Property Overview
This one-and-a-half storey home on Humboldt Avenue in Glenwood presents a practical opportunity with notable strengths. Its key appeal lies in the combination of a renovated basement and a generous, above-average lot size for the immediate area. At approximately 5,100 sqft, the land parcel offers valuable outdoor space and potential that stands out on its street. The home itself, with 900 sqft of living space, is modestly sized but positioned well within its local context. A detached garage adds functional storage or workshop space.
The property would suit first-time buyers or downsizers looking for a manageable footprint in a well-established neighborhood without a major renovation project. Its above-average assessed value for the street suggests it may be in better relative condition or offer more features than some immediate neighbors. The significant price appreciation between its 2017 and 2024 sales indicates strong demand for homes in this category, appealing to those who view real estate as a long-term investment in a stable community.
Frequently Asked Questions
1. How does the lot size compare to others?
The 5,100 sqft lot is a standout feature, ranking in the top 9% on Humboldt Avenue and the top 28% in the broader Glenwood area. This means it offers more outdoor space than most comparable properties nearby.
2. Is the living space small for the area?
At 900 sqft, the living area is slightly below the Glenwood average but is very typical for Humboldt Avenue itself. It represents a more compact, efficient layout rather than an unusually small home for this specific street.
3. What does the "above average" assessed value indicate?
With an assessed value ranking in the top 29% on its street, this property is legally valued higher than most of its direct neighbors. This often reflects factors like the renovated basement, lot size, or overall condition, suggesting it may be a premium offering on the block.
4. The home was built in 1949. Is that a concern?
While older than many city-wide averages, the home is actually newer than most on Humboldt Avenue (ranking top 24%). In this established neighborhood, its age is typical and the renovated basement indicates some key modernization.
5. How has the property's value changed?
Based on sold price ranges, the property's value increased significantly between its 2017 and 2024 sales. This trend mirrors broader market movements and suggests the area has seen substantial appreciation over that period.