Property Summary: 18 Swan Lake Bay, Waverley Heights
Key Characteristics & Appeal
This home stands out for its generous proportions and established presence in a desirable location. At 1,683 sqft, the living space is significantly larger than most comparable homes on its street and in the wider Waverley Heights neighborhood. This is complemented by a substantial, private lot of nearly 9,000 sqft, which ranks in the top 10% of the area for land area. Built in 1978, the property is well-maintained and aligns with the typical age of homes in this mature, stable community.
The appeal lies in its above-average offering across key metrics. It presents a rare combination of larger interior space on a larger lot, which is uncommon in many established neighborhoods. The assessed value reflects this premium, ranking highly within its immediate surroundings. This isn't just a home that meets area standards—it exceeds them, offering more room to grow and privacy than most of its peers.
This property would ideally suit buyers looking for a established family home with room to breathe, who value space over a brand-new build. It’s perfect for those seeking a long-term home in a mature neighborhood where the lot size and living area provide tangible added value and potential that’s already reflected in its standing.
Frequently Asked Questions
Q: How does this home’s size compare to others nearby?
A: Very favorably. With 1,683 sqft of living area, it ranks in the top 7% on its own street and the top 11% in the Waverley Heights neighborhood, meaning it offers more interior space than the vast majority of similar local homes.
Q: Is the lot size a significant feature?
A: Yes. At 8,994 sqft, the lot is a key asset. It’s over 2,000 sqft larger than the street average and ranks in the top 9% for the neighborhood, offering exceptional outdoor space and privacy for the area.
Q: The home was built in 1978. What should I consider?
A: While the build year is typical for the area, it places the home in a period where major systems like the roof, windows, furnace, or electrical may be due for updates or have been recently modernized. An inspection is advised to clarify the condition and update history.
Q: The assessed value seems high for the street. Why?
A: The assessed value of $482k ranks #3 out of 46 on the street, reflecting its larger living area and significantly larger lot size compared to the street average. The assessment captures this premium in physical attributes.
Q: What does the ranking data tell me about the investment?
A: The data suggests you are purchasing a property that already performs in the top tier of its micro-market (street and neighborhood) for size and value. This can indicate a degree of built-in equity and stability, as the home’s key features are already recognized as superior within the local context.