506 Rita's Ave

FOR SALE
$1,288,000
506 Rita's Ave, Newmarket
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
506 Rita's Ave
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4 + 1
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
8 + 4
ROOMS
N8251284
MLSID
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Property Description
*Unlock The Door To Prosperity In This Spectacular Rare Gem In Summerhill Estates, Newmarket! *6 Years New, MINT Condition, 4 + 1 Bedroom Detached Home $$$ Spent In Upgrades Throughout! *Attention To Detail & Quality Upgrades Make This Home Turn-Key & Move-In Ready. *Features A Professionally Finished Basement Apartment w/Kitchen, 3 Pc Bath, Large Window, And A Separate Side Entrance With Interlock Walkway **INCOME PROPERTY**. *Boasting An Expanded Driveway With Interlocking. *Upgraded Kitchen On The Main Floor, Featuring High-End KitchenAid Black Stainless Steel Appliances With Gas Stove, Modern Cabinets, Quartz Countertop, Centre Island, And Stylish Backsplash. *Elegance Resonates Throughout the Home With Pristine Hardwood Floors, Dimmable Pot Lights And 9-foot Smooth Ceilings On The Main Floor. *The Primary Bedroom Is A True Retreat, Offering Luxury And Practicality With Its Power Retractable Vertical Blinds And Power Blackout Shade, 4-Pc Ensuite And Spacious Walk-in Closet. *Hunter Douglas Professionally Installed Vertical Blinds With Black Out Shades In Each Bedroom On The 2nd Floor. *Step Outside To A Large Cedar Deck And Hard-Top Pergola With Retractable See-Thru Panels. *Fully Fenced, Generously Sized Backyard And Landscaped Front Yard. *Also Features A Google Nest Thermostat. Whole Home Air Ventilation And Humidifier. Water Softener And Drinking Water Filtration System. *Minutes To Amenities, Upper Canada Mall, GoodLife Fitness, Schools (Crossland Public School & Sir William Mulock H.S), Hwy 404, YRT Bus & Go-Train!*
Nearby Intersections
Property Details
Street
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
30' x 116'
Fronting
West
Taxes
$5,931 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain10.43' x 24.15'Hardwood Floor, Combined W/Dining, W/O To Deck
DiningMain10.43' x 24.15'Hardwood Floor, Combined W/Living, Pot Lights
KitchenMain10.01' x 11.58'Hardwood Floor, Quartz Counter, Ceramic Back Splash
Family2nd18.90' x 20.44'Hardwood Floor, Pot Lights, Open Concept
Prim Bdrm2nd11.29' x 23.16'Hardwood Floor, 4 Pc Ensuite, W/I Closet
2nd Br2nd8.99' x 13.42'Hardwood Floor, Closet, Window
3rd Br2nd10.89' x 10.99'Hardwood Floor, Closet, Window
4th Br2nd9.28' x 10.96'Hardwood Floor, Closet, Window
LivingBsmt9.51' x 23.23'Laminate, Large Window, Pot Lights
DiningBsmt9.51' x 23.23'Laminate, Combined W/Living, Pot Lights
KitchenBsmt8.66' x 13.62'Laminate, Stainless Steel Appl, Ceramic Back Splash
5th BrBsmt9.78' x 12.47'Laminate, Large Closet, Pot Lights
Newmarket Market Statistics
Newmarket Price Trend
506 Rita's Ave is a 4-bedroom 4-bathroom home listed for sale at $1,288,000, which is $143,628 (10.0%) lower than the average sold price of $1,431,628 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 4 bedroom home in Newmarket declined by $10,607 (0.7%) compared to the previous 30 day period (March 3 - April 1) and down $4,292 (0.3%) from the same time one year ago.
Inventory Change
There were 93 4-bedroom homes listed in Newmarket over the last 30 days (April 2 - May 1), which is up 72.2% compared with the previous 30 day period (March 3 - April 1) and up 82.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Newmarket typically sold $4,239 (0.3%) above asking price over the last 30 days (April 2 - May 1), which represents a $6,830 decrease compared to the previous 30 day period (March 3 - April 1) and ($2,025) 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 4-bedroom homes in Newmarket over the last 30 days (April 2 - May 1) stood at 52.7%, down from 83.3% over the previous 30 days (March 3 - April 1) and down from 68.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Newmarket stood at 26 days when successfully sold over the last 30 days (April 2 - May 1), compared to 22 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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