Property Overview
This home at 1714 Chancellor Drive in Waverley Heights presents a balanced and practical offering. Its key appeal lies in providing solid value within a mature, established neighborhood. The 1,157 sqft living space is very close to the average for both the street and the wider community, indicating a comfortable, mid-sized layout typical for the area. A notable strength is its above-average land area of over 6,000 sqft on Chancellor Drive, offering more outdoor space than many neighboring properties. The 1974 build date means it is older than most homes in its immediate vicinity, which may point to classic construction but also suggests buyers should be mindful of the age of major systems. Interestingly, its tax assessment value ranks significantly higher on its street than its size does, which can sometimes reflect desirable lot features, updates, or a favorable location within the area.
This property would suit a buyer looking for a genuine, no-surprises home in a stable neighborhood. It’s ideal for someone who values a larger lot over a newer build and is comfortable with a house from the 1970s, likely seeing potential in its established character and garden space. It appeals to practical minds who appreciate metrics—the numbers show a home that isn’t an outlier but holds its own with a couple of competitive advantages, particularly in land size.
Frequently Asked Questions
1. What does the higher tax assessment ranking on the street indicate?
It suggests the city’s assessment values this property more highly than many on its street, even though its living space is average. This can be influenced by factors like lot size, property condition, and specific location advantages, but it’s important to distinguish assessed value for taxes from current market value.
2. The home is older than most in the neighborhood. What should I consider?
A 1974 build means core components like the roof, windows, plumbing, and electrical systems are likely at or past their typical lifespan. A thorough inspection is crucial to understand the condition and any updates that may have been made. This age also often brings solid construction and mature landscaping.
3. How significant is the larger-than-average land area?
The lot is a clear advantage, offering more private outdoor space for gardening, play, or entertaining than many comparable homes on the street. For buyers prioritizing yard size over interior square footage, this is a key asset.
4. The rankings show "close to average" for many metrics. Is that a good thing?
In this context, yes. It indicates the home is firmly within the established norm for a desirable community like Waverley Heights. You’re getting a typical, well-sized property for the area without paying a premium for extreme size or newness, which can mean good long-term value and stability.
5. Are there any obvious red flags in this data?
There are no extreme outliers, which is positive. The main consideration is the age of the property relative to its immediate neighbors. It ranks in the older tier for the street and community, so budgeting for maintenance and potential updates should be a central part of your evaluation.