Property Overview

This 768 sqft, one-storey home on a 2,795 sqft lot in Deer Lodge presents a compact and efficient living space. Built in 1953, it is newer than many homes in the immediate neighborhood. Its key feature is a renovated basement, adding functional space. The home lacks a garage or pool. Its most notable characteristic is its assessed value, which is above average for its street and around average for Deer Lodge, suggesting it is a well-maintained property within its local context. However, its living space is below average for the area.

Section 1: Key Characteristics & Appeal

The primary appeal of 392 Truro Street lies in its practicality and position within a well-established neighborhood. It is a home that prioritizes function and upkeep over size. The renovated basement is a significant asset, effectively expanding the usable living area of this smaller-footprint house. Its above-average assessment for the street indicates a property that has been maintained or updated relative to its direct peers.

This home would suit first-time buyers, downsizers, or investors seeking an affordable entry into the Deer Lodge area without the maintenance of a larger property. It’s for someone who values a renovated, low-maintenance interior over expansive square footage or a large yard. A thoughtful perspective is that this property represents a strategic compromise: you’re acquiring a stake in a mature neighborhood with the benefit of recent updates (the basement), while accepting a smaller scale of living space and land compared to area averages.

Section 2: Frequently Asked Questions

1. Is the house actually smaller than most in the area?
Yes. At 768 sqft, the living area is below the average for both Truro Street and the wider Deer Lodge neighborhood, placing it in the smaller third of homes locally.

2. What does "above average assessed value for the street" mean?
It means that according to municipal assessment, this property’s value is ranked higher than most on Truro Street. This often reflects factors like renovations, condition, or lot desirability compared to its immediate neighbors.

3. What are the implications of not having a garage?
Parking will be limited to driveway or street. This is a common feature in older neighborhoods but means considering vehicle security, winter snow clearing, and storage solutions.

4. The lot seems smaller than average for Deer Lodge. Is that a concern?
The lot is around average for Truro Street but below average for Deer Lodge as a whole. This means lower outdoor maintenance but also less private yard space. It aligns with the home’s overall theme of efficient, manageable upkeep.

5. How does the 2022 sale price relate to the current assessed value?
The home sold for $34.10k in May 2022, which was above the local averages at that time. The current assessed value is $29.60k. It's important to note that assessed value for taxation purposes and current market value can differ. Consulting a real estate professional for a current market analysis is recommended.