7 Riley Reed Lane N

FOR SALE
$1,218,000
7 Riley Reed Lane N, Richmond Hill
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
7 Riley Reed Lane N
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
7
ROOMS
N9259894
MLSID
Contact Us
Property Description
Welcome to this exquisite brand-new Rare Lane townhouse, located in one of Richmond Hill's most desirable areas. Featuring 9ft ceilings and beautiful hardwood floors throughout All levels, this home is designed for contemporary living with a bright and functional layout.Double Porches at both Front & Back.Two Foyer Area both contain Closet on Main. The gourmet kitchen is equipped with brand-new appliances and a spacious Central island, walkout to a lovely deck, ideal for alfresco dining. The upper-level features three generously sized bedrooms, Additional features include direct access from the garage, Huge laundry room on Main, ample storage and an unfinished basement that awaits your personal touch.Situated just steps from Richmond Green Park, Richmond Green Secondary School, and Costco, with easy access to Highway 404, this home offers both convenience and style. This move-in-ready home, with its modern design and prime location, is a rare find that you won't want to miss!
Property Details
Property Type
Att/Row/Townhouse, 3-Storey
Lot Size
20' x 77'
Fronting
North
Taxes
$5,294 (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
Room Summary
RoomLevelSizeFeatures
LivingMain14.99' x 18.67'Combined W/Dining, Large Window, Hardwood Floor
DiningMain12.01' x 18.67'Combined W/Living, Large Window, Hardwood Floor
KitchenMain13.19' x 14.99'Combined W/Br, Granite Floor, Stainless Steel Appl
BreakfastMain10.01' x 9.51'Combined W/Kitchen, Granite Floor, Overlook Patio
Prim Bdrm2nd12.60' x 11.38'4 Pc Ensuite, W/I Closet, Hardwood Floor
2nd Br2nd8.99' x 8.99'Large Window, Closet, Hardwood Floor
3rd Br2nd10.01' x 9.51'Large Window, Closet, Hardwood Floor
Richmond Hill Market Statistics
Richmond Hill Price Trend
7 Riley Reed Lane N is a 3-bedroom 3-bathroom townhome listed for sale at $1,218,000, which is $29,700 (2.5%) higher than the average sold price of $1,188,300 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill increased by $60,339 (5.3%) compared to the previous 30 day period (July 22 - August 20) and down $73,778 (5.8%) from the same time one year ago.
Inventory Change
There were 106 3-bedroom townhomes listed in Richmond Hill over the last 30 days (August 21 - September 19), which is up 71.0% compared with the previous 30 day period (July 22 - August 20) and up 41.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in Richmond Hill typically sold ($12,236) (1.0%) below asking price over the last 30 days (August 21 - September 19), which represents a $64,731 decrease compared to the previous 30 day period (July 22 - August 20) and $50,629 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 (August 21 - September 19) stood at 23.6%, down from 71.0% over the previous 30 days (July 22 - August 20) and down from 37.3% 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 22 days when successfully sold over the last 30 days (August 21 - September 19), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 The One Realty
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