62 Mount Mellick Dr
Rural King, King, L7B 1A3
FOR SALE
$8,975,000
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4
BEDROOMS5
BATHROOMS1
KITCHENS10
ROOMSN8230476
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Property Description
Indulge In Unparalleled Luxury At This Exquisitely Designed Opulent Masterpiece. Nestled Within One of King City's Finest Neighbourhoods, This Majestic Home (Approx 8,500 Sq. Ft. Above Grade) Sprawled Over 2.3 Acres. Built By A Reputable Custom Builder Featuring Dramatic Design Elements, Panoramic Views And Timeless Sophistication. Award-winning FDM Designs Graced This Palatial Estate With Some Sophisticated and Elegant Finishes Including 12" Main Floor Ceilings And 10" On The Second Floor. Imported Polished Tile & Engineered Hardwood Floors, Heated Floors In Basement And Bathrooms, Custom Built Cabinetry, Control 4 System. A True Showpiece For Those Seeking an Exquisite Estate Lifestyle Close to the Best Private Schools.Tarion Warranty. Buyer Has Some Opportunities To Customize Some Interior/Exterior Finishes Where Applicable.
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Extras
Tarion Home Warranty.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
329' x 411'
Acreage
2-4.99
Fronting
East
Taxes
$1 (2024)
Basement
Unfinished
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
40
Driveway
Private
Garage Type
Attached
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King Market Statistics
King Price Trend
62 Mount Mellick Dr is a 4-bedroom 5-bathroom home listed for sale at $8,975,000, which is $6,687,250 (292.3%) higher than the average sold price of $2,287,750 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in King declined by $572,659 (20.0%) compared to the previous 30 day period (September 23 - October 22) and up $150,350 (7.0%) from the same time one year ago.Inventory Change
There were 29 4-bedroom homes listed in King over the last 30 days (October 23 - November 21), which is down 19.4% compared with the previous 30 day period (September 23 - October 22) and up 52.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in King typically sold ($168,235) (7.4%) below asking price over the last 30 days (October 23 - November 21), which represents a $79,565 increase compared to the previous 30 day period (September 23 - October 22) and ($154,679) 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 King over the last 30 days (October 23 - November 21) stood at 55.2%, up from 30.6% over the previous 30 days (September 23 - October 22) and up from 52.6% 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 King stood at 25 days when successfully sold over the last 30 days (October 23 - November 21), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Parkland Ltd.
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Welcome to the lap of luxury at this majestic King City estate, spanning on over 2.5 acres of picturesque land. With over 10,000 square feet of modern and tasteful finishes, this home exudes elegance with a grand entrance, maple 5inch hand scraped Mennonite hardwood throughout. A chef's lavish kitchen complete with Dacor fridge and freezer, an 84-inch Wolf stove, and not one, but two walk-in pantries. Boasting 5 bedrooms, the primary bedroom includes a extravagant closet and an exquisite bathroom. This home features sound proof installation throughout the second floor. Additionally, this property showcases a huge in-law suite for extended family or guests. Step outside to the backyard oasis, offering unmatched privacy, a basketball court, open field, and a cozy firepit perfect for outdoor gatherings and relaxation. Experience the ultimate in luxury living at this remarkable estate.
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For The First Time Ever Available On The Market, This Property Is A Rare Gem From The Original Owners, Presenting An Unparalleled Opportunity For Development. Spanning 48 Manicured Acres At The Prime Intersection Of Highway 27 And 17th Sideroad, This Flat Land Boasts Over 1,000 Feet Of Coveted Frontage On Both Roads. The Estate Features Two Custom-built Homes And Two Custom Workshops, Showcasing Immense Potential For Various Development Ventures. The Main Residence, Constructed In 2006, Offers Over 6,000 Square Feet Of Luxurious Living Space With A Solid Concrete Foundation And A Metal Roof. The Secondary House And Workshop Currently Generate $6,000 In Monthly Rental Income, Adding Immediate Value. This Corner Property's Strategic Location Is Just A Stone's Throw From Nobleton, 15 Minutes To Kleinburg, And 25 Minutes To The Airport Opens Up Limitless Possibilities For Builders To Create A Grand Custom Home Or For Families To Enjoy A Sprawling Estate For Generations. With Its Exceptional Frontage And Versatile Usage, This Property Invites You To Imagine And Realize Its Full Potential
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