This subtle, but very elegant Elmwood Village beauty at 545 Lafayette Avenue is new on the market. They are asking $650,000 to make it yours. Eleven years ago it sold for just $255K. Go back a few more years to the nineteen nineties and its likely this house barely poked its head above the $100 grand mark. I remember the city holding a fire sale on its incredible stock of Victorian houses back then, even in the Elmwood area. Seemingly every block had multiple houses for sale and prices were low and dropping. It was a precarious time for the city. Today things are very different. City property is very hot with demand growing with each passing week. This house will not stay on the market long.
Built in 1890, it is in mint condition today, with tasteful upgrades, lots of amenities, and a fabulous back yard. It is a big house with five bathrooms and seven bedrooms, but has a cozy family friendly feel. Zillow says the taxes are $1630 per year, but places it at a much higher $7800 in their monthly cost calculation. They say with 20% down you can be in this palace for $3130 a month (mortgage, taxes, insurance).
Here is the owner’s pitch: This home is updated, open, and bright with lots of natural light beaming throughout. The floors have been refinished and the walls have a designers touch. There is plenty of extra living space for each family member including two home office spaces, a large Artist studio, a playroom for the children, a fenced yard and dog run adjacent to the deck, and a hot tub just steps from the home to decompress. City life is good in this beautiful Elmwood Village home located in the heart of great shopping, restaurants, and parks. Also, an additional (included) lot located behind the garage for gardening and outdoor play.