaped patio perfect for entertaining or relaxing. Additional updates include updated electrical with overhead lighting throughout the main living areas, including modern recessed lighting with integrated nightlight features, a deep 2-car garage, separate laundry/mud room, and TWO new heat pump furnaces with transferable 10-year warranties. This spacious, custom home is truly a rare find in one of Lebanon's most established neighborhoods!

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

8/10
5/10
Lebanon Middle SchoolGrades 6-80.6 mi
9/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1961

Materials

  • Foundation: Crawl Space
  • Construction materials: Brick,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Cooktop,Dishwasher,Dryer,Electric Water Heater,Disposal,Microwave,Oven,Refrigerator,Washer
  • Laundry features: Laundry Room,Sink

Bedroom2

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Bedroom3

  • Level: Main
  • Area: 170
  • Dimensions: 10x17

Bedroom4

  • Level: Main
  • Area: 135
  • Dimensions: 15x9

Bedroom5

  • Level: Main
  • Area: 200
  • Dimensions: 10x20

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4
  • Main level bathrooms: 4
  • Main level bedrooms: 5

Dining Room

  • Level: Main
  • Area: 150
  • Dimensions: 10x15

Family Room

  • Level: Main
  • Area: 180
  • Dimensions: 15x12

Features

  • Attic Access,Built-in Features,Ceiling Fan(s),Hardwood Floors,Eat-in Kitchen,Walk-In Closet(s),Breakfast Bar,Kitchen Island
  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room,Wood Burning
  • Fireplace: Yes
  • Attic: Access Only

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,703
  • Total interior livable area: 2,703 sqft

Kitchen

  • Level: Main
  • Area: 156
  • Dimensions: 13x12

Laundry

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 84
  • Dimensions: 7x12

Living Room

  • Level: Main
  • Area: 345
  • Dimensions: 23x15

Master Bedroom

  • Level: Main
  • Area: 360
  • Dimensions: 15x24

Office

  • Level: Main
  • Area: 110
  • Dimensions: 10x11

Property

Accessibility

  • Accessibility features: Hallway - 36 Inch Wide,Accessible Doors,Accessible Entrance

Details

  • Parcel number: 061025000024014002
  • Special condition: Sales Disclosure Supplements
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio
  • Has view: Yes
  • View description: Golf Course,Neighborhood

Lot

  • Lot size: 0.44 Acres
  • Features: Corner Lot,Curbs,Irregular Lot,Sidewalks,Storm Sewer,Street Lights,Suburb,Mature Trees

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hail
Inland Flooding
Strong Wind
Earthquake
Heat Wave
Ice Storm
Lightning
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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

MonthlyAnnual
Mortgage $2,881$34,572
Home Insurance *$282$3,384
Property Taxes $907$10,884
Electricity $247$2,973
Total$4,317$51,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,011/yr
40% on housing$129,510/yr
45% on housing$115,120/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.9%
3.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$211This listing

vs Other Active Listings

Avg $/sqft

ZIP 46052$197
Boone County$209

vs Homes Sold Last Month

Median $/sqft

ZIP 46052$185
Boone County$180

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

DateEventPrice
2026-05-07Listed for sale$590,000
2026-04-29Listing removed$599,900
2026-03-20Price change$599,900
2026-03-02Price change$605,000
2026-01-28Price change$610,000
2025-12-23Price change$615,000
2025-12-05Price change$618,000
2025-11-25Price change$618,900
2025-11-05Price change$619,000
2025-10-25Price change$624,000
2025-10-12Price change$629,000
2025-09-23Listed for sale$630,000
2005-08-15Sold$180,000

For Sale by Agent

AgentAmanda Henriott
Brokerage@properties

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