Fully renovated Langley rancher sells for $727K over assessed value

20251 49 Avenue, Langley (Cotala)

A rancher in Langley scored well above the assessed value of the home and earned more than the asking price.

20251 49 Avenue in Langley sold late last week for $2,050,000, which is $727,000 above the assessed value of $1,323,000, and $251,000 over the asking price. The previous year’s assessment was $945,000, with the land value accounting for the majority of the increase. The sale price is also much higher than the average home price in Langley, which is currently around $1.2 million.

In 2020 the house sold for $870,000, but that sale took place before the renovations were complete.

The home was listed and sold by Royal LePage on April 8, according to Zealty.ca.

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We’ve covered a bunch of different ranchers that earned well above assessed values in Chilliwack, but it seems like ranchers are fairly popular around the Fraser Valley.

Let’s see what makes this fully renovated Langley rancher so special.

The rusty mailbox might be a nod to the history of the home. 20251 49 Avenue, Langley (Cotala)

This three-bedroom, three-bathroom rancher is 45 years old, but renos were completed last year. They include new windows, new flooring, quartz counters, a new shower, new lights, new interior doors, and an air conditioning system that will come in handy this summer.

The open concept layout does wonders for the modest 2,075 sq ft home.