7570 Rama Rd
Rural Ramara, Ramara, L0K 2B0
FOR SALE
$429,000
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Property Description
Attention first time home buyers! Available immediately is a quaint 2 bedroom, 1 bathroom home in the Floral Park area - just steps from Lake Couchiching and minutes from Washago and Orillia. Showcasing a large 51ft x 217ft lot, this property provides ample room for expansion and enjoyment. With vaulted ceilings, a steel roof, vinyl windows, water treatment system and laminate flooring, this home showcases upgrades throughout and is move in ready. Just a short walking distance to a public lake access and dock, this property is in the perfect location to enjoy everything this area has to offer! If youre looking for an income property, a summer cottage or your first time home, dont let this one pass you by!
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Property Features
Fenced Yard, Hospital, Marina, Part Cleared, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
700-1100
Lot Size
51' x 218'
Fronting
West
Taxes
$1,523 (2023)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Well
Parking Spaces
4
Driveway
Private
Garage Type
None
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Ramara Market Statistics
Ramara Price Trend
7570 Rama Rd is a 2-bedroom 1-bathroom home listed for sale at $429,000, which is $451,500 (51.3%) lower than the average sold price of $880,500 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in Ramara increased by $500,500 (131.7%) compared to the previous 30 day period (February 29 - March 29) and down $125,750 (12.5%) from the same time one year ago.Inventory Change
There were 6 2-bedroom homes listed in Ramara over the last 30 days (March 30 - April 28), which is up 50.0% compared with the previous 30 day period (February 29 - March 29) and up 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Ramara typically sold ($33,950) (3.9%) below asking price over the last 30 days (March 30 - April 28), which represents a $5,950 increase compared to the previous 30 day period (February 29 - March 29) and ($34,424) 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 2-bedroom homes in Ramara over the last 30 days (March 30 - April 28) stood at 33.3%, up from 25.0% over the previous 30 days (February 29 - March 29) and down from 80.0% 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 28 days when successfully sold over the last 30 days (March 30 - April 28), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Right Move
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