7 Pembroke Road – Property Summary
Key Characteristics & Appeal
This is a 1962 bungalow with 954 square feet of living space on a 5,623 square foot lot. Its standout feature is the assessed value of $368,000, which ranks above average on the street (9th out of 31) and sits around average within the Windsor Park neighborhood and citywide. This suggests the property carries a strong value relative to its immediate surroundings, even though its living area and lot size are below the street average. That gap—paying for a higher-value asset on a modest footprint—can be a logical play for buyers who prioritize location and land potential over raw square footage.
The home’s age is typical for the street and slightly newer than the neighborhood median, which often translates to fewer immediate updates than older homes nearby. The appeal lies less in the numbers and more in the trade-off: a compact but solidly valued home in a stable, mid-tier neighborhood. It would suit a buyer looking for something smaller and lower-maintenance—perhaps a first-time owner, a downsizer, or someone willing to invest in cosmetic updates rather than structural work. Investors may also be drawn to the value ranking, as it signals potential for appreciation relative to comparable properties.
Five Possible FAQs
1. How does the living space compare to other homes in the area?
At 954 square feet, this home is below the street average (1,146 sq ft) and the neighborhood average (1,091 sq ft). It ranks in the bottom 10% on the street for size, so it’s one of the smaller homes in the immediate area.
2. Is the assessed value a reliable indicator of market price?
Assessed value is a baseline for property taxes, not a direct market price. But ranking 9th out of 31 on the street suggests strong relative value—this home is appraised higher than most others on Pembroke Road. Market price depends on condition, upgrades, and buyer demand, but the assessment points to above-average value for the street.
3. What’s the lot like compared to others in Windsor Park?
The lot is 5,623 square feet—slightly smaller than the street average (6,019 sq ft) and neighborhood average (6,030 sq ft). It’s ranked 28th out of 31 on the street, so it’s on the smaller side locally. Citywide, it’s around average.
4. Is the home’s age a concern for maintenance or renovations?
Built in 1962, it’s around the median for the street and slightly newer than the neighborhood average. Homes of this era often have solid construction but may need updates to mechanical systems, windows, or insulation. It’s not unusually old for the area, so typical 60s-era considerations apply.
5. What does the “rank” data actually tell a buyer?
The rankings compare this home to others that are similar in type (likely single-family homes) within three layers: the street, the neighborhood (Windsor Park), and the entire city. Higher percentiles (e.g., top 29%) mean it ranks better than 71% of comparable homes in that category. Lower percentiles (e.g., top 94%) mean it ranks near the bottom. It’s a useful, data-driven snapshot—not a guarantee of quality, but a clear benchmark for relative position.