Property Overview
This 1,048 sqft one-storey home, built in 1955, sits on a notably large 5,217 sqft lot in East Elmwood. Its key appeal lies in the balance it strikes: it offers a living space that is comfortably above average for its immediate street and neighborhood, but its standout feature is the generous, elite-sized lot for the area. This presents a classic "value in the land" scenario. The home itself is newer than many on its street and maintains an assessed value that is competitive locally. It would particularly suit a first-time buyer or practical investor looking for a solid footprint in a established neighborhood, with the future potential that a large lot affords—whether for expansion, gardening, or simply having more private outdoor space than most nearby properties.
Frequently Asked Questions
How does the home's size compare to others nearby?
At 1,048 sqft, the living area is above the average for both Chalmers Avenue E and the wider East Elmwood neighborhood, placing it in the top 30% locally.
What is the significance of the lot size?
The 5,217 sqft lot is a key feature, ranking in the top 5% on its street and top 16% in East Elmwood. This is substantially larger than many neighboring properties and is a primary asset of this listing.
Is the assessed value typical for the area?
Yes. The assessed value is above average for the specific street and around the neighborhood average, suggesting it is priced in line with local market norms for its characteristics.
What does the year built indicate?
Built in 1955, the home is newer than most on its block (top 16%), which may suggest updates to core systems or a slightly different layout compared to the many pre-war homes in the area.
Are recent sale prices available for context?
The provided data shows a nearby home with a similar assessed value sold in March 2024 for $23,500, offering a recent benchmark for the price range in this part of East Elmwood.