380 Penn Ave

FOR SALE
$849,000
380 Penn Ave, Newmarket
380 Penn Ave
380 Penn Ave
380 Penn Ave
380 Penn Ave
380 Penn Ave
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2 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 6
ROOMS
N9349053
MLSID
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Property Description
Welcome to 380 Penn Ave situated on a Huge Premium 57 x 132 ft Private, treed lot in a Quiet Family Neighbourhood - just steps to Main Street - in the heart of Newmarket! This Solid Raised Brick Bungalow Features 4 Bedrooms and Over 2300 SqFt of Finished Living Space with a Spacious Open Concept Layout. W/O from Main Floor to Huge Covered Deck Surrounded by Lush Shade Trees. Two Identical Units (upper and lower) with Separate Entrance to Bright, Updated In-law Suite on Ground Level with 2 Large Bedrooms, reno'd bathroom & Separate: Laundry, Hydro Meter & HWT. Prof Finished Modern Basement Unit with Above Grade Windows is Freshly Painted with Brand New Laminate Flooring installed August 2024. Huge Driveway for all the Toys with 8 Parking Spaces + Carport! Fabulous Walk Score - just steps to GO Station & Historic Main Street, Fairy Lake Shops & Restaurants! Ideal central location surrounded by parks and conservation, close to schools elementary & secondary Schools, Transit & All Amenities!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-15 2024-09-13 29 $878,000 - Terminated
Extras
Covered deck, Shingles in good condition, Vinyl Windows & Patio Door, Laminate in Basement 2024, 2 x Renovated Bathrooms. Paved driveway. M/F Tenant Willing to Stay.
Nearby Intersections
Property Features
Golf, Hospital, Park, Public Transit, Rec Centre, School
Property Details
Street
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
57' x 132'
Fronting
South
Taxes
$4,729 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Electric
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Carport
Room Summary
RoomLevelSizeFeatures
KitchenMain12.24' x 15.09'Eat-In Kitchen, Large Window, Combined W/Laundry
LivingMain14.40' x 17.85'Broadloom, L-Shaped Room, Window
DiningMain12.24' x 8.76'Broadloom, W/O To Deck, Window
Prim BdrmMain11.09' x 13.25'Broadloom, Double Closet, Window
2nd BrMain12.24' x 9.09'Broadloom, Double Closet, Window
KitchenBsmt12.24' x 15.09'Eat-In Kitchen, Large Window, Combined W/Laundry
LivingBsmt14.40' x 17.85'Laminate, L-Shaped Room, Above Grade Window
DiningBsmt12.24' x 8.76'Laminate, Walk-Out, Above Grade Window
3rd BrBsmt11.09' x 13.25'Laminate, Double Closet, Above Grade Window
4th BrBsmt12.24' x 9.09'Laminate, Double Closet, Above Grade Window
Newmarket Market Statistics
Newmarket Price Trend
380 Penn Ave is a 2-bedroom 2-bathroom home listed for sale at $849,000, which is $137,500 (13.9%) lower than the average sold price of $986,500 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom home in Newmarket declined by $122,250 (11.0%) compared to the previous 30 day period (July 20 - August 18) and up $126,500 (14.7%) from the same time one year ago.
Inventory Change
There were 5 2-bedroom homes listed in Newmarket over the last 30 days (August 19 - September 17), which is down 0.0% compared with the previous 30 day period (July 20 - August 18) and up 25.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Newmarket typically sold ($11,500) (1.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $21,950 increase compared to the previous 30 day period (July 20 - August 18) and ($49,000) 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 Newmarket over the last 30 days (August 19 - September 17) stood at 20.0%, down from 80.0% over the previous 30 days (July 20 - August 18) and down from 75.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Newmarket stood at 21 days when successfully sold over the last 30 days (August 19 - September 17), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Turnkey Realty
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