Property Overview
This one-storey home at 222 Overdale Street in Deer Lodge presents a unique profile. Built in 1962, it is a notably newer construction compared to most homes in its immediate area and neighbourhood. With 1,229 sqft of living space and a renovated basement, the house sits on a generous 6,006 sqft lot. Its assessed value is significantly above average for Deer Lodge, indicating strong official valuation relative to nearby properties. The home features a detached garage and last sold in September 2023.
Key Characteristics & Appeal
The primary appeal of this property lies in its modern context within an established neighbourhood. Being one of the newest homes on the street and in Deer Lodge offers practical benefits like potentially fewer major age-related repairs compared to neighbours. The renovated basement adds functional living space. Its above-average lot size for the area provides valuable outdoor space and potential.
This home would suit a buyer looking for a manageable, single-level layout in a mature community, who values a home that stands out for its relative newness. It’s also a compelling option for those interested in a property with a strong assessed value foundation for its locale. The buyer should be comfortable with a living area that is cozy for the street but average for the wider city, prioritizing lot size and modern build year over sheer interior square footage.
Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. At 1,229 sqft, the living area is below the average for Overdale Street, where comparable homes average about 1,588 sqft.
2. Why is the assessed value so high for the area?
The assessed value of $42.80k ranks in the top 2% for Deer Lodge, far above the neighbourhood average. This is likely influenced by the home's newer age (1962) and the renovated basement, as assessed values consider condition and updates.
3. How does the lot size compare?
The 6,006 sqft lot is above average for the Deer Lodge neighbourhood, providing more private outdoor space than many surrounding properties.
4. What does the sale history indicate?
The home sold recently in September 2023 for $47.80k. A previous sale in 2016 was for $350k. It’s important to consult with a real estate professional to understand market trends between these periods.
5. Is this a good investment for the area?
The combination of a newer build, a renovated basement, and an above-average lot in an established neighbourhood are strong fundamental traits. Its high assessed value within Deer Lodge suggests it is already viewed as a premium property for the locale.