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 $6,563,667 (272.2%) higher than the average sold price of $2,411,333 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 4 bedroom home in King declined by $552,000 (18.6%) compared to the previous 30 day period (February 29 - March 29) and down $279,917 (10.4%) from the same time one year ago.Inventory Change
There were 31 4-bedroom homes listed in King over the last 30 days (March 30 - April 28), which is up 3.3% compared with the previous 30 day period (February 29 - March 29) and up 3.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in King typically sold ($75,666) (3.1%) below asking price over the last 30 days (March 30 - April 28), which represents a $88,445 increase compared to the previous 30 day period (February 29 - March 29) and ($255,652) more 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 (March 30 - April 28) stood at 29.0%, down from 30.0% over the previous 30 days (February 29 - March 29) and down from 53.3% 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 17 days when successfully sold over the last 30 days (March 30 - April 28), compared to 34 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 this exquisite, opulent haven nestled in the prestigious enclave of King City. Boasting an Impressive footprint, this magnificent luxury home stands as a testament to refined taste and uncompromising elegance. Every detail has been meticulously crafted to create a residence that exudes sophistication and offers an unparalleled living experience. The heart of this extraordinary home is the gourmet chef's kitchen, meticulously designed and equipped with stainless steel appliances, custom cabinetry, and a large central island. It serves as the epicenter for culinary creations and a gathering place for loved ones. Adjacent to the kitchen, a spacious dining area awaits, enveloped in an ambiance of elegance, perfect for hosting lavish dinner parties or enjoying intimate family meals.
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