Property Summary: 43 Avril Lane
Key Characteristics & Appeal
This 1983-built, two-storey home in Elmhurst offers 1,889 sqft of living space on a generous 5,197 sqft lot. Its key features include a fully finished basement and a living area that is notably spacious for its community, ranking within the top 19% of the neighborhood. The property’s primary appeal lies in its established setting and solid footprint, providing ample room for a growing family. It suits buyers looking for a move-in-ready home with room to grow, who value space over brand-new condition, and who are comfortable in a mature, well-settled area. A thoughtful perspective is its 2022 sale price of $547,000, which significantly exceeds its current assessed value of $479,000; this may indicate a premium was paid for specific upgrades or market conditions at the time, presenting a nuanced point for value consideration.
Frequently Asked Questions
1. How does the property rank for size and value in the area?
The home ranks very well for living space, placing in the top 19% within Elmhurst. Its assessed value, however, ranks in the top 34% of the community, suggesting it is viewed as a good value relative to its size.
2. What is the condition of the home given its age?
Built in 1983, the home is 43 years old. It ranks as newer than about 60% of homes in Elmhurst, placing it in the middle of the pack for the neighborhood. Buyers should budget for updates consistent with a home of this vintage.
3. Is there a garage or swimming pool?
No, the property listing specifies it has neither a garage nor a swimming pool.
4. Why was the 2022 sale price higher than the current assessment?
The home sold for $547,000 in July 2022, which is well above its current $479,000 assessment. This is not uncommon and can be due to a hot prior market, specific renovations not fully reflected in the assessment, or a premium paid for desirable lot features.
5. How does the lot size compare to others?
The 5,197 sqft lot is a strong asset, ranking in the top 25% of lots on Avril Lane itself, offering above-average outdoor space for the immediate street.