Property Overview
This bi-level home at 553 Matheson Avenue presents a distinct profile. Its appeal is rooted in being a more modern property within its established neighborhood, offering a renovated basement and a detached garage. The home is notably compact, with a living area well below local averages, but this is balanced by a very recent build year and a strong assessed value for its immediate area.
Key Characteristics & Ideal Buyer
The standout feature is the home’s age. Built in 2004, it is among the newest homes in the Jefferson area, ranking in the top 4% locally. This suggests potentially lower maintenance costs and modern building standards compared to neighboring, often much older, homes. It features a renovated basement and a detached garage.
The appeal lies in this modern convenience within an affordable, established neighborhood. The assessed value is strong for the street and area, indicating the property is viewed favorably relative to its peers. However, the living space (798 sq ft) and land area (2,998 sq ft) are compact, ranking in the bottom 10-15% for the local area. This creates a specific trade-off: you are acquiring a newer, efficiently built home, but with less room to grow or expand compared to typical lots.
This property would best suit a first-time homebuyer, a downsizer, or an investor seeking a modern, low-maintenance asset in a budget-conscious area. It’s for those who prioritize a newer build and a renovated basement over square footage and large outdoor space. The efficient layout may also appeal to someone looking to minimize utility and upkeep costs.
Frequently Asked Questions
1. Is the low square footage a concern?
It is the home’s most significant compromise. At 798 sq ft, the living area is substantially smaller than the local average. Buyers should be comfortable with a compact, efficient layout, though the renovated basement provides additional usable space.
2. Why is the assessed value high for the area despite the small size?
The assessed value reflects the property’s relative newness (2004) and recent renovations. In a neighborhood where most homes are decades older, these modern features carry a premium, offsetting the lower square footage in the assessment.
3. What does the "Elite" ranking for Year Built mean?
This statistical ranking confirms the home is exceptionally new for its immediate surroundings. On Matheson Avenue and in the wider Jefferson area, it is newer than approximately 96% of comparable properties, which is a rare find.
4. How does the lot size impact future plans?
The lot is smaller than most in the area. This likely limits possibilities for major additions, such as a large extension or a separate garage workshop. It’s suitable for low-maintenance outdoor living but not for expansive projects.
5. How reliable are the sold price ranges shown?
The listed ranges are estimates based on public data. For precise historical sale prices, you must request the information directly via the provided email service, as this data is verified and delivered manually.