Terrace Park Market Information
Built on a terrace overlooking the Little Miami River, Terrace Park is one of the area’s more upscale neighborhoods. With a population under 2,500, it is a very close-knit, family-oriented community.
Residents of this quiet, residential neighborhood enjoy many outdoor activities. An abundance of trees line the streets, some of which were planted by the Terrace Park Urban Forestry initiative in the late 1890s. The Village Green, site for many community events such as the annual Labor Day Festival, is a popular location for walking and relaxing. Boating and fishing are available on the Little Miami River, and the Little Miami Scenic Trail is a favored destination for bikers, walkers, and joggers. The Terrace Park Swim and Tennis Club provides multiple pools and tennis courts.
An abundance of shopping choices, including the Mariemont shopping district, are just a few minutes away. Larger shopping malls, such as Eastgate Mall, are less than a ten-minute drive. Route 50, which runs through Terrace Park, provides a direct route to downtown Cincinnati with a scenic drive along the Ohio River.
Terrace Park is part of the highly ranked Mariemont School District, with Terrace Park Elementary providing Pre-K through Sixth Grade. Several of Cincinnati’s top rated private schools, including Seven Hills and Cincinnati Country Day, are nearby.
Homes in Terrace Park span many decades of development, with some of its historic homes dating back to the early 1900s. Housing prices run from $150,000 to over $1,000,000, with the average home price around $400,000.
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About Home Valuations
Many popular real estate sites use Automated Valuation Models (AVM) to estimate the price of your home. These models use historical statistics based upon similar homes to determine a price range. Just because two homes may be in the same neighborhood, have the same number of bedrooms, and be the same size does not mean that the prices of the homes will be similar. Many factors go into pricing a home, including the property's condition (both inside AND out), lot characteristics, latest market conditions, amenities, and even intangible factors. Having a real estate professional evaluate your property is the best way to receive the most accurate estimate of your home's value. To receive an estimate for your home, fill out the form above to receive a free, no obligation Comparative Market Analysis (CMA).
Keep in mind that your home is one of the most valuable assets you own. Even if you are not considering the sale of your property, a CMA is a great way to understand the equity you have accumulated in your home, which can be useful for financial planning.