Property Overview
This home at 105 Greensboro Square in Waverley Heights presents a specific and practical value proposition. Built in 1978, it is a well-maintained property for its age, ranking newer than most in the immediate neighborhood. Its key characteristic is its efficiency: with 1,027 sqft of living space and a 2,743 sqft lot, both figures are notably smaller than area averages. This is reflected in its municipal tax assessment, which is meaningfully lower than most comparable homes on its street and in the community, though closer to the citywide average.
Its appeal lies in its affordability and manageability. The lower assessment suggests a potentially more accessible entry point into the stable Waverley Heights area, while the compact lot and living space translate to less upkeep and lower utility costs. This isn't a sprawling property; it's a pragmatic one. It would suit first-time buyers seeking a foothold in a established neighborhood, downsizers looking to reduce maintenance without leaving the area, or pragmatic investors attracted by the lower carrying costs relative to the community.
Frequently Asked Questions
1. What does it mean that the tax assessment is "below average" for the street?
This indicates the city's assessed value for this property is lower than that of most homes on Greensboro Square. This typically results in a lower annual property tax bill, which is a direct and ongoing cost saving.
2. The lot size is much smaller than the neighborhood average. Is that a disadvantage?
It depends on your priorities. It certainly means less yard for gardening or expansive outdoor living. However, it also means significantly less mowing, landscaping, and general outdoor maintenance, which can be a welcome relief for many buyers.
3. The home was built in 1978. What should I be aware of?
While the home ranks as newer than many in Waverley Heights, a 1978 build means key systems like the roof, windows, plumbing, and electrical are likely at or beyond their typical lifespan. A thorough inspection is essential to understand the condition and any upcoming capital costs.
4. Who might this property not be suitable for?
It may not suit buyers who need ample indoor space for a growing family or who envision extensive additions. The smaller lot also limits possibilities for large expansions or pool installations.
5. The living space is below average. How does the layout feel?
The data doesn't specify layout, but with 1,027 sqft, efficient use of space is paramount. It likely features a traditional layout for its era. Viewing the floor plan is crucial to see if the space is configured in a way that meets your daily living needs.