Property Overview

This one-and-a-half storey home on Mandeville Street in Deer Lodge presents a practical and well-positioned opportunity. Built in 1940, it features 1,184 sqft of living space, a renovated basement, and a detached garage on a 4,880 sqft lot. Its recent sale in July 2023 was at $36,500, while its current assessed value is $34,900. The data suggests a home that is consistently "around average" in size and lot for its immediate area, but stands out with an assessed value that ranks in the top 19% within Deer Lodge, indicating it is viewed favorably relative to its local peers.

Key Characteristics & Appeal

The primary appeal of this property lies in its solid positioning within a stable neighborhood. It is not the largest or newest home on the block, but its above-average assessment for the area hints at good upkeep or desirable features not fully captured by the basic metrics. The renovated basement adds functional living space, a valuable asset in a home of this era. The detached garage offers flexibility for parking, storage, or workshop space.

This home would suit a first-time buyer or a downsizer looking for a manageable, single-family footprint in a well-established community. It appeals to those who value a character home but prioritize a move-in ready condition with recent updates like the basement. The buyer should be comfortable with the maintenance considerations of an older home but can take confidence from its strong standing in local assessment comparisons.

Frequently Asked Questions

1. What does the "above average" assessed value really indicate?
It means the municipal assessment is higher than most similar homes in Deer Lodge. This often reflects factors like renovations, quality of construction, or desirable lot features, but it's important to review the detailed assessment breakdown and understand future property tax implications.

2. Is the living space sufficient for a growing family?
At 1,184 sqft, it is slightly below the area average. The renovated basement provides crucial extra space, making it workable for a small family, but those needing multiple large bedrooms or dedicated living areas may find it compact.

3. What are the considerations with a home built in 1940?
While the basement has been renovated, prospective buyers should still investigate the condition of major aging components typical for the era, such as the roof, plumbing, electrical systems, and insulation, to plan for future maintenance.

4. How does the recent sale price compare to the assessment?
The home sold for $36,500 in mid-2023, which is slightly above its current $34,900 assessment. This close alignment suggests the market value and municipal assessment are in agreement, providing a clear and recent benchmark.

5. What is the benefit of a detached garage?
It provides separation from the house, which can be advantageous for noise, smells (if used as a workshop), or safety. It also offers potential for future modification or even separate utility access without major structural changes to the main house.