7485 King Rd
Rural King, King, L0G 1T0
FOR SALE
$2,899,990
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3
BEDROOMS1
BATHROOMS1
KITCHENS5 + 2
ROOMSN9389337
MLSIDContact Us
Property Description
Stunning 3.6 Acres with Scenic Views and 1957 Brick Bungalow**This 1100 sq. ft. bungalow is a blank canvas awaiting your personal touches. The property is being sold "as is," primarily for its land value. Situated in a beautiful and convenient location, the property offers long views and easy access to thousands of acres of conservation land ideal for a new home. This site will attract landscapers and renovators, featuring ample parking and good visibility from the road. Note that the slopes are managed by the TRCA. Property may offer possibilities of future diverse development, whether residential, commercial or mixed use.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-26 | 2024-10-30 | 65 | $3,000 | $2,600 | Leased |
2022-06-13 | 2022-10-13 | 122 | $2,499,000 | - | Expired |
2021-10-22 | 2021-12-04 | 44 | $1,699,000 | $1,600,000 | Sold |
Extras
S/S Appliances, stove, Fridge, washer & Dryer.
Property Features
Ravine, Sloping
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
338' x 510'
Fronting
South
Taxes
$6,139 (2024)
Basement
Unfinished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Central Air
Water
Well
Parking Spaces
15
Driveway
Private
Garage Type
None
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King Market Statistics
King Price Trend
7485 King Rd is a 3-bedroom 1-bathroom home listed for sale at $2,899,990, which is $928,990 (47.1%) higher than the average sold price of $1,971,000 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 3 bedroom home in King increased by $109,530 (5.9%) compared to the previous 30 day period (October 3 - November 1) and up $545,500 (38.3%) from the same time one year ago.Inventory Change
There were 18 3-bedroom homes listed in King over the last 30 days (November 2 - December 1), which is up 20.0% compared with the previous 30 day period (October 3 - November 1) and up 38.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in King typically sold ($180,780) (9.2%) below asking price over the last 30 days (November 2 - December 1), which represents a $38,460 decrease compared to the previous 30 day period (October 3 - November 1) and ($63,479) 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 homes in King over the last 30 days (November 2 - December 1) stood at 27.8%, down from 66.7% over the previous 30 days (October 3 - November 1) and down from 38.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in King stood at 48 days when successfully sold over the last 30 days (November 2 - December 1), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with King Realty Inc.
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