7 Colby Lane

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7 Colby Lane, Richmond Hill
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4 + 1
BEDROOMS
7
BATHROOMS
1
KITCHENS
11 + 4
ROOMS
N3162832
MLSID
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Property Description
Welcome To 7 Colby Lane- Custom Built Originally By Renowned Builder Segal Homes. Prime South Richvale Neighbourhood- The Bridle Path Of Richmond Hill. This Home Boasts Over 5000 Sqft, A Chefs Dream Kitchen, Magnificent Entertaining Space, Heated Three Car Garage, Private Covered Patio Which Overlooks A Full Size Outdoor Basketball Court, Mature Trees For Privacy And Tranquility, Heated Ensuite Washrooms, Movie Theatre, Gym & Much More!!
Extras
Miele Fridge/Freezer,Paneled Bosch D/W,Miele Oven,Miele Induction Cooktop,Miele Exhaust,Miele Micro Oven,Wine Fridge,All Elf's,Cstm Blinds,Basketball Court,Theatre Room W/ Projector & Screen, Custom Theatre Chairs. Heated Flrs In Ensuites.
Property Features
Fenced Yard, Golf, Park, School
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
73' x 140'
Lot Irregularities
Irregular Pie Shape Lot
Fronting
West
Taxes
$15,974 (2015)
Basement
Fin W/O
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
9
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain11.98' x 12.99'Hardwood Floor, Combined W/Dining, Picture Window
DiningMain12.99' x 19.98'Hardwood Floor, Gas Fireplace, Large Window
FamilyMain17.98' x 25.59'Hardwood Floor, Picture Window, Open Concept
KitchenMain20.57' x 17.09'Hardwood Floor, Large Window, Modern Kitchen
BreakfastMain16.37' x 13.09'Hardwood Floor, W/O To Deck, Combined W/Kitchen
DenMain15.49' x 27.99'Hardwood Floor, W/O To Deck, Fireplace
Master2nd15.49' x 27.99'Hardwood Floor, 7 Pc Ensuite, W/I Closet
2nd Br2nd16.37' x 13.48'Hardwood Floor, 4 Pc Ensuite, W/I Closet
3rd Br2nd14.07' x 15.68'Hardwood Floor, 4 Pc Ensuite, W/I Closet
4th Br2nd13.19' x 15.78'Hardwood Floor, 4 Pc Ensuite, W/I Closet
Media/EntBsmt15.39' x 13.09'Broadloom, Wet Bar
ExerciseBsmt11.98' x 12.89'Mirrored Walls
Richmond Hill Market Statistics
Richmond Hill Price Trend
7 Colby Lane is a 4-bedroom 7-bathroom home listed for sale at $2,799,000, which is $873,044 (45.3%) higher than the average sold price of $1,925,956 in the last 30 days (February 28 - March 28). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill declined by $121,518 (5.9%) compared to the previous 30 day period (January 29 - February 27) and up $26,743 (1.4%) from the same time one year ago.
Inventory Change
There were 139 4-bedroom homes listed in Richmond Hill over the last 30 days (February 28 - March 28), which is up 35.0% compared with the previous 30 day period (January 29 - February 27) and up 32.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold $72,679 (3.8%) above asking price over the last 30 days (February 28 - March 28), which represents a $73,110 increase compared to the previous 30 day period (January 29 - February 27) and $89,297 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 4-bedroom homes in Richmond Hill over the last 30 days (February 28 - March 28) stood at 49.6%, up from 49.5% over the previous 30 days (January 29 - February 27) and down from 57.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Richmond Hill stood at 9 days when successfully sold over the last 30 days (February 28 - March 28), compared to 49 days before being removed from the market upon being suspended or terminated.
Listing contracted with Harvey Kalles Real Estate Ltd., Brokerage
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