497 London Rd

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497 London Rd, Newmarket
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
10 + 1
ROOMS
N3898842
MLSID
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Property Description
4 Level Backsplit With 2 Separate Living Spaces, Perfect For In-Laws Or Nanny Suite. Well Built Home On Premium Depth Lot 48.58 X 147.06! Walk To Schools, Public Transit, Easy Access To Highway's And Yonge Street. Original Owner Has Updated Roof(2015), Furnace(2013), Windows(2013) And Garage Door(2014).
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-03-03 2023-03-09 6 $2,250 $2,250 Leased
2023-02-02 2023-02-27 25 $2,395 - Terminated
2023-01-10 2023-02-01 22 $2,500 - Terminated
2020-03-24 2020-04-02 9 $1,750 - Terminated
Extras
Fridge(X2), Stove(X2), Dishwasher, Washer, Dryer, Chest Freezer, Cvac + Attachments. Exclude: Living Room Mirror. Water Softener(Rental)
Property Details
Street
Property Type
Detached, Backsplit 4
Lot Size
49' x 147'
Lot Irregularities
Premium Lot
Fronting
North
Taxes
$4,122 (2017)
Basement
Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain11.48' x 17.72'Family Size Kitchen, Cushion Floor, Side Door
LivingMain11.15' x 17.39'Bay Window, O/Looks Backyard, Broadloom
DiningMain10.83' x 11.65'O/Looks Living, Broadloom, W/O To Yard
MasterUpper10.83' x 14.11'Semi Ensuite, Broadloom, Closet
2nd BrUpper10.01' x 12.70'O/Looks Backyard, Broadloom, Closet
3rd BrUpper9.35' x 11.25'Window, Broadloom, Closet
LivingLower11.22' x 20.51'Broadloom, W/O To Deck
KitchenLower8.66' x 14.11'Eat-In Kitchen, Above Grade Window, Large Window
4th BrLower11.91' x 13.94'O/Looks Backyard, Broadloom, Closet
5th BrBsmt8.20' x 10.56'Window, Broadloom
DenBsmt11.22' x 17.19'Broadloom
Newmarket Market Statistics
Newmarket Price Trend
497 London Rd is a 3-bedroom 3-bathroom home listed for sale at $799,000, which is $305,125 (27.6%) lower than the average sold price of $1,104,125 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 3 bedroom home in Newmarket increased by $64,429 (6.2%) compared to the previous 30 day period (February 9 - March 9) and up $48,317 (4.6%) from the same time one year ago.
Inventory Change
There were 51 3-bedroom homes listed in Newmarket over the last 30 days (March 10 - April 8), which is down 15.0% compared with the previous 30 day period (February 9 - March 9) and up 10.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Newmarket typically sold $15,756 (1.4%) above asking price over the last 30 days (March 10 - April 8), which represents a $24,256 decrease compared to the previous 30 day period (February 9 - March 9) and $57,273 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 homes in Newmarket over the last 30 days (March 10 - April 8) stood at 107.8%, up from 51.7% over the previous 30 days (February 9 - March 9) and up from 71.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Newmarket stood at 13 days when successfully sold over the last 30 days (March 10 - April 8), compared to 36 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Polsinello Realty, Brokerage
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