Property Overview: 253 Mcadam Avenue
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1908, presents a classic character property with a renovated basement. Its primary appeal lies in offering above-average living space for its Jefferson neighborhood and street, featuring 1,326 sqft which ranks in the top 12% locally. This makes it a notably roomier option compared to many area homes. The property sits on a 4,088 sqft lot, providing adequate outdoor space typical for the area.
The home’s assessed value is notably below average at $23,300, which is a consistent trend across the street, neighborhood, and city. This, combined with its recent sale in late 2023 for an estimated mid-$20k range, positions it as an accessible entry point into the market. It suits practical, value-conscious buyers—such as first-time homeowners or investors—who prioritize interior space over modern construction dates or premium lot size. A thoughtful perspective for this buyer is recognizing that while the home is historic, its below-average assessment for the area might indicate either a need for modernization or a genuine opportunity, depending on the condition of the main and upper floors beyond the renovated basement. The lack of a garage is a trade-off for the lot size and price point.
Section 2: Frequently Asked Questions
1. What does the low assessed value indicate?
The assessed value of $23,300 is significantly below averages for the street, neighborhood, and city. This typically reflects the home’s age (1908) and the methodology used for property assessment, which may not capture recent interior renovations. It’s important to get a professional appraisal for market value.
2. How does the living space compare practically?
With 1,326 sqft, this home offers more living area than approximately 88% of comparable homes in Jefferson. This is a key advantage, providing more room than is typical for the price point in this area.
3. What should I consider about the year built (1908)?
While the basement is renovated, a home from 1908 will likely have older building systems and materials. A thorough inspection is crucial to understand the condition of the foundation, wiring, plumbing, and structure of the original house.
4. Is the lot size a limitation?
At 4,088 sqft, the lot is below the area average but not exceptionally small. It provides reasonable yard space but may limit expansion possibilities like a large addition or garage if that’s a future goal.
5. Why is the exact sold price not publicly listed?
The precise sale price from October 2023 is held in proprietary databases. The provided range ($23.5k - $26.5k) is based on public data estimates. You can request the exact figure from the site via email.