Property Overview: 34 Lakeside Drive
Section 1: Key Characteristics & Appeal
This well-situated home at 34 Lakeside Drive in Waverley Heights presents a compelling opportunity for specific buyers. Its key characteristic is its position as a more modestly scaled property on a street of larger, higher-value homes. With 1,040 sqft of living space and a 6,047 sqft lot, it sits below the street averages for size and assessed value. However, this context is its primary appeal: it offers entry into a desirable lakeside street at a relative value point. The home itself, built in 1977, is actually newer than most on its block and is comfortably above the citywide average for lot size.
This property would ideally suit first-time buyers or downsizers seeking a established, quieter neighborhood without the premium price tag of the largest homes on the street. It’s for the practical buyer who values location and community over sheer square footage, and who may see the smaller scale as an advantage for maintenance and efficiency. A thoughtful perspective is that this home allows you to benefit from the prestige and stability of the street’s overall character while carrying a property tax assessment that is aligned more closely with city and neighborhood averages, rather than the elevated street average.
Section 2: Frequently Asked Questions
1. Is this the smallest home on the street?
Not the smallest, but it is below the street average. Ranking 32nd out of 35 for living area means there are a few smaller, but it sits in a tier of more modestly sized homes on this particular block.
2. Why is the assessed value lower than the street average?
The assessed value ($420k) is significantly influenced by the home’s smaller living area and lot size compared to its immediate neighbors. The street average ($481.3k) is pulled up by larger, more valuable properties. Your tax burden would be more in line with neighborhood and city averages.
3. What does "newer than average for the street" mean for a 1977 home?
While the home is from 1977, it ranks 8th newest out of 35 on Lakeside Drive. This suggests the street is very consistent, with many homes built around the same time or earlier, potentially indicating a stable, mature streetscape with similar architectural styles and maintenance timelines.
4. Is the lot size a disadvantage?
It depends on your priorities. At 6,047 sqft, it’s smaller than others on the street but is actually above average for both the neighborhood and the city. It provides ample outdoor space for gardening or recreation without the upkeep demands of the larger lots nearby.
5. How should I interpret these rankings?
They provide crucial context. This home is not the largest or most expensive on its block, but it holds its own comfortably within the broader neighborhood and city. It highlights a scenario where you’re buying into a high-caliber street while the property itself is priced and scaled more accessibly.