Property Overview
This 1987-built two-storey home in Elmhurst presents a compelling blend of space, established character, and modern livability. Its primary appeal lies in its generous proportions and premium lot, underscored by strong performance in neighborhood and city-wide rankings. The home sits on a large, approximately 11,164 sqft lot, placing it in the top tier for land size locally. With 2,331 sqft of finished living space, a fully finished basement, an in-ground pool, and an attached garage, it is designed for comfortable family living and entertaining.
The home’s competitive positioning is clear from its data: it consistently ranks within the top 10% of homes in its community and the wider city for key metrics like living area and recent sale value. A September 2024 sale at $670,000, above its $620,000 assessed value, indicates strong market recognition. This property would best suit buyers looking for a move-in ready, established family home in a mature neighborhood, who prioritize indoor and outdoor space for gathering over a brand-new build. It’s ideal for those who value privacy on a large lot and can appreciate the care and updates a nearly 40-year-old home requires.
Key Questions for Consideration
1. What does the ranking data actually tell me?
The rankings show this home is a standout in its area. For example, being newer than 79% of homes in Elmhurst and having more living space than 96% of them confirms it's a larger, relatively modern property within an established neighborhood, not a small or outdated one.
2. The house is 39 years old. What should I budget for maintenance?
While the finished basement and recent sale suggest good upkeep, a home of this age will have core systems (roof, windows, HVAC, pool equipment) approaching or exceeding typical lifespans. A thorough inspection is crucial, and setting aside a reserve for updates is a prudent part of ownership.
3. Is the pool an asset or a liability?
This depends on the buyer. It's a fantastic private amenity for summer enjoyment and adds to the home's entertainment appeal. However, it requires dedicated seasonal maintenance, adds to utility costs, and carries insurance considerations. It's a valued feature but not one every buyer seeks.
4. How does the large lot size impact me?
The nearly quarter-acre lot offers excellent privacy, space for gardening, play, or future additions like a shed or deck. The trade-off is a larger commitment to yard work, landscaping, and snow clearing compared to a standard city lot.
5. The sale price was above the assessed value. What does that mean?
The assessed value is for municipal tax purposes and often lags behind the current market. The recent sale price at $670,000 is a clearer reflection of its actual market value as determined by a buyer, suggesting desirable features or condition not fully captured in the assessment.