463 Palmer Ave

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463 Palmer Ave, Richmond Hill
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3 + 2
BEDROOMS
2
BATHROOMS
2
KITCHENS
6 + 2
ROOMS
N3966333
MLSID
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Property Description
Excellent Investment Opportunity. Ideal For Investment/Rent, Occupy/Renovate Or Rebuild. Lovely Bungalow On Premium 50X119Ft Building Lot (Appr 6000Sf). Bright South Facing Living/Dining, Interlocked Stone Driveway For 5 Cars, Separate Entrance To Finished Basement W/Kitchen, 2Br & 3-Pc Wr. Walk To Bayview Ss, Close To Bayview, Shopping Centre, Go Train Station, Viva, Restaurants Etc
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-10-25 2020-12-03 39 $1,200 $1,200 Leased
Extras
All Appliances As Is Condition Incl Fridge, Stove, Range Hood, Washer, Dryer, All Elfs. (Excluding The Chandelier In Living Room & The Chandelier In 3rd Br). Stove And Rangehood In Basement. Tankless Hot Water Tank(Rental), Furnace (2013)
Property Features
Public Transit, School
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
50' x 119'
Fronting
North
Taxes
$3,812 (2017)
Basement
Finished, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingGround11.84' x 15.98'Hardwood Floor, Combined W/Dining, W/O To Deck
DiningGround9.84' x 12.14'Hardwood Floor, Combined W/Living, Open Concept
KitchenGround8.60' x 10.33'Ceramic Floor, Window, W/O To Deck
MasterGround10.33' x 12.37'Hardwood Floor, Large Window, Closet
2nd BrGround9.58' x 10.33'Hardwood Floor, Large Window, Closet
3rd BrGround9.58' x 10.33'Hardwood Floor, Large Window, Closet
RecBsmt11.52' x 21.42'
4th BrBsmt10.66' x 11.52'
Richmond Hill Market Statistics
Richmond Hill Price Trend
463 Palmer Ave is a 3-bedroom 2-bathroom home listed for sale at $1,098,800, which is $281,188 (20.4%) lower than the average sold price of $1,379,988 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill increased by $29,277 (2.2%) compared to the previous 30 day period (February 25 - March 25) and down $10,788 (0.8%) from the same time one year ago.
Inventory Change
There were 92 3-bedroom homes listed in Richmond Hill over the last 30 days (March 26 - April 24), which is up 21.1% compared with the previous 30 day period (February 25 - March 25) and up 73.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold $81,304 (5.9%) above asking price over the last 30 days (March 26 - April 24), which represents a $28,146 increase compared to the previous 30 day period (February 25 - March 25) and $69,885 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 Richmond Hill over the last 30 days (March 26 - April 24) stood at 47.8%, down from 55.3% over the previous 30 days (February 25 - March 25) and down from 56.6% 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 Richmond Hill stood at 10 days when successfully sold over the last 30 days (March 26 - April 24), compared to 49 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Landmark Realty Inc., Brokerage
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