Property Overview: 568 Island Shore Boulevard, Island Lakes
Section 1: Key Characteristics & Appeal
This two-storey home on Island Shore Boulevard is a standout property within its immediate neighborhood. Built in 2002, it offers modern construction while being established in the sought-after Island Lakes community. Its primary appeal lies in its above-average size and value. With 1,845 sqft of living space, it ranks in the top 5% of homes on its street and top 26% within Island Lakes for square footage, offering more room than most comparable properties. This is complemented by a renovated basement, adding functional living area.
The home’s assessed value is notably high, placing it in the top 3% on its street and top 20% in the area, suggesting premium finishes, updates, or a desirable lot placement. The lot itself, at 4,828 sqft, is typical for the street but slightly smaller than the Island Lakes average, indicating a low-maintenance yard that prioritizes the home's footprint.
This property would ideally suit buyers looking for a move-in ready, spacious family home in a mature neighborhood without the upkeep of an older build. It appeals to those who value space and modern amenities over a very large yard, and to investors or astute buyers who recognize the value of a home that consistently performs above market averages in its category.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold in August 2024 for an estimated $545,000-$575,000, which was in the top 3% of sale prices for the street at that time. This indicates strong market recognition of its premium characteristics.
2. Is the lot size a disadvantage?
While the lot is slightly below the average size for Island Lakes, it is very typical for Island Shore Boulevard itself. This often translates to less yard maintenance while still providing private outdoor space, which can be a perk for busy families.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the details. This would be a key point for a viewing or inquiry to understand the finish quality, legal compliance, and added functionality (e.g., extra bedroom, recreational space).
4. The assessed value seems high. What does that mean?
A high assessed value relative to neighbors often reflects significant improvements, premium materials, or a desirable property condition recognized by the assessor. It’s a strong data point that the home is a top-tier offering in its locale, though market price is ultimately determined by current buyer demand.
5. How does the age of the home (2002) factor in?
A 24-year-old home is in a sweet spot: major systems like roof, windows, and furnace are potentially nearing or have recently undergone replacement, offering clarity for future planning. The construction is modern but has had time for any initial settling or issues to be addressed, providing a known quantity compared to a brand-new build.