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Property Description
Great lot measuring 128.25 feet x 197.78 feet, nice elevation for drainage. Lot is 24,993.78 sq ft, and just over a half acre as per Norfolk 0.58. This R1 zone allows for an Additional Residential Dwelling Unit, (ARDU). A step by Step building Permit Package is in documents. You can Build a 807 sq foot auxilary residence, so you can develope for your future. And if that is not in your cards, this all brick bungalow with 1370 sq ft on main + 525 lower is apprx 1895 in total, may just suite your needs. Kitchen, baths are older 1959. Kitchen has a walkout to a large deck over the built-in garages and step down to the rear lot. Steel beamed. Shingles 2012. Basement has a 4th bedrom, recrm, 4 pce, and walk out though the garage. Good Duplexing possibilities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-10 | 2024-11-13 | 95 | $529,750 | - | Terminated |
| 2023-04-25 | 2023-08-29 | 126 | $599,000 | - | Terminated |
Extras
Can also be a great building lot. Envision 4 townhouses, with under house garages. This property has many options for a bright future.
Property Features
Fenced Yard, Level, Park, School, Sloping
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
126' x 198'
Acreage
.50-1.99
Lot Irregularities
Rectangular 0.58 acre lot. Built 1959
Fronting
North
Taxes
$3,865 (2024)
Basement
Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.47' x 19.03' | Fireplace, Wood Stove, O/Looks Frontyard |
| Dining | Main | 9.02' x 10.50' | Open Concept, O/Looks Frontyard, Large Window |
| Kitchen | Main | 14.11' x 14.11' | Eat-In Kitchen, W/O To Deck, O/Looks Backyard |
| Br | Main | 9.84' x 13.45' | Hardwood Floor, Closet, O/Looks Backyard |
| 2nd Br | Main | 10.01' x 12.30' | Hardwood Floor, Closet, O/Looks Frontyard |
| 3rd Br | Main | 9.02' x 12.30' | Hardwood Floor, Closet, O/Looks Backyard |
| Br | Lower | 8.53' x 12.30' | |
| Rec | Lower | 13.45' x 23.46' | |
| Workshop | Lower | 12.47' x 19.03' | Unfinished |
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Norfolk Market Statistics
Norfolk Price Trend
53 Cherry St is a 3-bedroom 2-bathroom home listed for sale at $499,750, which is $133,225 (21.0%) 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 Re/Max Real Estate Centre Inc.
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