The location was perfect. It was right off the square by the church. There were several excellent restaurants within a few feet of the location. The square was busy every night up until around 1 or 2 in the morning, but we never heard the noise in the AirBNB. Within a 10 minute walk was the central market, 20 minutes was the metro. There is a small market within 100 feet, a Carrefour 5 minutes away, and a larger supermarket 15 minutes away. Everything was within walking distance. I cannot say enough good things about this AirBNB, and if we have a chance to visit Valencia again, I would definitely rent this again!
Side Note: There is construction directly in front of the AirBNB that went on from Monday through Friday so a bit of noise. It did not bother us one bit. We still felt at peace in the place.