Property Overview & Key Characteristics
This 1965-built, single-story home in Varsity View offers a practical and grounded living proposition. Its primary appeal lies in a combination of established neighborhood character and a very generous, mature lot of over 5,300 square feet—a rarity that provides significant outdoor space and potential. The home itself features a functional, fully-finished basement and a modest living area of just over 1,000 sqft, presenting a manageable footprint.
Its value is best suited to specific buyers: first-time homeowners seeking an entry into a desirable area without a massive initial footprint, downsizers looking for single-level living and a low-maintenance yard to enjoy, or value-oriented investors attracted by the lot size and location. A less obvious perspective is its appeal to those who see potential in the land itself; the large lot in a central neighborhood offers long-term flexibility, whether for gardening, expansion, or future redevelopment. The home’s rankings suggest it is a solid, middle-of-the-road property in its immediate area, not a standout in size or newness, but offering stability and space in a competitive market.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond extra yard space, a lot of this size in a central neighborhood like Varsity View is a strategic asset. It provides privacy, room for additions like a garage or deck, and is a key factor in the property's long-term valuation, often appreciating independently of the home itself.
2. How does the 1965 build year affect the home?
Homes from this era typically have straightforward layouts and solid construction. Buyers should budget for updates to major aging components like the roof, windows, or HVAC system, and consider an inspection to assess the electrical and plumbing.
3. Who is the ideal buyer for this property?
It’s an excellent fit for practical buyers: first-timers entering the market, downsizers wanting single-level living without a condo fee, or those who prioritize land size over a large or modern house. It’s less suited for those seeking a turn-key, recently renovated home.
4. What does the "finished basement" entail?
The listing confirms it is finished, but the quality, layout, and ceiling height are not specified. It’s important to view this space in person to determine if it suits your needs for living, recreational, or rental space, and to check for any moisture issues common in basements of this age.
5. Why is there a difference between the 2021 sale price and the current assessed value?
The 2021 sale price of $345,000 reflects the market conditions at that time. The current assessed value of $324,000 is for municipal tax purposes and can lag behind real-time market value. A current market evaluation is needed to determine an accurate listing or offer price.