Property Overview: 643 Kent Road, East Elmwood
Key Characteristics & Appeal
This two-storey home, built in 1960, stands out in its East Elmwood neighborhood for its generous scale and established presence. Its primary appeal lies in its significant living space—at 2,224 sqft, it ranks in the top 12% on its own street and the top 4% within East Elmwood, offering substantially more room than area averages. This is complemented by a renovated basement and a detached garage. The property sits on a well-sized lot that is above average for the immediate area.
The home’s assessed value positions it as an elite property within East Elmwood (top 2%), suggesting a history of improvements and solid market positioning relative to neighbors. It suits buyers looking for a spacious, classic home in a mature neighborhood without the premium of newer developments. It’s particularly well-matched for families or multi-generational households who prioritize interior space over a massive yard, and for value-conscious buyers who recognize the advantage of a renovated basement and a footprint that outperforms most local comparables.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It is notably larger than most. With 2,224 sqft of living area, it surpasses the East Elmwood average by over 1,000 sqft and ranks in the top 4% of homes in the area for size.
2. What does the "Elite" ranking for Assessed Value in East Elmwood indicate?
Ranking in the top 2% for assessed value in the neighborhood suggests the property is officially valued higher than 98% of homes in East Elmwood. This often reflects the home’s larger size, renovations, and overall condition relative to its local market.
3. Is the lot size typical?
The 5,172 sqft lot is above average for East Elmwood but is closer to the average for Kent Road itself. It offers a balanced outdoor space that is manageable without being overly expansive.
4. When was it last sold, and for how much?
The property last sold in July 2017 for $340,000. This historical sale price provides context for its current assessed value and market trajectory.
5. What are the less obvious considerations for this property?
Built in 1960, the home is newer than many on its street and in the area, which can be an advantage for systems and structure. However, buyers should still consider the age and expected lifespan of major components. Its standout size and value within the neighborhood are clear, but this also means property taxes will likely align with its elite local assessment.