398 Highway 7 E 1508
Doncrest, Richmond Hill, L4B 0G6
FOR SALE
$598,000
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Property Description
High Demand Location in the Luxurious Valleymede Tower. Offered One Bedroom & Den Condo. Den is Big Enough To Be a Second Bedroom or office.South Facing with Bright and Functional Layout. CN Tower view.9 Ft Ceiling, Laminate Throughout . Modern Open Concept Kitchen with Quartz Countertop & S/S Appliances. Heart Of Markham, Close To All Amenities, School, Viva Transit, Restaurants, Banks, Plazas, Grocery. Only few min to 404 and 407.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-03 | 2024-06-03 | 61 | $658,000 | - | Terminated |
Nearby Intersections
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,338 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Parking 2
None
Garage Type
Underground
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Richmond Hill Market Statistics
Richmond Hill Price Trend
398 Highway 7 E 1508 is a 1-bedroom 1-bathroom condo listed for sale at $598,000, which is $14,188 (2.4%) higher than the average sold price of $583,812 in the last 30 days (June 6 - July 5). During the last 30 days the average sold price for a 1 bedroom condo in Richmond Hill increased by $9,724 (1.7%) compared to the previous 30 day period (May 7 - June 5) and down $25,630 (4.2%) from the same time one year ago.Inventory Change
There were 69 1-bedroom condos listed in Richmond Hill over the last 30 days (June 6 - July 5), which is up 13.1% compared with the previous 30 day period (May 7 - June 5) and up 27.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Richmond Hill typically sold ($19,025) (3.3%) below asking price over the last 30 days (June 6 - July 5), which represents a $9,332 decrease compared to the previous 30 day period (May 7 - June 5) and $2,510 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 1-bedroom condos in Richmond Hill over the last 30 days (June 6 - July 5) stood at 23.2%, down from 27.9% over the previous 30 days (May 7 - June 5) and down from 72.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Richmond Hill stood at 24 days when successfully sold over the last 30 days (June 6 - July 5), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Joynet Realty Inc.
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