Property Overview: 757 Cathcart Street
This 1981-built, one-storey home in Elmhurst offers a practical and spacious layout on a large 6,048 sqft lot. Its key appeal lies in its established neighborhood setting and a footprint that provides room to grow. The 1,320 sqft living area is above average for its street and community, and it features a finished basement and an attached garage. The property's assessed value has risen significantly since its 2021 sale, indicating strong market recognition for the area and this home type. It suits buyers looking for a solid, single-level home with a generous yard, who value space over a modern build. It's particularly well-suited for first-time buyers seeking a manageable layout, downsizers wanting single-floor living without sacrificing lot size, or investors attracted by the steady appreciation in a mature neighborhood.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home ranks highly on its street for lot size, assessed value, and living area, meaning it offers more space and is valued higher than most direct neighbors. Its overall footprint is more competitive locally than within the broader Elmhurst community.
2. What does the price history and assessment tell us?
The current assessment of $449,000 is notably higher than the 2021 sale price of $390,000. This suggests the market has recognized increased value in the property and area over the last few years, though the final sale price is always determined by current market conditions.
3. Is the basement included in the listed living area?
No. The listed living area of 1,320 sqft refers to the above-ground living space. The home also has a separate, finished basement, which adds additional usable space not reflected in that square footage figure.
4. What are the less obvious pros and cons of a 45-year-old home?
A key advantage is the larger lot size typical of older subdivisions, offering outdoor space newer developments often lack. Potential considerations include the age of major mechanical systems (like roof, furnace) which may be nearing or past their typical lifespan, and the possibility of older wiring or plumbing.
5. Who might this property not suit?
It may not be ideal for buyers seeking a modern, open-concept layout or a brand-new, low-maintenance home. The single-storey design with a finished basement also means all primary living is on one floor, which could be a pro or con depending on preference for separation of space.