Property Overview: 683 Centennial Street
Key Characteristics & Appeal
This 4-level split home, built in 1957, presents a compelling blend of space, value, and location. Its primary appeal lies in its above-average living area of 1,560 sq ft, which ranks within the top 8% of homes on its street and the top 6% within the J.B. Mitchell area. This generous interior space is paired with a renovated basement, adding functional living area. The detached garage and a standard city lot of just over 5,000 sq ft provide practical outdoor and storage space.
The property’s standout feature is its assessed value, which is positioned in the elite top 3% for the J.B. Mitchell neighborhood. This suggests a strong perceived value relative to nearby homes, potentially offering more house for the dollar in a sought-after area. The home would suit practical buyers looking for established-character homes with room to grow, or value-conscious purchasers who prioritize square footage and neighborhood standing over a brand-new build. It’s a solid choice for someone seeking a home that already ranks well above local averages in key metrics, offering a move-in-ready foundation with a renovated lower level.
Frequently Asked Questions
1. What does the "elite" assessed value ranking mean?
It means the home’s official assessed value is higher than 97% of comparable properties in the J.B. Mitchell neighborhood. This typically indicates the property is considered more valuable than most in the immediate area, which can be a positive sign for equity, though property taxes will be based on this assessment.
2. Is a 4-level split layout efficient?
This style, common in its era, creates distinct living zones across multiple half-levels, which can offer good separation between living, sleeping, and recreational spaces. It can feel more compartmentalized than an open-concept modern layout, but provides clear definition for rooms.
3. How does the lot size compare?
At 5,096 sq ft, the lot is very close to the average for both the street and the wider city. It provides a typical urban yard—sufficient for gardening, play, or entertaining, but not an unusually large or small parcel.
4. The home sold in 2023; is the current price much higher?
The provided sold price range from March 2023 is significantly lower than the current assessed value. This discrepancy highlights how assessed values for tax purposes can differ from market prices and how market conditions can change. Interested buyers should research recent comparable sales.
5. What are the implications of the renovated basement?
A renovated basement legally increases the home’s usable living area. It’s a significant value-add, providing extra space for family, guests, or hobbies without the need for a major project. Ensure renovations were done with proper permits.