4057 Lorraine Cres

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4057 Lorraine Cres, Burlington
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
W4069400
MLSID
Contact Us
Property Description
Fabulous Shoreacres Crescent Location; Wide 89' Lot! Reno'd Home With Sep Entrance To Lower Level Offers Numerous Opportunities! 89'X110' Lot, Long Driveway Fits At Least 4 Cars. Open Concept Bungalow With An Addition Making The Master Bedroom Extra Spacious! Bow Windows Overlooking Private Backyard. Semi-Ensuite Bathroom With Skylight Is Renovated. Lovely New Kitchen W/White Cabinets. Ss App. Living Room W/Gas Fireplace. Finished Lower Level. Wood Floors.
Extras
Backyard Surrounded By Thick Cedars, 6 Feet Deep To The Perimeter Fence! Mature Area With Impressive New Builds Puts You Right In The Heart Of One Of Burlington's Most Desirable Neighborhoods! Lower Level With Beauty Laundry Room.
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
89' x 110'
Fronting
North
Taxes
$4,321 (2017)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
DiningMain8.50' x 13.48'Bow Window, Hardwood Floor, O/Looks Backyard
KitchenMain10.99' x 11.52'Hardwood Floor, O/Looks Backyard, Stainless Steel Appl
MasterMain11.32' x 21.00'Bow Window, Hardwood Floor, O/Looks Backyard
2nd BrMain8.99' x 11.68'
3rd BrMain8.33' x 9.74'
4th BrBsmt11.58' x 13.85'
RecBsmt25.98' x 25.98'
Burlington Market Statistics
Burlington Price Trend
4057 Lorraine Cres is a 3-bedroom 2-bathroom home listed for sale at $839,000, which is $373,216 (30.8%) lower than the average sold price of $1,212,216 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 3 bedroom home in Burlington increased by $95,878 (8.6%) compared to the previous 30 day period (January 28 - February 26) and up $21,210 (1.8%) from the same time one year ago.
Inventory Change
There were 88 3-bedroom homes listed in Burlington over the last 30 days (February 27 - March 27), which is up 25.7% compared with the previous 30 day period (January 28 - February 26) and up 27.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Burlington typically sold ($3,565) (0.3%) below asking price over the last 30 days (February 27 - March 27), which represents a $24,244 increase compared to the previous 30 day period (January 28 - February 26) and ($7,851) more 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 homes in Burlington over the last 30 days (February 27 - March 27) stood at 85.2%, down from 88.6% over the previous 30 days (January 28 - February 26) and up from 84.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Burlington stood at 12 days when successfully sold over the last 30 days (February 27 - March 27), compared to 66 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Aboutowne Realty Corp., Brokerage
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