486 Palmer Ave

FOR SALE
$2,897,000
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
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5 + 1
BEDROOMS
5
BATHROOMS
1
KITCHENS
11 + 5
ROOMS
N9361239
MLSID
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Property Description
Prestigious Bayview Hill home with 3 car Tandem Garage, Premium Lot Backing onto Park, Spacious Elegant Kitchen w/Oynx Stone Counter, Additional Sunroom ( Built 1991) with 2 Skylight and W/O to Huge Deck , Large Skylight above the stairwell, Separate stair to basement with wet bar and large Rec., and one bedroom and 3 large storage room, Newer window and sliding door in Kitchen 2024. Newer Main Entrance door 2024, Newer stone driveway and Entrance Step 2024. Well Kept and Lot of Upgrade home. Top Ranking Bayview Secondary School Zone.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-07 2024-09-21 76 $3,088,000 - Terminated
Nearby Intersections
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
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 $2,897,000, which is $458,771 (18.8%) higher than the average sold price of $2,438,229 in the last 30 days (September 5 - October 4). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill declined by $480,187 (16.5%) compared to the previous 30 day period (August 6 - September 4) and down $371,612 (13.2%) from the same time one year ago.
Inventory Change
There were 49 5-bedroom homes listed in Richmond Hill over the last 30 days (September 5 - October 4), which is up 69.0% compared with the previous 30 day period (August 6 - September 4) and up 113.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($190,679) (7.8%) below asking price over the last 30 days (September 5 - October 4), which represents a $120,929 decrease compared to the previous 30 day period (August 6 - September 4) and $165,873 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 (September 5 - October 4) stood at 22.4%, down from 41.4% over the previous 30 days (August 6 - September 4) and down from 30.4% 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 36 days when successfully sold over the last 30 days (September 5 - October 4), compared to 79 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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