Property Overview

This 1982 one-and-a-half storey home in Elmhurst presents a compelling opportunity centered on space and established value. Its primary appeal lies in its exceptionally large, nearly 13,000 sqft lot, which places it in the top 5% of properties within the community for land size. The 1,879 sqft of living space is also well above average, ranking in the top 20% of the neighborhood. With a finished basement and an attached garage, the home offers practical, family-ready functionality. Its assessed value ranks highly, suggesting a solid foundation of equity.

The property is ideally suited for buyers who prioritize outdoor space for gardening, recreation, or future expansion over a brand-new build. It would also appeal to those seeking a home with above-average interior space in a mature neighborhood, who appreciate the character and established greenery that a 44-year-old property provides. The strong rankings across lot size, living area, and assessed value indicate a property that stands out in its locale for its substantial footprint and perceived market worth.

Frequently Asked Questions

1. What does the "one-and-a-half storey" design typically mean?
This style usually features a main floor with principal living spaces and a second floor with sloped ceilings, often housing bedrooms in a cozy, character-filled layout that differs from a full two-storey home.

2. The home is 44 years old; what should I consider?
While the finished basement and overall structure appear well-maintained, a pre-purchase inspection is crucial to understand the condition of major aging components like the roof, windows, and mechanical systems, which may need updating or budgeting for future replacement.

3. How significant is the lot size, really?
A lot of nearly 13,000 sqft is a major asset. It offers rare privacy and space for a large garden, play area, or additions like a shed or deck that wouldn't be possible on a standard lot. This is a long-term value driver that sets it apart.

4. The assessment ranks highly; does that mean the asking price is fair?
A high assessment relative to the area is a positive indicator of the city's valuation, but it is not a direct market price. It suggests a strong basis for value, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

5. What's the balance between the home's rankings for size versus age?
The property trades off being newer (it ranks average for age in the community) for significantly more space. This is a classic choice: opting for generous indoor and outdoor square footage in an established area versus a newer home that might sit on a smaller lot.