Property Overview
This one-storey home on Mccalman Avenue in East Elmwood presents a practical and well-positioned opportunity. Its key appeal lies in its strong standing within its immediate neighborhood. While its 884 sqft living area is modest by city-wide standards, it is quite typical for the street and area. The home’s assessed value is notably above average for both Mccalman Avenue and East Elmwood, suggesting it may offer better finishes, condition, or lot appeal than many nearby comparables. A renovated basement adds functional living space. The property sits on a standard-sized lot for the area and includes a detached garage.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in an established neighborhood. Its above-local-average assessment could appeal to value-conscious buyers who see potential in a home that already outperforms many of its direct peers. It’s a property for someone prioritizing neighborhood value over sheer square footage.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: At 884 sqft, the living area is very close to the average for both Mccalman Avenue and the wider East Elmwood area. It’s a comfortably standard size for this specific location.
Q: The assessed value seems low. Is that accurate?
A: The assessed value is for municipal tax purposes and is not the market value. Importantly, this assessment is in the top 21-26% for the local area, indicating the property is viewed favorably compared to its immediate neighbors.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify the details. This would be a key point to clarify with the seller or listing agent regarding the finish, ceiling height, and permitted uses.
Q: Is a home built in 1956 a concern?
A: The 1956 build year is actually newer than many homes on the same street and in East Elmwood. While systems like plumbing, electrical, and the roof will require due diligence, the home is relatively younger than much of the housing stock in the vicinity.
Q: How does the last sale price relate to today’s value?
A: The home sold for $280,000 in October 2020. This price was well above the local average at that time, reinforcing the pattern of this property historically commanding a premium within its micro-market. Current market conditions will determine present value.