Property Overview
This one-storey home on Mccalman Avenue in East Elmwood presents a practical and value-oriented opportunity. Its key appeal lies in a desirable combination of a recently renovated basement, a detached garage, and a lot size that is above average for the immediate street. At 793 sqft, the living space is modest, placing it below the area average, which suggests a efficient, low-maintenance footprint. The home’s assessed value ranks well above average for both the street and the neighborhood, indicating strong perceived value relative to its peers, a fact underscored by its sale price in April 2024. Built in 1956, it is newer than many homes on the street.
This property would suit first-time buyers seeking an entry point into homeownership with some modern updates already complete, or investors looking for a manageable rental property. It also appeals to downsizers or those who prefer single-level living without a large yard to maintain. A thoughtful perspective is that while the house itself is compact, the proportionally larger lot and above-average assessment for the area could offer better long-term value appreciation potential than a similar-sized home on a smaller lot.
Frequently Asked Questions
Q: How does the size of this home compare to others in the area?
A: The living area is 793 sqft, which is below the average for both Mccalman Avenue and the wider East Elmwood neighborhood. This indicates a more compact, efficient home.
Q: What does the assessed value ranking tell me?
A: The home's assessed value is in the top 26% for East Elmwood, meaning it is valued higher than most comparable homes in the neighborhood. This often reflects updates, lot size, or overall condition.
Q: Has the home been updated recently?
A: The listing specifically notes the basement has been renovated. The home was also sold very recently in April 2024.
Q: Is the lot a good size?
A: Yes. The land area of 4,399 sqft is above the average for Mccalman Avenue, providing more outdoor space than many direct neighbors.
Q: What is the significance of the home being built in 1956?
A: For this specific street, a 1956 build date is newer than the average, which may suggest updates to core systems compared to older homes nearby. City-wide, its age is fairly typical.