Property Overview: 38 Santa Clara Crescent, Waverley Heights
Key Characteristics & Appeal
This 1976-built bungalow sits on a 6,045 sqft lot in Waverley Heights. With 1,040 sqft of living space and an assessed value of $391k, it presents a specific value proposition. Its primary appeal lies in its position as a competitively priced entry point into a desirable neighborhood. While the home's living area is modest compared to others on its street, it is balanced by a newer construction year than most immediate neighbors and a lot size that exceeds the citywide average. This suggests potential for expansion or enjoying generous outdoor space.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize location and lot size over immediate square footage. It’s a home for those who see the underlying metrics: a solid, newer structure on a good lot in a well-regarded area, representing a foundation to build upon or a manageable property to maintain.
Frequently Asked Questions
1. Is the living area too small for the neighborhood?
The living area is below the average for both the street and the wider Waverley Heights neighborhood. This is reflected in its price point. It’s a trade-off, offering access to the location at a lower cost, with the lot size providing a compensating feature.
2. How does the assessed value compare?
At $391k, the assessed value is slightly below the street average ($404k) but aligns closely with the citywide average. This indicates the assessment recognizes the smaller home size but also the desirable lot and location.
3. What does the "newer" build year mean for me?
Built in 1976, the home is newer than most on its specific street. This can be an advantage, potentially meaning updates to major systems (like wiring or plumbing) may have already been addressed, or that significant replacements could be on a similar timeline.
4. Is the lot size a significant feature?
Yes. The lot is larger than the city average, which is a key asset. It offers more privacy, yard space, and future potential than many typical city lots, providing a tangible perk that isn't immediately apparent from the home's square footage alone.
5. Who would this property not suit?
Buyers seeking a move-in-ready home with ample, modern interior space may find it limiting. It’s better suited for those comfortable with a cozy layout or those with plans to renovate or expand over time, leveraging the solid lot and structure.