486 Palmer Ave

FOR SALE
$2,980,000
486 Palmer Ave, Richmond Hill
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
486 Palmer Ave
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5 + 1
BEDROOMS
5
BATHROOMS
1
KITCHENS
11 + 5
ROOMS
N9016328
MLSID
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Property Description
Prestigious Bayview Hill home with 3 car Tandem Garage, Rarely Find Premium Lot Backing onto Ravine, Spacious Elegant Kitchen w/Oynx Stone Counter, Sunroom with 3 Skylight and W/O to Huge Deck, Separate entrance to basement with wet bar and large Rec., Large Skylight above the stairwell, New window and sliding door in Kitchen Solarioum 2024. Main Entrance Door 2024, New stone driveway and Entrance Step 2024. Well Kept and Lot of Upgrade home. Top Ranking Bayview Secondary School Zone.
Nearby Intersections
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
70' x 150'
Lot Irregularities
Irregular Lot
Fronting
South
Taxes
$14,670 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingGround11.81' x 21.65'Bay Window, French Doors, Hardwood Floor
DiningGround11.81' x 16.01'Window, Moulded Ceiling, Hardwood Floor
KitchenGround12.14' x 24.28'Breakfast Area, Pot Lights, Stone Counter
SolariumGround12.14' x 12.47'Cathedral Ceiling, Skylight, W/O To Deck
FamilyGround11.98' x 18.04'Fireplace, O/Looks Garden, Hardwood Floor
LibraryGround9.68' x 12.63'O/Looks Garden, Formal Rm, Hardwood Floor
Prim Bdrm2nd12.14' x 27.89'6 Pc Ensuite, W/I Closet, Combined W/Sitting
2nd Br2nd13.94' x 15.26'2 Pc Ensuite, Large Closet, O/Looks Garden
3rd Br2nd11.98' x 12.40'Large Closet, Window, Hardwood Floor
4th Br2nd10.73' x 12.01'Closet, Window, Hardwood Floor
Den2nd10.56' x 11.75'Window, French Doors, Hardwood Floor
RecBsmt16.11' x 36.78'Wet Bar, 4 Pc Bath
Richmond Hill Market Statistics
Richmond Hill Price Trend
486 Palmer Ave is a 5-bedroom 5-bathroom home listed for sale at $2,980,000, which is $623,617 (26.5%) higher than the average sold price of $2,356,383 in the last 30 days (June 17 - July 16). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $53,888 (2.2%) compared to the previous 30 day period (May 18 - June 16) and down $91,832 (3.8%) from the same time one year ago.
Inventory Change
There were 34 5-bedroom homes listed in Richmond Hill over the last 30 days (June 17 - July 16), which is down 27.7% compared with the previous 30 day period (May 18 - June 16) and up 36.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold $6,491 (0.3%) above asking price over the last 30 days (June 17 - July 16), which represents a $99,737 decrease compared to the previous 30 day period (May 18 - June 16) and $91,816 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 (June 17 - July 16) stood at 35.3%, up from 23.4% over the previous 30 days (May 18 - June 16) and down from 68.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Richmond Hill stood at 34 days when successfully sold over the last 30 days (June 17 - July 16), compared to 43 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 King`S Quay Real Estate Inc.
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