Property Overview: 711 Ash Street, Central River Heights
Key Characteristics & Appeal
This two-storey home, built in 1954, presents a compelling opportunity in the sought-after Central River Heights neighborhood. Its primary appeal lies in its generous scale and established location. With 2,134 sqft of living space, the home is notably larger than most in the area, ranking in the top 5% of the neighborhood for size, offering ample room for family living. The property sits on a 5,424 sqft lot, which is comfortably above average for the street and provides good outdoor space. A key modern update is the renovated basement, adding valuable finished square footage. The home also features a detached garage.
The property would best suit a buyer looking for a character home with above-average interior space who values a mature, central neighborhood. It’s ideal for someone ready to take on a home with good bones and a recent basement renovation, but who may have their own vision for updates to the main living areas. A thoughtful perspective is that while the assessed value is strong for the area, the 2019 sale price was notably lower, which could indicate significant upside potential or a project that was underway and is now reflected in the higher assessment.
Frequently Asked Questions
1. How does the lot size compare to others in the area?
The 5,424 sqft lot is larger than average for both Ash Street and the broader Central River Heights neighborhood, placing it in the top 35-46% of comparable properties. It offers more outdoor space than many homes in this central location.
2. The home was built in 1954. What does that mean for a buyer?
While not a new build, the year of construction is actually above average for this established street and neighborhood, ranking in the top 24% and 16% respectively. This suggests the home is among the newer properties on a street of character homes, potentially meaning somewhat newer core systems.
3. Is the living space as large as it seems from the data?
Yes. With 2,134 sqft, the living area is a standout feature. It ranks in the elite top 5% for Central River Heights, meaning it offers significantly more interior space than the typical neighborhood home, which averages around 1,346 sqft.
4. What is the significance of the renovated basement?
The renovated basement adds immediate functional living space without the need for a major project. This is a valuable update in a home of this era, effectively increasing the usable square footage beyond the already generous main living area.
5. How should I interpret the difference between the 2019 sale price and the current assessed value?
The assessed value is a municipal valuation for tax purposes, while the sale price is determined by the market. The increase suggests the property has seen improvements (like the basement renovation) or that market values in the area have risen. It’s a starting point for discussion, and a current market evaluation is recommended to determine today’s listing price.