78 Elm Grove Ave

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78 Elm Grove Ave, Richmond Hill
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3 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 5
ROOMS
N3847330
MLSID
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Property Description
Attention Builders And Investors - Build Your Dream Home In This Much Sought After Oak Ridges Community. This Property Is Situated On A Tree Lined Street Among High End Homes, Close To All Amenities. Lot Size Will Accommodate A Larger Home. A Small Bungalow With Detached Garage Is On The Property Along With Two Sheds. Property Being Sold In An "As Is Where Is" Condition. Roof On Home Replaced 2012.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-03-04 2019-06-26 114 $1,390,000 - Terminated
2018-10-01 2019-02-28 150 $1,450,000 - Expired
Extras
The Lot Size Is 75 Feet By 203.64 Feet Ideal For A Larger Home. Property Survey Is Available.
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
23' x 62'
Fronting
North
Taxes
$4,736 (2016)
Basement
Finished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
Detached
Richmond Hill Market Statistics
Richmond Hill Price Trend
78 Elm Grove Ave is a 3-bedroom 2-bathroom home listed for sale at $1,850,000, which is $395,448 (27.2%) higher than the average sold price of $1,454,552 in the last 30 days (April 8 - May 7). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill increased by $93,719 (6.9%) compared to the previous 30 day period (March 9 - April 7) and up $63,600 (4.6%) from the same time one year ago.
Inventory Change
There were 93 3-bedroom homes listed in Richmond Hill over the last 30 days (April 8 - May 7), which is up 14.8% compared with the previous 30 day period (March 9 - April 7) and up 57.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold $48,765 (3.4%) above asking price over the last 30 days (April 8 - May 7), which represents a $51,937 decrease compared to the previous 30 day period (March 9 - April 7) and $64,863 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 Richmond Hill over the last 30 days (April 8 - May 7) stood at 40.9%, down from 51.9% over the previous 30 days (March 9 - April 7) and down from 64.4% 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 14 days when successfully sold over the last 30 days (April 8 - May 7), compared to 37 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark York Group Realty Ltd., Brokerage
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