11 Colby Lane

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11 Colby Lane, Richmond Hill
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5 + 2
BEDROOMS
8
BATHROOMS
1
KITCHENS
11 + 2
ROOMS
N3447145
MLSID
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Property Description
Absolutely Magnificent Masterpiece Nestled In Richmond Hill's Most Desirable Location South Richvale.One Of A Kind Open Concept Design With Floating Staircase And 22' Ceiling In The Grand Foyer,Stunning 8000 Sf Of Luxury Living Space.Extensive Use Of Decorative Mouldings&Hardwood Floor,This Stunning Property Displays The Finest Craftsmanship & Attention To Detail. Professionally Landscaped,Chef-Inspired Gourmet Kit, W/Breakfast Area & W/O To Garden.
Extras
B/I/S/S 48" Sub-Zero Fridge,36"Wolf Gas Cooktop & Oven, Miele Dishwasher, 2 Washers & Dryeres, 2 Beverage Fridges,Heated Floors,Sprinklers,Speakers,Cameras,Alarm,2 Furnaces& 2Acs,Cvac,...
Property Features
Library, School
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
80' x 120'
Fronting
West
Taxes
$6,800 (2015)
Basement
Finished, Walk-Up
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain14.30' x 14.96'Bay Window, Fireplace, Hardwood Floor
DiningMain14.30' x 14.96'Panelled, Crown Moulding, Hardwood Floor
FamilyMain14.99' x 21.10'Hardwood Floor, B/I Bookcase, Fireplace
KitchenMain14.99' x 22.70'W/O To Patio, O/Looks Garden, Centre Island
OfficeMain12.11' x 14.01'Hardwood Floor, B/I Bookcase, Coffered Ceiling
Master2nd20.60' x 16.08'Hardwood Floor, W/I Closet, 7 Pc Ensuite
2nd Br2nd11.12' x 13.19'Hardwood Floor, W/I Closet, 3 Pc Ensuite
3rd Br2nd13.19' x 11.12'Hardwood Floor, W/I Closet, 3 Pc Ensuite
4th Br2nd12.11' x 10.99'W/O To Balcony, W/I Closet, 3 Pc Ensuite
5th Br2nd10.60' x 17.59'Hardwood Floor, Double Closet, 3 Pc Ensuite
RecBsmt14.21' x 29.86'Walk-Up, B/I Bar, Heated Floor
NurseryBsmt11.98' x 14.21'Broadloom, 4 Pc Bath, Closet
Richmond Hill Market Statistics
Richmond Hill Price Trend
11 Colby Lane is a 5-bedroom 8-bathroom home listed for sale at $3,788,000, which is $1,517,338 (66.8%) higher than the average sold price of $2,270,662 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $929,263 (29.0%) compared to the previous 30 day period (February 9 - March 9) and down $58,876 (2.5%) from the same time one year ago.
Inventory Change
There were 29 5-bedroom homes listed in Richmond Hill over the last 30 days (March 10 - April 8), which is up 26.1% compared with the previous 30 day period (February 9 - March 9) and up 93.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold $27,938 (1.2%) above asking price over the last 30 days (March 10 - April 8), which represents a $69,076 increase compared to the previous 30 day period (February 9 - March 9) and $65,055 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Richmond Hill over the last 30 days (March 10 - April 8) stood at 37.9%, up from 17.4% over the previous 30 days (February 9 - March 9) and down from 86.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 8-bathroom home in Richmond Hill stood at 18 days when successfully sold over the last 30 days (March 10 - April 8), compared to 70 days before being removed from the market upon being suspended or terminated.
Listing contracted with Barsam Professionals Real Estate Brokerage Ltd., Brokerage
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