Property Overview: 85 Tache Avenue, Norwood West
Key Characteristics & Appeal
This home presents a compelling mix of established value and character. Built in 1911, it is notably older than most homes in the area, offering classic charm but also implying a need for diligent maintenance and potential updates. With 1,498 sqft of living space, the interior size is comfortably above the city-wide average, providing ample room without being overly expansive.
The property’s primary appeal lies in its strong assessed value of $463k, which sits above average for its street, neighborhood, and the entire city. This suggests it is perceived as a solid asset in a desirable location. However, the lot size of 3,957 sqft is smaller than typical for the area, which may limit expansive outdoor projects but also translates to less yard upkeep.
This home would suit a buyer who appreciates the established, tree-lined feel of Norwood West and is looking for a character home with proven value appreciation. It’s ideal for someone not intimidated by the care an older home requires and who prioritizes interior space and location over a large yard. The last known sale was between $450k-$500k in late 2021.
Frequently Asked Questions
1. What does the above-average assessed value actually indicate?
It generally reflects the city’s estimation of the property’s worth for tax purposes, often influenced by location, home size, and recent sales of comparable properties. A value consistently above averages in all categories suggests a well-regarded location and a property that holds its value.
2. As a 115-year-old home, what should I be prepared for?
While full of character, key systems like plumbing, electrical, the roof, and the foundation should be carefully inspected. Older homes can have unique upkeep needs and may lack modern insulation or layouts, but they also often feature higher-quality materials and craftsmanship no longer common today.
3. The lot is smaller than others on the street. Is that a major drawback?
This depends on your lifestyle. It limits potential for large additions, pools, or extensive gardens. However, it means less maintenance, lower landscaping costs, and often a closer, more community-oriented streetscape. It’s a trade-off between private outdoor space and convenience.
4. How reliable is the sold price data shown?
The provided sale range is based on publicly available data, not the official MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site, which they provide via email.
5. The home sold in 2021. What does that mean for the current market?
The 2021 sale price establishes a previous benchmark, but it does not dictate current value. The market has evolved since then. The assessed value offers a more recent snapshot, but the true market price will be determined by current conditions, the home’s present state, and buyer competition.