Property Overview: 1008 Beach Avenue, East Elmwood
Key Characteristics & Appeal
This is a classic, renovated one-storey home built in 1957, offering a practical and comfortable footprint of 1,024 square feet. Its key features include a renovated basement and a detached garage. The appeal lies in its solid, move-in-ready condition within a well-established neighborhood. The data reveals a home that is consistently "around average" for its immediate street and East Elmwood area in terms of living space, lot size (4,141 sqft), and assessed value, suggesting it fits seamlessly into the local fabric without extreme premiums or drawbacks.
This property would suit first-time buyers or downsizers seeking a manageable, single-level layout without major renovation projects. Its average metrics for the area indicate a predictable and stable investment, not an outlier. A thoughtful perspective is that while its size is below the city-wide average, this can translate to lower utility costs and less maintenance—a practical advantage. The 1957 build date is actually newer than many peers on the street, potentially meaning fewer age-related issues. The renovated basement adds valuable flexible space, a significant asset in a modestly sized home.
Frequently Asked Questions
1. How does this home compare to others in the area?
Based on available data, this home is very typical for Beach Avenue and East Elmwood. Its living area, lot size, and assessed value all rank solidly in the middle of the pack for the neighborhood, indicating it is a representative, not exceptional, property for the locale.
2. Is the assessed value a good indicator of the likely sale price?
Not directly. The assessed value for municipal taxes is $27,800, but the home last sold for $310,000 in 2021. Market sale prices are determined by current conditions and buyer demand, not tax assessment.
3. What are the advantages of a home that is "average" for the area?
There is a stability and predictability to it. You are less likely to be over-improved for the street, which can be a risk in resale. It also suggests the property is unlikely to have hidden issues that would make it an outlier in its metrics.
4. The lot is below the city-wide average size. Is that a concern?
For city-wide comparisons, yes. However, within East Elmwood and on Beach Avenue itself, the lot is around average. This means the yard space is consistent with what neighbors have, offering the expected amount of private outdoor space for this specific community.
5. Does the renovated basement add significant value?
Absolutely. In a one-storey home of this size, a finished basement effectively doubles the usable living space. It provides crucial room for a family room, home office, or additional storage, making the overall package more functional and appealing.