Property Overview
This home at 134 Lake Village Road presents a compelling mix of established value and relative standout features within its immediate setting. Its primary appeal lies in offering more space—both indoors and outdoors—than is typical for its street, while being positioned at a assessed value that is sensible for the area.
Key Characteristics & Ideal Buyer
The home’s key characteristic is its generous proportions. With 1,156 sqft of living area, it ranks in the top 1% on its own street, where the average is 936 sqft. More notably, the 6,760 sqft lot is exceptionally large for the street (top 4%), nearly doubling the street average. This combination suggests a home that feels more spacious and private than many of its direct neighbors. Built in 1977, it aligns with the typical age of homes in the Waverley Heights neighborhood.
Its appeal is grounded in offering a "best on the block" feel in terms of space, without a commensurate premium in its assessed value. While valued above the street average, it remains below the broader neighborhood average, indicating potential value within the context of Waverley Heights.
This property would suit a buyer who prioritizes yard space and interior square footage over a brand-new build, and who appreciates being in a mature, established street where this home is a relative standout. It’s a practical choice for someone looking for room to grow, garden, or simply enjoy more privacy, while still being part of a well-regarded neighborhood.
Frequently Asked Questions
Q: How does the assessed value compare to recent sale prices in the area?
A: The provided assessed value is for municipal tax purposes and serves as a benchmark. It is above the average for Lake Village Road but below the average for the wider Waverley Heights neighborhood. A market valuation would consider current conditions and recent sales of comparable properties.
Q: What does the "Elite" ranking for lot size practically mean for me?
A: With a lot size in the top 4% on the street, you have significantly more outdoor space than most neighbors. This allows greater potential for gardening, recreation, additions, or simply more distance between you and adjacent homes.
Q: The living area is top 1% on the street but near average for the neighborhood. What's the takeaway?
A: It confirms that Lake Village Road consists of generally more modestly sized homes. This house is among the largest on its block, offering above-average space for that specific location, which is a key local advantage.
Q: The home was built in 1977. What should I consider?
A: This is a typical build period for the area. While major systems like roof, windows, furnace, and plumbing may have been updated, a thorough inspection is recommended to understand the condition and potential upcoming maintenance typical of a home of this age.
Q: Are there any apparent trade-offs for the larger lot and living space?
A: The data suggests a balanced trade-off. The home offers more physical space than its street peers, yet its assessed value remains below the neighborhood average. This could indicate the property is valued fairly for its offerings, or that other factors (like finishes or specific location on the street) are reflected in the valuation.