Property Overview: 534 Inkster Boulevard
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Inkster Boulevard stands out for its above-average living space and significant value within its immediate area. With 1,580 sqft of living area, it offers substantially more room than most comparable homes in the Inkster-Faraday neighbourhood, placing it in the top 5% locally. Its assessed value of $340k is ranked in the top 1% for the neighbourhood, suggesting it is a premium property on its street and in the community. The home benefits from a renovated basement and a detached garage.
The appeal lies in securing a well-sized, established home in a neighbourhood where it represents a standout property. Built in 1952, it is newer than many area homes, potentially meaning fewer concerns with very old infrastructure. The data indicates you are paying for a home that is a leader in its local market in terms of both space and official valuation. This property would suit a buyer looking for a spacious, solid family home in a mature neighbourhood, who values being above the local average in key metrics and may see long-term stability in a home that already holds a high assessed value relative to its peers.
A less obvious perspective is the lot size: while average for the area, it is below the city-wide average. This highlights that the property’s premium is driven by the building itself and its location, not by extensive outdoor space. It’s a home for those who prioritize interior space over a large yard.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to nearby homes?
The assessed value of $340k is in the top 1% for the Inkster-Faraday neighbourhood. This typically reflects the home’s larger living area, the renovated basement, and its overall condition and appeal relative to immediate comparables.
2. How does the living space compare to other homes?
With 1,580 sqft, this home is significantly larger than the local average. It ranks in the top 5% of homes in Inkster-Faraday, where comparable properties average about 1,025 sqft.
3. What does the sold price history show?
Public records indicate a sale in October 2019 in the range of $275,000 to $305,000. For the exact sold price, you can request details via email from the listing source.
4. Is the lot size a constraint?
The lot is 3,503 sqft, which is average for the street and neighbourhood but below the wider city average. It provides standard outdoor space for the area but is not an exceptionally large yard.
5. What are the implications of the home being built in 1952?
While 74 years old, it is newer than many homes in the immediate area, which often date to the 1930s and 40s. This can be an advantage, but a thorough inspection is always recommended to understand the condition of its major systems and any updates.