Property Summary: 31 Hookway Crescent
Key Characteristics & Appeal
This property is a spacious, well-established family home in Elmhurst, built in 1997. Its primary appeal lies in its generous scale and prime positioning within its community. The home features over 2,200 sqft of living space, a fully finished basement, and a rare combination of a large, 12,065 sqft lot with an in-ground swimming pool. A two-storey design with an attached garage completes the classic layout.
Its standout advantage is its consistently high ranking across key metrics. It places in the top 10% of its neighborhood for lot size, assessed value, and living area, indicating it is a premium property within a desirable area. This isn't just a large house; it's a home that offers more space and land than most in its immediate surroundings. The data suggests it suits buyers looking for a move-in ready, substantial property with established landscaping and amenities like a pool, ideal for family living and entertaining. It would particularly appeal to those who value privacy and room to grow, seeking a home that is both statistically above average for the area and offers the recreational bonus of a private pool.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being in the "top 6%" for lot size in its neighborhood means 94% of homes in Elmhurst have smaller lots. This quantifies its above-average characteristics.
2. Is a 1997-built home considered modern or dated?
Built 29 years ago, the home is well-established but not historical. It likely features a classic, functional layout that avoids the extremes of very old or very new construction. Key systems may be approaching the age where updates are considered, but the structure itself is in its prime.
3. How does the pool impact value and upkeep?
The pool is a significant lifestyle amenity for summer enjoyment and adds to the property's unique appeal. However, it requires seasonal maintenance, additional insurance considerations, and represents an ongoing cost that buyers should budget for.
4. Who might this property not suit?
It may not suit first-time buyers or those seeking a low-maintenance, lock-and-leave lifestyle due to the scale of the house and land, and the pool upkeep. It's also less suited for buyers prioritizing a brand-new, custom-build home.
5. The assessed value is $667,000; does this dictate the selling price?
Not directly. The assessed value is for municipal tax purposes. The selling price is determined by the current market, the home's condition, and buyer demand. The assessment does indicate that the city views it as a high-value property within its area, which can be a useful benchmark.