Property Summary
Key Characteristics & Appeal
This home at 20 Gundy Lake Bay presents a compelling mix of space, value, and established community appeal. Its primary strength is its generous living area of 1,950 sqft, which ranks in the top 4% within the desirable Waverley Heights neighborhood and well above averages for the street and the wider city. This suggests a home that offers more interior room than most in the area without a proportionally higher tax assessment, indicating potential value. The property suits buyers prioritizing spacious interiors in a mature neighborhood, who may value character and established landscaping over a brand-new build.
The appeal lies in its strong positional value within the broader market. While the lot size is more modest on its specific street and the home itself is older than its immediate neighbors, its tax assessment is exceptionally competitive for Waverley Heights (top 5%). This creates an interesting dynamic: you are acquiring a home with above-average space in a premium community, but with a tax valuation that is relatively favorable. It would particularly suit a practical buyer who sees the older build year (1990) not as a drawback, but as an opportunity—perhaps a home with mature trees and settled foundations, where major updates can be tailored to the owner's taste over time.
Frequently Asked Questions
1. How does the older build year (1990) affect this property?
While it is one of the older homes on its street, it is actually newer than the vast majority of homes in the wider Waverley Heights community (top 3%). This suggests the home is in an established, mature part of the neighborhood. Buyers should focus on the condition of key systems (roof, windows, HVAC) which are typical for a home of this age.
2. The lot seems smaller than others on the street. Is that a concern?
The land size is below average for Gundy Lake Bay but is closer to the norm for the larger community. This often means less exterior maintenance, which can be an advantage for many. The trade-off is a larger living area on a potentially more manageable lot.
3. What does the tax assessment ranking tell me?
The assessment is average for the street but ranks very highly (top 5%) in Waverley Heights. This indicates that for the neighborhood's standards, this property is assessed at a favorable level compared to its peers, which can be a point of value. It's always wise to verify current property taxes.
4. Who would this home be best for?
It's an excellent fit for buyers seeking space and community prestige over a brand-new construction. It appeals to those who understand the value of an established neighborhood and are comfortable with a home that may benefit from personalized updates.
5. The data shows strong rankings in the community but mixed results on the street. How should I interpret this?
This highlights the specific character of Gundy Lake Bay, which appears to consist of larger, possibly newer lots. This home offers a different proposition: superior interior space on its street with a lot size and build era that are more aligned with the broader, highly sought-after Waverley Heights community, often at a compelling value point.