Property Overview
This bi-level home at 187 Gordon Avenue presents a distinct profile. Its primary appeal lies in being a modern structure within an established neighborhood. Built in 2013, it is a notably newer home compared to most in the Chalmers area and on its own street, where the average build year is from the early 20th century. This suggests updated building systems and potentially lower immediate maintenance. The home features a renovated basement, adding functional living space to its 847 sqft main floor.
The property suits practical, value-oriented buyers. It's ideal for a first-time homeowner seeking a modern, low-maintenance footprint, or an investor looking for a relatively new rental property in a mature area. The lot size is generous for the street, offering above-average outdoor space for the immediate locale. It’s important to note that while its assessed value is high for the neighborhood, the living space is compact, prioritizing land and newness over square footage. The absence of a garage is a trade-off for the lot size and modern build.
Frequently Asked Questions
1. Why is the assessed value so high compared to the sale price history?
The assessed value reflects the city's valuation for tax purposes, which strongly factors in the property's modern build year (2013) compared to its older neighbors. The recent sale price is determined by the market and may reflect other factors like interior condition or specific buyer demand.
2. What does "above average" for land area on the street mean practically?
With 2,744 sqft of land, this lot is larger than most on Gordon Avenue. This could allow for more private outdoor space, gardening, or potential for additions like a shed or deck, compared to tighter neighboring lots.
3. Is a bi-level home suitable for someone with mobility concerns?
Potential buyers should be aware that bi-level designs typically have a short flight of stairs to the main living area from the entrance, and another flight down to the basement. This may not be ideal for those seeking single-level living.
4. The home sold recently in 2022 for a significantly lower price than in 2018. What does this indicate?
This could reflect various market conditions or property-specific factors at the time of each sale. It underscores the importance of a current home inspection to understand the property's condition irrespective of past sale prices.
5. There's no garage. What are the parking options?
The property listing shows no garage. Buyers should verify the availability of on-street parking permits or the possibility of creating a dedicated driveway or parking pad on the lot, given its above-average size for the street.