7498 Island Cres

FOR SALE
$624,900
7498 Island Cres, Ramara
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
7498 Island Cres
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1
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1
KITCHENS
4
ROOMS
S9230768
MLSID
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Property Description
STUNNING VIEWS & ENDLESS OUTDOOR ADVENTURES AWAIT AT THIS TURN-KEY WATERFRONT RETREAT! This admirable waterfront property is a nature lover's dream come true! Nestled in a family-friendly neighbourhood, this bungalow offers a peaceful atmosphere & breathtaking waterfront views. Spread out on over half an acre of treed land, enjoy the convenience of having access to a year-round municipality-maintained road. Enjoy having access to over 26 km of river for boating, fishing, canoeing, & kayaking! This property also offers easy access to shopping, parks, highways, & various outdoor activities, including golf & beaches. Step inside & you'll find a turn-key property that exudes pride of ownership, with recent upgrades, including a new furnace (2023), fridge (2022), dishwasher (2022), fresh paint, & some light fixtures. The spacious & charming eat-in kitchen is a delight, featuring an island with breakfast bar seating, a beautiful tiled backsplash, & modern S/S appliances. As you step into the living room, you'll be greeted by abundant natural light from the large windows that showcase the picturesque surroundings. The main floor primary bedroom awaits a peaceful night's rest, offering laminate floors & a modern ceiling fan. One additional bedroom boasts harmonious laminate flooring & a 4-pc bathroom will serve guests & families alike! Rounding off the main floor amenities is a well-sized laundry room, which will make daily chores a breeze. Back outside, the tranquillity continues into the lovely outdoor space with two decks, a fire pit, & a large shed for storage. Newly landscaped with armour stone accents, beautifully appointed gardens and a walkway. The footings are already in place for a future dock, so you can easily enjoy boating or fishing. One of the additional benefits of this property is that thousands of dollars have been spent on an upgraded leaf filter gutter system with a transferable warranty.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-10 2024-07-29 19 $639,900 - Terminated
2023-09-10 2023-11-01 52 $675,000 - Terminated
2023-04-06 2023-04-08 2 $674,900 - Terminated
2023-05-12 2023-06-10 29 $724,900 - Terminated
2023-05-03 2023-05-12 9 $599,900 - Terminated
2023-04-13 2023-05-03 20 $749,900 - Terminated
2023-04-06 2023-04-08 2 $674,900 - Terminated
2023-05-12 2023-06-10 29 $724,900 - Terminated
2023-05-03 2023-05-12 9 $599,900 - Terminated
2023-04-13 2023-05-03 20 $749,900 - Terminated
2023-04-06 2023-04-08 2 $674,900 - Terminated
2023-05-12 2023-06-10 29 $724,900 - Terminated
2023-05-03 2023-05-12 9 $599,900 - Terminated
2023-04-13 2023-05-03 20 $749,900 - Terminated
2023-04-06 2023-04-08 2 $674,900 - Terminated
Property Features
Beach, Campground, Golf, Hospital, River/Stream, School
Property Details
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
124' x 311'
Acreage
< .50
Lot Irregularities
As Per Geo/.55 Acres
Fronting
South
Taxes
$2,294 (2023)
Basement
Crawl Space, Unfinished
Exterior
Stone, Wood
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
10
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain14.01' x 14.01'Eat-In Kitchen, Laminate
LivingMain14.57' x 15.91'Laminate
LaundryMain4.92' x 8.99'
Prim BdrmMain11.84' x 14.57'Laminate
2nd BrMain11.09' x 10.66'Laminate
Ramara Market Statistics
Ramara Price Trend
7498 Island Cres is a 2-bedroom 1-bathroom home listed for sale at $624,900, which is $87,100 (12.2%) lower than the average sold price of $712,000 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom home in Ramara declined by $18,000 (2.5%) compared to the previous 30 day period (July 17 - August 15) and down $4,323 (0.6%) from the same time one year ago.
Inventory Change
There were 4 2-bedroom homes listed in Ramara over the last 30 days (August 16 - September 14), which is down 20.0% compared with the previous 30 day period (July 17 - August 15) and down 71.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Ramara typically sold ($17,450) (2.5%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,300 increase compared to the previous 30 day period (July 17 - August 15) and ($2,772) 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 2-bedroom homes in Ramara over the last 30 days (August 16 - September 14) stood at 50.0%, up from 40.0% over the previous 30 days (July 17 - August 15) and down from 364.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Ramara stood at 48 days when successfully sold over the last 30 days (August 16 - September 14), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Peggy Hill Group Realty
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