Property Overview: 35 Lafayette Bay, Fort Richmond
Key Characteristics & Appeal
This one-storey home in Fort Richmond is defined by a standout feature: an exceptionally large lot. At over 11,700 square feet, the land size ranks in the top 3-6% compared to nearby and city-wide properties, offering rare potential for expansion, gardening, or outdoor living. The house itself, built in 1970, is of average size for the neighborhood at just over 1,000 square feet and includes a renovated basement. It does not have a garage or pool. The assessed value is consistent with area averages.
The primary appeal lies in the land. For buyers who value space and possibility over a large existing footprint, this property represents a canvas. It’s well-suited for a first-time buyer or downsizer looking for a manageable single-level layout, who is willing to invest sweat equity or future renovations. It could also attract an investor or builder who sees the underlying value in the lot size itself, in a mature neighborhood with established amenities and schools.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key question for the seller or listing agent to understand the finish quality, ceiling height, and whether it includes a legal suite or additional bedrooms.
2. How does the lack of a garage affect daily living and value?
The property has no garage, which is common for many homes of this era. Buyers should consider the practicality for vehicle storage, hobbies, and storage, and factor in the cost and feasibility of adding a shed or future garage, for which the large lot provides ample space.
3. The sold price history shows a range from 2020. What is the exact figure?
The public data shows a sold price range. The exact historical sale price is available by request from the listing service to ensure accurate valuation comparisons.
4. Is the large lot size typical for Lafayette Bay?
No, it is not typical. The data shows this property has the largest lot rank (1 of 36) on the street, making it a unique offering in the immediate area.
5. What is the significance of the "around average" rankings for value and living area?
These metrics indicate the home is priced and sized in line with its local peers. This suggests market stability and fair pricing, but it also means the home's interior space is not its primary selling point—the land is. The value proposition is in the balance of a standard home on a superior lot.