Property Overview
This home at 704 Bond Street presents a solid, above-average offering within its immediate neighborhood. Its key appeal lies in its well-proportioned living space and strong local valuation, set within a mature, established community.
Key Characteristics & Ideal Buyer
The 1,113 sqft residence sits on a 3,659 sqft lot in Victoria West. Built in 1940, its age is typical for the street and area. The standout characteristic is its assessed value of $303,000, which ranks in the top 19% on Bond Street and top 30% in the wider Victoria West community, indicating it is perceived as a higher-quality asset compared to many nearby properties. The living space is also notably above the community average.
Its appeal is grounded in offering more interior space than many local comparables, coupled with a tax assessment that suggests good relative value for the neighborhood. It would suit a practical buyer who values established communities with character over brand-new subdivisions. This buyer is likely looking for a home that requires standard maintenance consistent with its era but offers the stability of a desirable location where property values hold strong relative to the immediate surroundings. It’s a property for someone who measures value not just against the whole city, but keenly within the context of their chosen neighborhood.
Frequently Asked Questions
1. What does the high assessment ranking mean for property taxes?
A higher assessment relative to the street and community average typically means you will pay proportionally higher property taxes than some neighbors. However, it also strongly suggests the municipality views the property as a premium offering in its local market, which can be positive for long-term value.
2. The lot size is below area and city averages. Is that a concern?
For this neighborhood, the lot is closer to the street average. It provides a manageable outdoor space typical of many central, established areas. It may appeal to those seeking less yard maintenance while still having private outdoor area.
3. As a 1940s home, what should I be prepared for?
While systems like roof, wiring, and plumbing may have been updated, a home of this age will have the maintenance needs consistent with its era. A thorough inspection is essential to understand the condition of the foundation, original features, and any past renovations.
4. The living space ranks higher than the lot size. What does this indicate?
This suggests the house makes efficient use of its footprint, potentially offering a more spacious interior feel than the lot size might imply. It points to a practical home design.
5. How useful are these comparative rankings?
They are excellent for understanding the property’s standing in its immediate micro-markets (street and community), which is often more relevant for daily living and value retention than city-wide comparisons. They show this home is a strong performer within its own locale.