Property Overview & Appeal
809 Haney Street is a spacious, well-established family home in Elmhurst. Its primary appeal lies in its generous, mature lot of over 9,000 sqft—a rarity that places it in the top 16% of its community for land size. The home itself offers 1,345 sqft of living space across two storeys, with a finished basement and an attached garage. Built in 1961, it is a classic, solid property that has been maintained over the decades.
This home would best suit a buyer looking for space, stability, and a long-term foundation. It’s ideal for a family or someone who values a large, private outdoor area for gardening, play, or future projects more than brand-new finishes. The property offers a "blank canvas" appeal on a substantial piece of land, providing room to grow and customize over time. Its value proposition is grounded in land ownership and functional space rather than modern luxury, appealing to practical, forward-looking buyers.
Key Questions for Consideration
1. What is the true value of such a large lot?
Beyond simple privacy, a lot of this size offers significant flexibility. It allows for potential future additions like a shed, workshop, or expanded garden, and provides a sense of openness uncommon in newer subdivisions. It's a long-term asset that can adapt to a family's changing needs.
2. How should I interpret the mixed rankings for year-built and condition?
The home ranks newer than only 4% of houses in Elmhurst, indicating the neighborhood has many newer homes. This suggests a community in transition, where this property represents an opportunity to own a larger lot at a different price point than newer builds. A thorough inspection is crucial to understand the condition and any needed updates relative to the 1961 construction.
3. Is the finished basement a legal suite?
The listing notes a finished basement but does not specify it as a legal secondary suite. This is a critical distinction for buyers considering rental income or in-law arrangements. Verification with the city and a review of permits would be essential.
4. What are the implications of the assessment value versus the asking price?
The municipal assessment is $378,000. Buyers should understand this is an administrative value for tax purposes, often lagging behind the current market. The sale price will be determined by recent comparable sales, the home's condition, and current demand, not the assessment.
5. What makes the Elmhurst location desirable?
Elmhurst is a mature neighborhood with established amenities, parks, and schools. The property’s high land ranking within the area confirms it is on one of the larger, more premium lots in the community, offering a balance of convenient location and uncommon space.