Property Overview
This 1983-built, one-storey home in Elmhurst offers a practical and comfortable living arrangement. Its key appeal lies in being a well-maintained, single-level property on a spacious 5,660 sqft lot, featuring a finished basement and an attached garage. The home’s size (1,112 sqft) is manageable, suiting first-time buyers, downsizers, or investors seeking a low-maintenance layout. Its strength is in its established neighborhood setting and a lot size that offers room for gardening or outdoor space, which is less common for newer builds in this price range. The 2021 sale price suggests the market has previously valued it above its current assessment, indicating a history of buyer interest. This property would best suit buyers prioritizing a quiet street, a single-level floor plan, and the value of a larger lot over having a brand-new or particularly large interior.
Frequently Asked Questions
1. How does the age of the home (built in 1983) affect it?
While 43 years old, the home ranks as newer than most on its street, suggesting it's among the more modern properties in the immediate area. Buyers should budget for updates consistent with its era but can be reassured it's not an older outlier in the neighborhood.
2. What do the ranking percentages actually mean for a buyer?
They provide context. For example, being in the "top 39%" city-wide for value means its assessment is competitive, but ranking in the "top 76%" for size in the community confirms it's a more compact home within Elmhurst, highlighting its efficient use of space.
3. The last sale was in 2021 for $441,000, but the assessment is now $393,000. Why the difference?
Assessed value is for municipal tax purposes and often lags behind the dynamic market. The 2021 sale price is a concrete data point showing what a buyer was willing to pay at that time, which can be a more relevant benchmark for current market value than the assessment alone.
4. Is the finished basement included in the 1,112 sqft living area?
No, the 1,112 sqft refers to the above-ground living space. The finished basement is an additional area, adding functional square footage for recreation, storage, or extra rooms.
5. Who would this property not suit?
It may not suit buyers looking for a large, open-concept modern layout or those needing extensive above-ground square footage. Its appeal is geared more towards practicality, lot size, and single-level living rather than spacious, contemporary interiors.