Property Overview: 51 Rudolph Bay
Key Characteristics & Appeal
This 1972-built home on Rudolph Bay presents a practical and value-conscious opportunity. With 867 square feet of living space on a 3,097 sqft lot, its physical footprint is modest, ranking below neighborhood and city averages for size. However, this is balanced by its assessed value of $267k, which is notably above the average for its own street. This suggests the property may offer better finishes, condition, or a more desirable placement on the block compared to its immediate neighbors.
The primary appeal lies in its value proposition and established location. It suits first-time buyers seeking an entry point into the Valley Gardens neighborhood without the premium price of a larger lot or newer home. It would also appeal to downsizers or investors looking for a lower-maintenance property in a mature area. A thoughtful perspective is that while the lot is smaller than most, it requires less upkeep, and being on a street where this home's value ranks highly (#13 out of 52) can indicate a stable or appreciating micro-market within the broader area.
Frequently Asked Questions
1. Is this a small house?
Yes. At 867 sqft, the living area is below the average for the neighborhood (1,117 sqft) and the city (1,342 sqft). It is a compact, efficiently sized home.
2. Why is the assessed value higher than the street average?
The home's assessed value of $267k ranks above the street average of $263.2k. This typically reflects factors like the home's condition, updates, or a favorable lot location compared to other homes on Rudolph Bay.
3. How does the lot size compare?
The lot of 3,097 sqft is smaller than most in the area. It is below the street average (4,066 sqft) and significantly below the neighborhood (5,293 sqft) and city (6,570 sqft) averages, meaning outdoor space is limited.
4. Is the home older than others nearby?
Built in 1972, it is actually newer than many on its street (ranking #4 out of 52) and is close to the neighborhood average build year of 1976. It is a standard-age home for this established area.
5. What do the rankings mean?
The rankings (e.g., Top 25%) show how this property compares to similar ones in that category. A lower "Top %" means a better rank. For example, being in the Top 25% for value on its street is a strong position, while being in the Top 75% for lot size means lots are generally larger.