Property Overview
This one-and-three-quarter storey home on Theo. Nuytten Street in Holden is a compact, historically rooted property built in 1911. With 832 square feet of living space on a 2,539 sqft lot, it is notably smaller than most homes in its immediate area, neighbourhood, and city-wide. Its key characteristic is its exceptionally low municipal assessed value of $16,400, which places it in the bottom 5% of homes locally. The home has no basement, pool, or garage.
Its primary appeal lies in its potential as a minimal-entry-point into homeownership or as a straightforward investment property due to its very low tax assessment. It suits a specific type of buyer: those seeking the absolute lowest purchase price and ongoing property tax burden, willing to take on a renovation or maintenance project in an older, character home. It could also appeal to an investor looking for a rental property with a low capital outlay and carrying costs. A less obvious perspective is that its small scale and vintage might suit someone seeking a lifestyle of radical simplicity, though this requires a readiness for the upkeep of a 115-year-old structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on a combination of the home's age, its relatively small size for a standalone house, and the lack of features like a basement or garage. It reflects the municipality's valuation for tax purposes, not necessarily a future sale price.
2. What are the implications of not having a basement?
This means all mechanical systems (furnace, water heater), storage, and living space are confined to the main footprint of the home. It can limit storage and utility options but also eliminates concerns related to basement moisture or flooding.
3. The home is much older than others on the street. What should I consider?
While it offers character, a 1911 home will likely require careful attention to foundational integrity, wiring, plumbing, and insulation. A thorough inspection is essential to understand the scope of any needed updates or repairs.
4. How useful is the sold price history from 2017?
It provides a historical benchmark, but market conditions have likely changed significantly since then. It's best used as a very general reference point, not a predictor of current value.
5. Who would this property not be suitable for?
It would not suit buyers looking for move-in-ready condition, modern amenities, space for a growing family, significant storage, or off-street parking. The project-oriented nature and compact size are its defining constraints.