31 Riley Reed Lane
Rural Richmond Hill, Richmond Hill, L4S 0M3
FOR SALE
$990,000
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Property Description
Over 2000 sqft * Stylish 1-Year-Old Townhome on a Premium Wider End-Unit Lot in Richmond Hill! * 3 spacious bedrooms plus a den*Den can convert into 4th bedroom * Steps away from Richmond Green Park, Richmond Green Secondary School, and Costco, with easy access to Hwy 404 * Features 9ft ceilings, two entrances, and an open, well-designed layout * Iron picket stairs, and an open-concept living and dining area * Gourmet kitchen includes a walkout to a private deck, perfect for outdoor dining * Additional features include direct access from the garage, plenty of storage, and an unfinished basement * POTL fee approximately $175 per month * Move-in ready! *
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-08 | 2024-10-04 | 26 | $1,390,000 | - | Terminated |
| 2024-08-13 | 2024-09-08 | 26 | $1,450,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, 3-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
25' x 77'
Fronting
North
Taxes
$2,418 (2024)
Basement
Unfinished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Den | Ground | 10.01' x 10.01' | Window, Hardwood Floor, Picture Window |
| Great Rm | Main | 12.01' x 18.67' | Window, Combined W/Kitchen, Hardwood Floor |
| Kitchen | Main | 7.51' x 11.48' | Open Concept, Granite Floor, Stainless Steel Appl |
| Living | Main | 10.99' x 18.67' | Combined W/Dining, Large Window, Balcony |
| Prim Bdrm | 2nd | 14.01' x 10.99' | W/I Closet, Balcony, 3 Pc Ensuite |
| 2nd Br | 2nd | 10.01' x 8.99' | Window, Closet, Broadloom |
| 3rd Br | 2nd | 12.01' x 9.35' | Window, Closet, Broadloom |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
31 Riley Reed Lane is a 3-bedroom 3-bathroom townhome listed for sale at $990,000, which is $174,592 (15.0%) lower than the average sold price of $1,164,592 in the last 30 days (September 5 - October 4). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill increased by $25,214 (2.2%) compared to the previous 30 day period (August 6 - September 4) and down $59,834 (4.9%) from the same time one year ago.Inventory Change
There were 112 3-bedroom townhomes listed in Richmond Hill over the last 30 days (September 5 - October 4), which is up 75.0% compared with the previous 30 day period (August 6 - September 4) and up 38.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Richmond Hill typically sold $9,610 (0.8%) above asking price over the last 30 days (September 5 - October 4), which represents a $31,943 decrease compared to the previous 30 day period (August 6 - September 4) and $55,114 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 townhomes in Richmond Hill over the last 30 days (September 5 - October 4) stood at 28.6%, down from 67.2% over the previous 30 days (August 6 - September 4) and down from 32.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom townhome in Richmond Hill stood at 34 days when successfully sold over the last 30 days (September 5 - October 4), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Partners Realty Inc.
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