Property Overview: 107 Quayside Cove, Island Lakes
Key Characteristics & Appeal
This 1988 bi-level home at 107 Quayside Cove presents a specific and compelling value proposition. Its primary characteristic is a modestly sized, 826 sqft living area, which is notably below average for both the immediate street and the broader Island Lakes neighborhood. However, this is balanced by a generously sized, above-average lot of over 7,100 sqft. The home features a renovated basement and a detached garage.
Its appeal lies in this land-to-structure ratio. It offers significant outdoor space and future potential in a mature, established area, all at an assessed value that is around the city-wide average. The property suits practical, value-oriented buyers such as first-time homeowners comfortable with a cozy interior footprint, or investors/renovators who see the large lot as the key asset for future expansion, gardening, or outdoor living. It’s less suited for those seeking immediate move-in space or a standard-sized family home without renovation plans.
Frequently Asked Questions
1. Is the living space too small for a family?
The 826 sqft main living area is compact. It would suit a small family, a couple, or an individual comfortably, but may feel tight for larger families unless the renovated basement is fully utilized as additional living space.
2. What does the "above-average" land area actually mean for me?
With a lot size ranking in the top 15-25% of the area, you have more private outdoor space than most neighbors. This allows for larger gardens, play areas, patios, or even future additions like a shed or deck, which is rare for homes at this price point in the neighborhood.
3. The assessed value seems low for Island Lakes. Why?
The assessed value of $39,600 is below the neighborhood average, which largely reflects the home’s smaller-than-average square footage. This can represent an opportunity to enter a desirable neighborhood at a lower price point, with property taxes based on this assessment.
4. How does the 1988 build year affect the home?
Built in the late 1980s, the home is of average age for the street. Buyers should expect maintenance consistent with a house of this era, but also appreciate that major systems like roofing, windows, or HVAC may be nearing or have undergone updates.
5. What is the significance of the 2017 sale price shown?
The sold price range from 2017 provides historical context, but it is not indicative of current market value. The market has evolved significantly since then. For an accurate, current valuation, consulting a local realtor and reviewing very recent comparable sales is essential.