7 Wellspring Ave

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7 Wellspring Ave, Richmond Hill
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5
BEDROOMS
4
BATHROOMS
1
KITCHENS
10
ROOMS
N4169099
MLSID
Contact Us
Property Description
Sought-After Location, Brand New Throughout Renovation And Kitchen, Granite Kitchen & Vanity Countertop,Hardwood, Potlights, Crown Moulding, Rare 5 Bedroom+4 Bath Home On A Quite Road, Functional Layout,Bright,No Sidewalk,Private Master Bedroom 3rd Floor,Large Dec, Walking Distance Yonge St, Public Transportation And Great Schools (Private, Public, Catholic, French Immersion). A Must See!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-10-28 2020-11-05 8 $1,399,000 $1,371,000 Sold
Extras
Stove, Fridge, B/I Dishwasher, Over Range Microwave, Cvac, Cac, Hwh Rental
Property Features
Golf, Park, Place Of Worship, School
Property Details
Community
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
39' x 89'
Fronting
West
Taxes
$4,500 (2017)
Basement
Full
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
KitchenMain7.97' x 13.48'Marble Floor, Granite Counter, Centre Island
BreakfastMain9.15' x 11.15'Marble Floor, W/O To Deck, Open Concept
FamilyMain11.15' x 14.01'Hardwood Floor, Gas Fireplace
LivingMain14.01' x 19.13'Hardwood Floor, Combined W/Dining
2nd Br2nd11.32' x 15.45'Hardwood Floor, Semi Ensuite, Double Closet
3rd Br2nd11.32' x 12.96'Hardwood Floor, Semi Ensuite, Double Closet
4th Br2nd12.30' x 16.14'Hardwood Floor, Semi Ensuite, Double Closet
5th Br2nd10.30' x 12.50'Hardwood Floor, W/O To Balcony, Closet
MasterUpper13.62' x 16.96'Hardwood Floor, 5 Pc Ensuite, W/I Closet
Richmond Hill Market Statistics
Richmond Hill Price Trend
7 Wellspring Ave is a 5-bedroom 4-bathroom home listed for sale at $1,190,000, which is $1,755,615 (59.6%) lower than the average sold price of $2,945,615 in the last 30 days (March 20 - April 18). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill increased by $342,692 (13.2%) compared to the previous 30 day period (February 19 - March 19) and up $439,769 (17.5%) from the same time one year ago.
Inventory Change
There were 31 5-bedroom homes listed in Richmond Hill over the last 30 days (March 20 - April 18), which is up 10.7% compared with the previous 30 day period (February 19 - March 19) and up 63.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold $50,427 (1.7%) above asking price over the last 30 days (March 20 - April 18), which represents a $27,535 increase compared to the previous 30 day period (February 19 - March 19) and $198,923 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 5-bedroom homes in Richmond Hill over the last 30 days (March 20 - April 18) stood at 41.9%, up from 28.6% over the previous 30 days (February 19 - March 19) and down from 68.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Richmond Hill stood at 18 days when successfully sold over the last 30 days (March 20 - April 18), compared to 65 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Leading Edge Realty Inc., Brokerage
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