Property Overview & Key Characteristics

This home at 23 Peacock Place presents a compelling, value-oriented proposition in the Waverley Heights neighborhood. Its primary appeal lies in its strong financial positioning relative to its space. With an assessed value of $463k, it sits above average for both the neighborhood and the city, yet its living area of 1,090 sqft is modest, particularly for its own street. This creates an efficient value-per-square-foot scenario that is attractive from an investment perspective. The 1981 build year is newer than most comparable homes in the immediate area, suggesting potentially fewer concerns with aging core components.

The property would suit pragmatic buyers who prioritize financial metrics and a newer build over sheer size. It's an excellent match for first-time buyers or investors looking for a solid entry into an established neighborhood like Waverley Heights without paying a premium for the largest footprint. The lot size, while the smallest on Peacock Place, is still competitive within the broader neighborhood, appealing to those who prefer manageable yard maintenance.

A thoughtful perspective is that this home represents a "middle ground" asset: it doesn't lead in luxury size but outperforms in value and modernity. It offers the chance to own a well-ranked property in its community without the premium typically attached to the biggest homes on the block.

Frequently Asked Questions

1. Is the house significantly smaller than its neighbors?
Yes, at 1,090 sqft, the living area is below the street average. However, its assessed value is above the street average, indicating that factors like its condition, newer build year, and location on the street contribute positively to its valuation.

2. What does the "Above Average" assessed value ranking mean for property taxes?
An above-average assessed value generally suggests your property tax bill will be higher than homes with below-average assessments in the same tax jurisdiction. It's a marker of the city's valuation of your property relative to others.

3. The build year is ranked very high (Top 6%). Is that a major advantage?
A 1981 build year is newer than most on the street and in the neighborhood, which can be an advantage. It may mean key systems (like electrical or plumbing) are younger and that the home has a more modern layout, potentially reducing immediate update costs.

4. The lot is the smallest on the street. Is that a drawback?
It depends on your lifestyle. The lot is still near the neighborhood average. It means less yard maintenance but also less private outdoor space. For those not seeking extensive gardening or large outdoor amenities, it can be seen as an efficient use of space.

5. How should I interpret the different rankings for street, neighborhood, and city?
They provide context. For example, the living area is smaller on its own street of larger homes but average in the wider neighborhood. This tells you the immediate block is premium for space, while the home itself is typical for the larger community you're buying into.