Property Overview
This home at 120 St Vital Road presents a specific and clear value proposition. Built in 1932, it is a notably older and more compact property within the Pulberry neighborhood, with 754 sqft of living space on a 3,997 sqft lot. Its assessed value of $250k is significantly below area averages, reflecting its profile. The appeal here is rooted in affordability and location, offering an entry point into the market with lower carrying costs. It suits first-time buyers seeking a foothold, investors looking for a rental property, or downsizers who prioritize a modest, manageable space. A thoughtful perspective is that its below-average metrics in size and value for the area could represent a lower barrier to entry with potential for personalization over time, rather than competing with newer, larger homes on their terms.
Frequently Asked Questions
Is this a good investment property?
Given its below-average purchase price compared to rents in the area, it could offer a reasonable yield for an investor. Its compact size and age would necessitate a clear understanding of maintenance history and potential costs.
Why is the assessed value so much lower than neighboring homes?
The assessment directly reflects key characteristics: it is a smaller, older home on a smaller lot than most in Pulberry. The data shows it ranks in the bottom 2% of the neighborhood for assessed value, which is consistent with these physical attributes.
What are the implications of the home's age (1932)?
A home of this age requires careful attention to foundational systems like wiring, plumbing, and insulation. While it offers classic charm, prospective buyers should prioritize a thorough inspection to understand the condition and any needed updates.
How accurate are the sold price ranges shown?
The site states sold prices are based on publicly available internet data, not the MLS, and are shown in $50k bands for non-members. For fully verified and exact historical sale figures, you must request them directly via email from the site.
The lot seems smaller than others. Is there room for expansion?
At approximately 4,000 sqft, the lot is smaller than most in the area. Any potential for an addition or major exterior change would be limited and would require a detailed review of local zoning bylaws and setback requirements.