Property Overview: 481 Jefferson Avenue
Key Characteristics & Buyer Appeal
This one-storey home at 481 Jefferson Avenue is a practical property that stands out for its generous lot size. With 5,880 square feet of land, the lot is notably larger than most in the immediate Jefferson area, offering above-average outdoor space for gardening, play, or future expansion. The house itself, built in 1950, is a modest 912 square feet with a renovated basement and a detached garage. Its living space and assessed value are very typical for the neighborhood, positioning it as an affordable and straightforward entry into the market.
The primary appeal lies in this balance of a manageable, updated living space on a substantial lot. It suits first-time homebuyers or practical downsizers looking for a low-maintenance home without sacrificing yard space. It would also appeal to value-focused investors or buyers who see potential in the land itself, perhaps for a future addition, garden suite, or simply as a long-term hold in a stable area. A less obvious perspective is that its "average" metrics for the street mean you're less likely to overpay for premium finishes or square footage, allowing budget to be allocated to personalization or the savings from that larger lot.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The property ranks in the top 18% for land area on Jefferson Avenue, meaning you get more yard than most nearby homes. This is its most distinguishing physical feature.
2. How does the home's size compare to others?
At 912 sqft, the living area is slightly below the city-wide average but is very typical for the Jefferson neighborhood itself, where comparable homes average about 1,029 sqft.
3. What does the assessed value indicate?
The assessed value of $28,400 is around the average for both the street and the Jefferson area, suggesting the property is priced consistently with its immediate market, not as a premium or deeply discounted listing.
4. Are recent sold prices available for this home?
The last recorded sale was in July 2022. For the exact sold price, you can request the information via email from the listing source; they provide this data manually.
5. What are the less obvious considerations?
The home's age (76 years) means systems like plumbing, electrical, or the roof should be carefully inspected despite the renovated basement. Also, while the detached garage adds flexibility, its condition and potential distance from the house are worth noting for convenience.