23 Observatory Lane 55

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23 Observatory Lane 55, Richmond Hill
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
N3045331
MLSID
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Property Description
Look No Further! Gorgeous Executive 3 Bedroom Well Maintained Spacious Townhouse In The Heart Of Richmond Hill. This Home Has 9 Foot Ceiling, Laminate Floors, Functional Layout, Updated Bathrooms With Granite, Ceramic Tiles In Entrance Way And Lower Level. The Elegant Kitchen Has Ceramic Tiles, Granite Countertop And Stainless Steel Appliances, Walking Out To A Fabulous Balcony. Direct Access From Garage To House. Fabulous Location! Must See!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-08-26 2021-09-15 20 $739,000 $885,000 Sold
Extras
This Immaculate Home Includes: Stainless Steel Fridge/Stove/Dishwasher, Washer/Dryer, All Window Coverings, All Electrical Light Fixtures, Garage Door Opener - No Remote.
Property Features
Park, Public Transit, School
Property Details
Community
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1200-1399
Taxes
$2,946 (2014)
Basement
W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Owned
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain12.50' x 13.25'Laminate, Window
DiningMain8.86' x 10.89'Laminate, Combined W/Living
KitchenMain12.01' x 14.44'Ceramic Floor, Eat-In Kitchen, W/O To Balcony
Master2nd14.44' x 14.37'Broadloom, Walk-Thru, Mirrored Closet
2nd Br2nd9.12' x 14.01'Broadloom, Closet, Window
3rd Br2nd7.74' x 10.24'Broadloom, Closet, Window
Richmond Hill Market Statistics
Richmond Hill Price Trend
23 Observatory Lane 55 is a 3-bedroom 2-bathroom townhome listed for sale at $469,900, which is $705,468 (60.0%) lower than the average sold price of $1,175,368 in the last 30 days (March 24 - April 22). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill declined by $44,793 (3.7%) compared to the previous 30 day period (February 23 - March 23) and down $45,873 (3.8%) from the same time one year ago.
Inventory Change
There were 85 3-bedroom townhomes listed in Richmond Hill over the last 30 days (March 24 - April 22), which is up 19.7% compared with the previous 30 day period (February 23 - March 23) and up 37.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in Richmond Hill typically sold $126,799 (10.8%) above asking price over the last 30 days (March 24 - April 22), which represents a $24,094 increase compared to the previous 30 day period (February 23 - March 23) and $175,772 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 3-bedroom townhomes in Richmond Hill over the last 30 days (March 24 - April 22) stood at 52.9%, down from 59.2% over the previous 30 days (February 23 - March 23) and down from 80.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in Richmond Hill stood at 13 days when successfully sold over the last 30 days (March 24 - April 22), compared to 19 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife/Bayview Realty Inc., Brokerage
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