Property Overview & Appeal
This two-storey home at 97 Rampart Bay in Maybank is a classic post-war property that offers a compelling mix of space, location, and value. Its key characteristics include a renovated basement, a generous 3,978 sqft lot, and a 1,032 sqft living area. The appeal lies in its strong positioning within its immediate context: it sits on one of the larger lots on its street (top 13%) and is one of the oldest, most established homes in the row (built in 1954, ranking top 2% for age on the street). This suggests a prime, settled location within the neighbourhood. With an assessed value of $240k, it presents a more accessible entry point compared to some nearby properties, offering solid value for the lot size and location.
It would suit a first-time buyer or a practical downsizer looking for a character home in a mature, quiet neighbourhood without a premium price tag. It’s also a fit for someone who values outdoor space and the potential of a renovated basement, but does not require a garage or pool.
Key Considerations & FAQs
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and permits (if any) should be verified. It’s a significant asset for added living space, but understanding the details is crucial.
2. The home is older. What should I budget for maintenance?
Built in 1954, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. While the basement is updated, the age of the core structure means a thorough inspection and a maintenance budget are essential.
3. There's no garage. Is street parking readily available?
The property has no garage. Prospective buyers should observe parking availability on the street at different times to ensure it meets their needs, especially with multiple vehicles or frequent visitors.
4. How does the assessed value relate to the likely selling price?
The assessed value of $240k is for municipal tax purposes and is typically below market value. Review the prices of recently sold "Worth viewing" comparables in the area (like 88 Rampart Bay and 87 Marshall Crescent) for a more accurate gauge of the current market.
5. The lot is large for the street, but the living area is average. What's the potential here?
The property’s standout feature is its lot size, ranking in the top 13% on Rampart Bay. This could be a long-term advantage for expansion (subject to zoning and permits) or simply for enjoying more private outdoor space than most neighbours—a less obvious perk in a mature neighbourhood.