Property Overview & Key Characteristics
This one-storey home at 1056 Theo. Nuytten Street in Holden is a compact, no-frills property built in 1955. Its primary appeal lies in its affordability and manageable scale, underscored by a very low municipal assessed value of $19,800. With 750 sqft of living space and a detached garage, it sits on a roughly 5,000 sqft lot, which is a notable feature, offering more outdoor space than many immediate neighbors. The home lacks a basement and pool.
The property suits practical, budget-conscious buyers. It could be an entry point for a first-time homeowner willing to live modestly and potentially renovate over time, or an investor looking for a straightforward rental property with minimal overhead. Its below-average size and value for the city suggest it’s not for those seeking ample indoor space, but the above-average lot size for the street hints at potential for expansion or gardening, offering a less obvious angle of value for a hands-on buyer.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's smaller size, age, and the relative values within the Holden neighborhood. It indicates a lower property tax burden, which is a key part of its affordability.
2. What does "no basement" mean for storage and utilities?
All living space and mechanical systems (like the furnace and water heater) are on the main floor. This can be advantageous for accessibility but requires creative storage solutions, as there is no below-ground storage area.
3. How does the lot size compare, and why does it matter?
At over 5,000 sqft, the lot is larger than many on the same street. This provides more private outdoor space than typical for the area and could be a factor for future landscaping, adding a deck, or even an addition, subject to local zoning.
4. The home last sold in mid-2021. What does that price range indicate?
The reported sale price range from 2021 aligns closely with the current assessed value, suggesting a stable, low-value market for this specific type of property in this location.
5. Who would this property not be suitable for?
It likely wouldn't suit a growing family needing multiple bedrooms or more living space, someone wanting a modern, turn-key home, or a buyer who places a high priority on features like a basement, ensuite bathroom, or garage attached to the house.