Under Contract 8/4

Under Contract 8/4

1 of 58

$341,000

Under Contract3 bd · 3 ba · 1,919 sqft

1954 S Lake Terrace, Independence, MO

273Views

233days to offer accepted

About this home

Single Family Residence

Built in 1940

0.45 acres lot

$178 / sqft

$75/yr HOA

2-car garage

New Price--- this is the second chance smart buyers wait for. The previous contract fell through due to the buyer's personal circumstances, no fault of the home, and the hard work is already done: inspections and appraisal are complete at the prior list price, clearing the way for a fast, confident close. Now offered…

Offer Insights

Choose an offer strength

List price: $341,000

$334,180 – $340,659

70 to 90% chance of a winning offer

Based on 1,597 sold in Independence, MO (last 12 months). Median sell-to-list was 100%. →

HouseLoop Value· estimated home value

Low$332,424$173/ft²

Est. ValueEstimated Value$342,705$179/ft²

High$352,986$184/ft²

Estimated Sales Range

HouseLoop Home Value History

+133.3% since 2010

$342,705Aug 2026

$146,900 · Jul 2010$342,705 · Aug 2026

HouseLoop Estimated Value* — a HouseLoop estimate, not an appraisal.

Property Details

Interior

Bedrooms & bathrooms

Bedrooms: 3
Full bathrooms: 3

Primary Bedroom

Level: First
Dimensions: 12 × 14

Primary Bathroom

Features: Walk-In Closet(s)
Level: First
Dimensions: 14 × 14

Bedroom 2

Level: First
Dimensions: 9 × 13

Bedroom 3

Features: Walk-In Closet(s)
Level: Second
Dimensions: 30 × 18

Family Room

Level: First
Dimensions: 12 × 19

Kitchen

Features: Pantry
Level: First
Dimensions: 11 × 10

Dining Room

Level: First
Dimensions: 12 × 12

Bathroom 1

Level: First
Dimensions: 7 × 5

Other Room

Level: First
Dimensions: 5 × 7

Bathroom 1

Level: Second
Dimensions: 11 × 7

Sun Room

Level: First
Dimensions: 12 × 9

Heating

Heating: Forced Air

Cooling

Cooling: Electric

Appliances

Included: Dishwasher, Disposal, Free-Standing Electric Oven
Laundry: In Basement, In Bathroom

Features

Features: Ceiling Fan(s), Walk-In Closet(s)
Flooring: Ceramic Floor, Wood
Basement: Full, Stone/Rock, Sump Pump
Fireplace features: Electric, Family Room
Other rooms: Entry, Sun Room

Interior area

Finished area above ground: 1,919 sqft
Total interior livable area: 1,919 sqft

Property

Parking

Total spaces: 2
Parking features: Detached, Garage Door Opener, Garage Faces Front

Lot

Size: 0.45 Acres
Features: On Golf Course, City Lot, Cul-De-Sac, Many Trees
Patio & porch: Patio, Porch

Construction

Type & style

Home type: Residential
Architectural style: Single Family Residence

Materials

Materials: Stone, Wood Siding

Condition

Year built: 1940
Age: 76-100 Years

Utilities & green energy

Sewer: Public Sewer
Water: Public

Highlights

Outdoor & Lot

Covered Patio
Fenced Yard
Big Backyard
Mature Trees
Cul-de-sac
Golf Course Lot

Kitchen

White Kitchen

Bathroom

Freestanding Tub

Interior

Hardwood Floors
Tile Floors

Layout

Main Floor Primary
Home Office
Sunroom
Bonus Room

Fireplace

Fireplace

Garage & Parking

Detached Garage

HOA and Amenities

HOA

Has HOA: Yes
Fee: $75 /year

Amenities

Clubhouse
Community Center
Hobby Room
Party Room
Pickleball Court(s)
Play Area
Pool

Nearby schools

GreatSchools rating

5/10Sycamore Hills Elementary SchoolGrades: PK-5 · Distance: 1 mi
7/10Bridger Middle SchoolGrades: 6 · Distance: 2.4 mi
4/10Truman High SchoolGrades: 9-12 · Distance: 0.6 mi

Source: GreatSchools (ratings on a 1–10 scale).

Schools provided by the listing agent

District: Independence
Elementary: Sycamore
Middle: Bridger
High: Truman

See other homes in the Independence district →

Source: Heartland MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

Price history

DateEventPrice

8/4/2026Pending sale$341,000$178/sqft

6/11/2026Listed for sale$355,000$185/sqft

4/25/2026Pending sale$355,000$185/sqft

4/9/2026Price change$355,000$185/sqft

3/7/2026Price change$359,900$188/sqft

2/15/2026Price change$370,000$193/sqft

1/8/2026Listed for sale$385,000$201/sqft

12/13/2025Listed for sale$341,000$178/sqft

12/13/2025Listed for sale$349,900$182/sqft

12/13/2025Listed for sale$350,000$182/sqft

5/14/2014Sold—

7/24/2010Listing removed$146,900$77/sqft

7/10/2010Listed for sale$146,900$77/sqft

Sold price not disclosed. Prices shown are the listed asking price.

Tax

Annual tax amount: $3,089 / yr

Property tax history

Year	Property tax	Assessed value
2025	$3,089	$44,977
2024	$3,089	$44,585
2023	$3,019	$44,585
2022	$2,512	$34,010
2021	$2,511	$34,010
2020	$2,255	$29,670
2019	$2,219	$29,670
2018	$2,219	$27,380
2017	$2,206	$27,380
2016	$2,108	$26,693
2014	$2,010	$25,916
2013	$1,998	$25,916

Source: public records via Zillow. Assessed value differs from market value.

Listed by ReeceNichols - Lees Summit

Listed Dec 13, 2025, 12:24 PM · Updated Aug 4, 2026, 12:23 PM · Source: Heartland MLS as distributed by MLS GRID · MLS #2592085

Price drop · $44K (8/4)

$341,000

Under Contract

1954 S Lake Terrace, Independence, MO 64055

Home ID HLID418256

beds

baths

1,919

sq/ft

273Views

233days to offer accepted

About this home

Single Family Residence

Built in 1940

0.45 acres lot

$178 / sqft

$75/yr HOA

2-car garage

See this home in person

Connect with a local HouseLoop agent to show you this home and answer your questions.

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Date

Thu, Aug 13

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Property Details

Interior

Bedrooms & bathrooms

Bedrooms: 3
Full bathrooms: 3

Primary Bedroom

Level: First
Dimensions: 12 × 14

Primary Bathroom

Features: Walk-In Closet(s)
Level: First
Dimensions: 14 × 14

Bedroom 2

Level: First
Dimensions: 9 × 13

Bedroom 3

Features: Walk-In Closet(s)
Level: Second
Dimensions: 30 × 18

Family Room

Level: First
Dimensions: 12 × 19

Kitchen

Features: Pantry
Level: First
Dimensions: 11 × 10

Dining Room

Level: First
Dimensions: 12 × 12

Bathroom 1

Level: First
Dimensions: 7 × 5

Other Room

Level: First
Dimensions: 5 × 7

Bathroom 1

Level: Second
Dimensions: 11 × 7

Sun Room

Level: First
Dimensions: 12 × 9

Heating

Heating: Forced Air

Cooling

Cooling: Electric

Appliances

Included: Dishwasher, Disposal, Free-Standing Electric Oven
Laundry: In Basement, In Bathroom

Features

Features: Ceiling Fan(s), Walk-In Closet(s)
Flooring: Ceramic Floor, Wood
Basement: Full, Stone/Rock, Sump Pump
Fireplace features: Electric, Family Room
Other rooms: Entry, Sun Room

Interior area

Finished area above ground: 1,919 sqft
Total interior livable area: 1,919 sqft

Property

Parking

Total spaces: 2
Parking features: Detached, Garage Door Opener, Garage Faces Front

Lot

Size: 0.45 Acres
Features: On Golf Course, City Lot, Cul-De-Sac, Many Trees
Patio & porch: Patio, Porch

Construction

Type & style

Home type: Residential
Architectural style: Single Family Residence

Materials

Materials: Stone, Wood Siding

Condition

Year built: 1940
Age: 76-100 Years

Utilities & green energy

Sewer: Public Sewer
Water: Public

Highlights

Outdoor & Lot

Covered Patio
Fenced Yard
Big Backyard
Mature Trees
Cul-de-sac
Golf Course Lot

Kitchen

White Kitchen

Bathroom

Freestanding Tub

Interior

Hardwood Floors
Tile Floors

Layout

Main Floor Primary
Home Office
Sunroom
Bonus Room

Fireplace

Fireplace

Garage & Parking

Detached Garage

HOA and Amenities

HOA

Has HOA: Yes
Fee: $75 /year

Amenities

Clubhouse
Community Center
Hobby Room
Party Room
Pickleball Court(s)
Play Area
Pool

Nearby schools

GreatSchools rating

5/10Sycamore Hills Elementary SchoolGrades: PK-5 · Distance: 1 mi
7/10Bridger Middle SchoolGrades: 6 · Distance: 2.4 mi
4/10Truman High SchoolGrades: 9-12 · Distance: 0.6 mi

Source: GreatSchools (ratings on a 1–10 scale).

Schools provided by the listing agent

District: Independence
Elementary: Sycamore
Middle: Bridger
High: Truman

See other homes in the Independence district →

Source: Heartland MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

Price history

DateEventPrice

8/4/2026Pending sale$341,000$178/sqft

6/11/2026Listed for sale$355,000$185/sqft

4/25/2026Pending sale$355,000$185/sqft

4/9/2026Price change$355,000$185/sqft

3/7/2026Price change$359,900$188/sqft

2/15/2026Price change$370,000$193/sqft

1/8/2026Listed for sale$385,000$201/sqft

12/13/2025Listed for sale$341,000$178/sqft

12/13/2025Listed for sale$349,900$182/sqft

12/13/2025Listed for sale$350,000$182/sqft

5/14/2014Sold—

7/24/2010Listing removed$146,900$77/sqft

7/10/2010Listed for sale$146,900$77/sqft

Sold price not disclosed. Prices shown are the listed asking price.

Tax

Annual tax amount: $3,089 / yr

Property tax history

Year	Property tax	Assessed value
2025	$3,089	$44,977
2024	$3,089	$44,585
2023	$3,019	$44,585
2022	$2,512	$34,010
2021	$2,511	$34,010
2020	$2,255	$29,670
2019	$2,219	$29,670
2018	$2,219	$27,380
2017	$2,206	$27,380
2016	$2,108	$26,693
2014	$2,010	$25,916
2013	$1,998	$25,916

Source: public records via Zillow. Assessed value differs from market value.

Offer Insights

Choose an offer strength

List price: $341,000

$334,180 – $340,659

70 to 90% chance of a winning offer

Based on 1,597 sold in Independence, MO (last 12 months). Median sell-to-list was 100%. →

HouseLoop Value

Low$332,424$173/ft²

Est. ValueEstimated Value$342,705$179/ft²

High$352,986$184/ft²

Estimated Sales Range

HouseLoop Home Value History

+133.3%

$342,705Aug 2026

$146,900 · Jul 2010$342,705 · Aug 2026

HouseLoop Estimated Value* — a HouseLoop estimate, not an appraisal.

Listed by ReeceNichols - Lees Summit

Listed Dec 13, 2025, 12:24 PM · Updated Aug 4, 2026, 12:23 PM · Source: Heartland MLS as distributed by MLS GRID · MLS #2592085