Property Summary: 53 Swan Lake Bay
Key Characteristics & Appeal
This home at 53 Swan Lake Bay presents a solid, middle-of-the-road offering in the Waverley Heights neighborhood. With 1,090 sqft of living space and a 1979 build date, it sits comfortably around the average for its immediate street and the wider city. Its assessed value of $417k is modestly above the local averages, suggesting it is viewed as a steady performer in its market segment.
The appeal here is one of predictability and stability rather than standout features. It suits a buyer looking for a well-established home in a mature neighborhood without the premium price or potential surprises of an older character property or the raw unfinished aspects of a new development. The lot size, while smaller than the street average, is still generous by city-wide standards, offering decent outdoor space.
A thoughtful perspective is that this property represents a "known quantity." Its rankings are consistently average to slightly above, which can be reassuring for a pragmatic buyer seeking a home that holds its value without dramatic swings. It’s ideally suited for first-time buyers, downsizers, or investors looking for a straightforward, maintainable property in a stable community.
Frequently Asked Questions
1. Is this property a good value compared to its neighbors?
The assessed value is slightly above the averages for the street, neighborhood, and city. This indicates the property is considered to be in line with or slightly ahead of typical homes in the area, not an outlier in either direction.
2. How does the home's size compare to others nearby?
At 1,090 sqft, the living area is very close to the average for Swan Lake Bay street (1,158 sqft) and the Waverley Heights neighborhood (1,239 sqft). It offers a practical amount of space typical for the area.
3. Is the home newer or older than most in the area?
Built in 1979, it is precisely the average year for its street. Within the broader Waverley Heights neighborhood, however, it ranks in the top 12%, meaning it is newer than the majority of comparable homes nearby.
4. What is the lot size like?
The 5,499 sqft lot is smaller than the average lot on Swan Lake Bay but is around the neighborhood average and provides a manageable outdoor space.
5. What do these "around average" rankings mean for a buyer?
They indicate a property that is firmly established within its market context. It suggests lower risk from a valuation perspective, as the home doesn't rely on unique or extreme features that could be harder to price or resell. It's a choice centered on neighborhood and practicality over a specific standout trait.