Property Overview

This home at 249 Gull Lake Road in Waverley Heights presents a compelling blend of above-average size and value within its immediate surroundings. Its key appeal lies not in being the largest or newest home on the market, but in offering a strong, balanced position when compared directly to its peers.

Key Characteristics & Ideal Buyer

The 1,252 sqft residence, built in 1990, stands out most notably for its perceived value. Its tax assessment value of $477,000 ranks in the top 5% on its own street and the top 13% in the wider Waverley Heights community, significantly above local averages. This suggests a property that is well-regarded relative to its neighbors. The living space is comfortably above the street average, ranking in the top 13% on Gull Lake Road. A less obvious point is the home's age: while it is newer than most in the broader community (top 3%), it is closer to the average on its specific street. This indicates a mature, established streetscape where this home is a relatively modern addition.

The property would suit practical buyers who prioritize value and established neighborhoods over sheer size or a brand-new build. It's ideal for someone looking for a home that holds a strong position on its block—offering more space and a higher assessment value than many nearby homes—without the premium or lot size of a true city-wide standout. It appeals to those who understand that a home's standing on its own street can be as important as its city-wide ranking.

Frequently Asked Questions

Q: What does the high tax assessment ranking actually mean for me?
A: It primarily indicates that the municipal property assessment is significantly higher than neighboring homes, which suggests the city views it as a higher-value property. This typically correlates with a higher potential selling price, but it also means property taxes will be correspondingly higher.

Q: Is the lot size a disadvantage?
A: At 5,164 sqft, the lot is very close to the average for the street but smaller than the average for both the community and the city. This isn't unusual for the specific area. It likely means lower maintenance and may be a trade-off for the above-average living space and value positioning on the block.

Q: The home is newer than most in Waverley Heights but not on its street. Is that good?
A: This is a positive nuance. It means you're in a stable, established neighborhood (Waverley Heights) but on a street where the homes are, on average, from a similar era. You benefit from modernized infrastructure and likely newer building materials compared to the wider area, without being an outlier.

Q: Who would this property NOT be suitable for?
A: It may not suit buyers seeking a very large lot, a brand-new construction, or the absolute largest home in the city. Its strengths are relative to its immediate locale, not in topping city-wide charts for size or land.

Q: How should I interpret the different rankings for street, community, and city?
A: The street-level ranking is often the most telling for daily life and comparable sales. This home shines brightest here, especially in assessed value. The community and city rankings provide broader context, showing it remains competitive in larger comparisons but excels most right where it is.