Property Overview
This one-storey home at 15 Rutgers Bay in Fort Richmond presents a solid, renovated living space on a generous lot. Its appeal lies in a combination of established neighborhood character, above-average land size, and a modernized basement, all at an assessed value that stands out positively within its immediate area. It particularly suits first-time buyers, downsizers, or practical investors looking for a manageable single-level layout without a premium for extras like a garage or pool. A thoughtful perspective is that while the home's living area is average for the street, its lot size and assessed value rank notably higher, suggesting underlying value in the property itself or its improvements relative to nearby homes.
Key Characteristics & Ideal Buyer
- Key Features: The 1,502 sqft home sits on a 6,650 sqft lot, which is above average for both the street and city-wide. It features a renovated basement, was built in 1968, and has no garage or pool. Its assessed value of $46,600 is well above average for Rutgers Bay.
- Primary Appeal: The appeal is grounded in space and value. The large lot offers room for gardening, play, or expansion, while the renovated basement adds modern living space. The strong assessed value ranking indicates good standing for the property in comparison to its peers.
- Ideal Buyer Profile: This home is a strong match for buyers seeking a low-maintenance, single-level layout in a mature neighborhood. It would suit those who prioritize usable land over a large interior footprint or attached garage, and who appreciate a home that presents good value metrics within its local context.
Frequently Asked Questions
1. How does this home's value compare to its neighbors?
The home's assessed value is in the top 7% on Rutgers Bay, meaning it is officially valued higher than 93% of comparable homes on the same street. This suggests it may have features, conditions, or improvements that distinguish it.
2. Is the lot size typical for the area?
The lot is above average for the city and for Rutgers Bay itself. On this street, it ranks in the top 29%, offering more outdoor space than most direct neighbors.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key point to clarify with the seller or listing agent to understand the finish quality, layout, and any permits.
4. The home sold in 2021; is the current price much higher?
The exact 2021 sale price is listed between $33.5k-$36.5k. The current assessed value is $46.6k. This increase reflects market changes and possibly the assessed value of improvements, but the actual list price would be set by the seller.
5. What are the implications of not having a garage?
This is a practical consideration for vehicle storage, workshop space, and winter weather. Buyers should assess on-street parking availability, the potential to add a shed or carport, and their personal storage needs.