505 Elwood Rd

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505 Elwood Rd, Burlington
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
W4150246
MLSID
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Property Description
**Incredible Value** Spectacular 75' X 200' Muskoka-Like Lot In Prime Southeast Burlington. Open Concept Bungalow With A Fabulous 22' X 15' Great Room Addition With Vaulted Ceilings, Pot Lights, And Custom Patio Door With Transom Window (2014). Newer Kitchen And 2 Spa-Like Bathrooms (2014), Furnace And A/C (2015). Other Features Include Main Floor Laundry, In-Law Potential, Inside Access To Single Garage, Double Driveway, And Invisible Fencing. Rsa
Extras
Rental Items: Hot Water Heater Inclusions: Fridge, Stove, Dishwasher, Washer, Dryer
Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
75' x 200'
Fronting
East
Taxes
$4,784 (2017)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingGround20.01' x 12.34'
KitchenGround12.01' x 12.17'
Great RmGround15.32' x 22.83'
MasterGround9.58' x 14.01'
BrGround8.23' x 15.58'
BrBsmt10.99' x 20.01'
LaundryBsmt10.99' x 12.50'
UtilityBsmt12.24' x 23.00'
UtilityBsmt9.51' x 12.40'
Burlington Market Statistics
Burlington Price Trend
505 Elwood Rd is a 2-bedroom 2-bathroom home listed for sale at $829,900, which is $309,528 (27.2%) lower than the average sold price of $1,139,428 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 2 bedroom home in Burlington declined by $131,495 (10.3%) compared to the previous 30 day period (January 28 - February 26) and down $230,464 (16.8%) from the same time one year ago.
Inventory Change
There were 8 2-bedroom homes listed in Burlington over the last 30 days (February 27 - March 27), which is down 0.0% compared with the previous 30 day period (January 28 - February 26) and down 42.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Burlington typically sold ($22,857) (2.0%) below asking price over the last 30 days (February 27 - March 27), which represents a $21,873 decrease compared to the previous 30 day period (January 28 - February 26) and ($62,835) 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 2-bedroom homes in Burlington over the last 30 days (February 27 - March 27) stood at 87.5%, down from 162.5% over the previous 30 days (January 28 - February 26) and down from 100.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Burlington stood at 18 days when successfully sold over the last 30 days (February 27 - March 27), compared to 90 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc., Brokerage
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