398 Highway 7 St E 305

FOR SALE
$899,000
398 Highway 7 St E 305, Richmond Hill
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
398 Highway 7 St E 305
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
N9361322
MLSID
Contact Us
Property Description
Luxurious Condo * The heart of Richmond Hill * Spacious unit offers a functional layout with 930 square feet of living space * 80 square foot balcony boasting unobstructed east views * Enjoy the convenience of two parking spots included * The unit features 2+1 bedrooms along with 2 full bathrooms * The open concept living and dining area is perfect for entertaining * With over $50,000 in upgrades compared to similar units, highlights include an additional parking spot, LED lighting, Fotile range hood, extra-deep kitchen cabinets, upgraded tiles in the kitchen and master ensuite, flooring, and more
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-28 2024-09-13 108 $999,000 - Suspended
2021-10-26 2021-10-26 0 $838,000 $835,000 Sold
2021-10-14 2021-10-26 12 $788,000 - Terminated
Property Features
Park, Public Transit, School
Property Details
Community
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,296 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
2
Parking 1
Owned (Level B)
Parking 2
Owned (Level B)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain10.01' x 20.01'Combined W/Dining, W/O To Balcony, Laminate
DiningMain10.01' x 20.01'Combined W/Living, Led Lighting, Laminate
KitchenMain6.73' x 10.50'Quartz Counter, Stainless Steel Appl, Tile Floor
DenMain10.33' x 10.01'Open Concept, Led Lighting, Laminate
BrMain9.15' x 12.99'3 Pc Ensuite, W/I Closet, Laminate
2nd BrMain10.01' x 11.48'Led Lighting, Double Closet, Laminate
Richmond Hill Market Statistics
Richmond Hill Price Trend
398 Highway 7 St E 305 is a 2-bedroom 2-bathroom condo listed for sale at $899,000, which is $258,223 (40.3%) higher than the average sold price of $640,777 in the last 30 days (August 22 - September 20). During the last 30 days the average sold price for a 2 bedroom condo in Richmond Hill declined by $54,907 (7.9%) compared to the previous 30 day period (July 23 - August 21) and down $106,173 (14.2%) from the same time one year ago.
Inventory Change
There were 50 2-bedroom condos listed in Richmond Hill over the last 30 days (August 22 - September 20), which is down 21.9% compared with the previous 30 day period (July 23 - August 21) and up 13.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Richmond Hill typically sold ($26,216) (4.1%) below asking price over the last 30 days (August 22 - September 20), which represents a $4,141 increase compared to the previous 30 day period (July 23 - August 21) and $4,028 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 2-bedroom condos in Richmond Hill over the last 30 days (August 22 - September 20) stood at 36.0%, up from 29.7% over the previous 30 days (July 23 - August 21) and down from 36.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Richmond Hill stood at 28 days when successfully sold over the last 30 days (August 22 - September 20), compared to 85 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Partners Realty Inc.
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