71 Newport Lane

FOR SALE
$1,199,999
71 Newport Lane, Norfolk
71 Newport Lane
71 Newport Lane
71 Newport Lane
71 Newport Lane
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
10 + 4
ROOMS
X9241454
MLSID
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Property Description
Exquisite Custom-Built Bungalow by Prominent Homes!** Discover the epitome of luxury in this sprawling 1787 sqft bungalow, meticulously crafted for comfort and style. Featuring 5 spacious bedrooms and 3 elegant bathrooms, this open-concept masterpiece is an entertainers dream. The chefs kitchen dazzles with granite countertops, perfect for hosting unforgettable gatherings. Retreat to the master suite, where a jetted soaker tub awaits in the luxurious ensuite. The fully finished basement, with its own separate entrance, boasts an in-law suite and an oversized rec room complete with a games area for endless fun. Step outside onto the massive back porch and take in the breathtaking views of a serene private pond, complete with a charming walkway. Nestled in the lovely lakeside town of Port Dover, this home is conveniently close to a top-notch golf course, blending elegance with recreational bliss. Walk to the river, the marina, parks, the beach or the local eateries and shops!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-01-18 2023-03-12 53 $990,000 $965,000 Sold
Property Details
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
62' x 128'
Fronting
West
Taxes
$6,072 (2023)
Basement
Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain21.10' x 16.24'
DiningMain12.34' x 14.24'
KitchenMain9.51' x 14.67'
Prim BdrmMain12.01' x 12.01'
BathroomMain8.23' x 9.15'5 Pc Bath
2nd BrMain14.60' x 10.93'
3rd BrMain13.32' x 9.91'
BathroomMain7.84' x 7.41'5 Pc Bath
LaundryMain6.00' x 6.92'
RecBsmt19.00' x 27.00'
4th BrBsmt12.66' x 16.57'
5th BrBsmt12.93' x 13.32'
Norfolk Market Statistics
Norfolk Price Trend
71 Newport Lane is a 3-bedroom 3-bathroom home listed for sale at $1,199,999, which is $630,624 (110.8%) higher than the average sold price of $569,375 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Norfolk declined by $27,730 (4.6%) compared to the previous 30 day period (July 22 - August 20) and down $71,339 (11.1%) from the same time one year ago.
Inventory Change
There were 17 3-bedroom homes listed in Norfolk over the last 30 days (August 21 - September 19), which is up 30.8% compared with the previous 30 day period (July 22 - August 20) and down 19.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Norfolk typically sold $837 (0.1%) above asking price over the last 30 days (August 21 - September 19), which represents a $7,763 increase compared to the previous 30 day period (July 22 - August 20) and ($16,185) 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 Norfolk over the last 30 days (August 21 - September 19) stood at 47.1%, down from 146.2% over the previous 30 days (July 22 - August 20) and up from 33.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Norfolk stood at 105 days when successfully sold over the last 30 days (August 21 - September 19), compared to 82 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Burloak Real Estate Services
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