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Property Description
Investors/Renovators....possible 3plex opportunity, large 1665sqft home. Spacious living room, streams of natural light through the front windows. Flow seamlessly into the dining room, open layout offers a seamless transition into the kitchen. Here, you'll discover ample cupboard space and convenient access to the 2nd entrance. Down the hall is the primary bedroom, along with the main 3-piece bathroom and 2 comfortably sized bedrooms. Fourth bedroom, tucked away for added privacy, along with a convenient laundry room and a sunroom boasting panoramic views of the backyard. Sliding doors to the back patio, this sanctuary is the perfect spot to unwind and soak in the beauty of nature. The lower level, where endless possibilities await. Spacious rec room, 2nd kitchen, & dining area, ideal for hosting guests. Additional bonus room, versatile enough to serve as a bedroom or home office, offers flexibility to suit your lifestyle needs. 3-piece bathroom and utility room with ample storage space complete this lower level. With a layout conducive to multi-family living or the potential for rental income, this home presents a rare opportunity for investment and versatility. Expansive backyard beckons for gardening, entertaining, and relaxation. Located near shopping, schools, parks, hospitals, and more, this home ready to welcome its next chapter of memories.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-23 | 2024-07-09 | 48 | $499,900 | - | Suspended |
| 2024-04-19 | 2024-05-22 | 34 | $549,900 | - | Suspended |
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1500-2000
Lot Size
89' x 108'
Acreage
< .50
Fronting
East
Taxes
$3,306 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Ground | 12.66' x 21.82' | |
| Family | Ground | 14.67' x 19.69' | |
| Prim Bdrm | Ground | 9.84' x 11.68' | |
| 2nd Br | Ground | 9.51' x 10.66' | |
| 3rd Br | Ground | 10.24' x 12.99' | |
| Bathroom | Ground | 6.56' x 9.51' | 4 Pc Bath |
| 4th Br | Ground | 10.93' x 14.07' | |
| Laundry | Ground | 10.93' x 7.84' | |
| Sunroom | Ground | 15.32' x 13.48' | |
| Kitchen | Bsmt | 11.91' x 30.09' | |
| Rec | Bsmt | 13.32' x 15.49' |
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Norfolk Market Statistics
Norfolk Price Trend
171 King Lane is a 3-bedroom 2-bathroom home listed for sale at $455,777, which is $177,198 (28.0%) lower than the average sold price of $632,975 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Norfolk declined by $67,025 (9.6%) compared to the previous 30 day period (September 21 - October 20) and down $271,858 (30.0%) from the same time one year ago.Inventory Change
There were 16 3-bedroom homes listed in Norfolk over the last 30 days (October 21 - November 19), which is down 33.3% compared with the previous 30 day period (September 21 - October 20) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Norfolk typically sold ($22,964) (3.6%) below asking price over the last 30 days (October 21 - November 19), which represents a $8,252 decrease compared to the previous 30 day period (September 21 - October 20) and ($11,166) 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 Norfolk over the last 30 days (October 21 - November 19) stood at 75.0%, up from 33.3% over the previous 30 days (September 21 - October 20) and up from 18.8% 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 Norfolk stood at 65 days when successfully sold over the last 30 days (October 21 - November 19), compared to 99 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Edge Realty
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