5 Ritchie Cres

FOR SALE
$755,000
5 Ritchie Cres, Springwater
5 Ritchie Cres
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3 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
6 + 2
ROOMS
S8104572
MLSID
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Property Description
Welcome to 5 Ritchie Crescent in the charming village of Elmvale. Situated on a delightful, family-friendly street, this home is conveniently located within walking distance to schools, the library, and shopping facilities. Impeccably maintained over the years, this bungalow is ready for you to move in. Recent upgrades include newer windows, furnace and air conditioning system, a freshly re-done driveway, and a newer rear deck. Boasting five bedrooms in total, the main level 3rd bedrm walks out to the backyard, serving as an ideal additional family room space if desired.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-04-05 2022-04-09 4 $799,900 $835,000 Sold
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
72' x 110'
Fronting
East
Taxes
$2,800 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain9.74' x 9.91'
LivingMain14.83' x 13.32'
DiningMain11.75' x 13.25'
Prim BdrmMain13.58' x 10.83'
2nd BrMain9.58' x 12.66'
3rd BrMain12.01' x 12.66'
4th BrBsmt13.91' x 12.40'
5th BrBsmt17.42' x 10.07'
Springwater Market Statistics
Springwater Price Trend
5 Ritchie Cres is a 3-bedroom 2-bathroom home listed for sale at $755,000, which is $545,360 (41.9%) lower than the average sold price of $1,300,360 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom home in Springwater increased by $109,075 (9.2%) compared to the previous 30 day period (February 26 - March 26) and up $128,334 (10.9%) from the same time one year ago.
Inventory Change
There were 32 3-bedroom homes listed in Springwater over the last 30 days (March 27 - April 25), which is up 3.2% compared with the previous 30 day period (February 26 - March 26) and up 33.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Springwater typically sold ($35,293) (2.7%) below asking price over the last 30 days (March 27 - April 25), which represents a $1,679 decrease compared to the previous 30 day period (February 26 - March 26) and ($41,372) 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 3-bedroom homes in Springwater over the last 30 days (March 27 - April 25) stood at 46.9%, up from 45.2% over the previous 30 days (February 26 - March 26) and down from 79.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Springwater stood at 16 days when successfully sold over the last 30 days (March 27 - April 25), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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