8 Orbit Ave
Observatory, Richmond Hill, L4C 4Z1
FOR SALE
$1,999,000
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4 + 1
BEDROOMS5
BATHROOMS1
KITCHENS10
ROOMSN8216202
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Property Description
Welcome To Richmond Hill's Most Sought After Community, Observatory Hill! Luxury 4+1 Bedrooms & 5 Bathrooms Semi Detached. Bright South Exposure. 9' Smooth Ceiling On Main & 2nd Floor, Hardwood Throughout Main & 2nd Floor. Builder Professionally Finished Bsmt W/ Tarion Warranty. Custom Built-In Shelf In Living Room. Walk To Park, Shops And Legendary School zone: Bayview Secondary School (Ib)(8/747), Sixteenth Ave public school. walk to Richmond Hill Montessori private school & TMS.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-22 | 2024-04-07 | 76 | $2,099,900 | - | Terminated |
| 2023-06-06 | 2023-06-05 | 2 | $1,890,000 | $1,850,000 | Sold |
| 2023-04-11 | 2023-05-04 | 23 | $1,960,000 | - | Terminated |
| 2023-04-11 | 2023-04-28 | 17 | $1,960,000 | - | Suspended |
| 2023-02-03 | 2023-04-01 | 57 | $1,960,000 | - | Terminated |
| 2022-04-14 | 2022-05-02 | 18 | $2,088,888 | $2,010,000 | Sold |
Extras
Lucky Number 8! Stainless Steel fridge,stove,dishwasher. Washer & Dryer, Led Pot Lights, Custom Window Coverings, Central Air Conditioning
Nearby Intersections
Yonge & 16th Avenue (177)
Bayview & Weldrick (23)
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Lot Size
27' x 98'
Fronting
North
Taxes
$7,841 (2023)
Basement
Finished
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
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Richmond Hill Market Statistics
Richmond Hill Price Trend
8 Orbit Ave is a 4-bedroom 5-bathroom home listed for sale at $1,999,000, which is $66,342 (3.4%) higher than the average sold price of $1,932,658 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill increased by $4,848 (0.3%) compared to the previous 30 day period (March 3 - April 1) and up $23,386 (1.2%) from the same time one year ago.Inventory Change
There were 167 4-bedroom homes listed in Richmond Hill over the last 30 days (April 2 - May 1), which is up 31.5% compared with the previous 30 day period (March 3 - April 1) and up 51.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold $46,620 (2.4%) above asking price over the last 30 days (April 2 - May 1), which represents a $41,144 decrease compared to the previous 30 day period (March 3 - April 1) and $84,252 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 4-bedroom homes in Richmond Hill over the last 30 days (April 2 - May 1) stood at 45.5%, down from 52.0% over the previous 30 days (March 3 - April 1) and down from 76.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Richmond Hill stood at 9 days when successfully sold over the last 30 days (April 2 - May 1), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Excel Realty Ltd.
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