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Property Description
**Welcome to 107 River Run Terrace!** Nestled in a prime location close to London Airport and local shopping, this charming home is just 5 minutes from downtown and Highway 401, 25 minutes from downtown St. Thomas, and an hour from Toronto Airport, making travel convenient and quick. For recreation enthusiasts, East Park Golf Gardens, city walking and biking paths, and the Meadow Lily Trail are easily accessible. This property features a delightful backyard and ample parking. Natural light floods the living room/dining room combo through a large picture window, creating an inviting space perfect for entertaining young families. The expansive family room in the basement boasts a cozy gas fireplace and a second bathroom, while the lower-level laundry offers a convenient laundry chute from the main floor. A walk-up basement back door leads to a large, fenced-in backyard, ideal for evening BBQs, gardening, and enjoying the outdoors. Notable updates include roof shingles and a skylight (2017), a furnace (2008), a rental hot water heater (2021), and main bathroom accessibility (2013). Don't miss out on this cozy gem! Book your showing TODAY!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-11 | 2024-09-03 | 84 | $619,000 | - | Terminated |
2024-05-13 | 2024-06-12 | 30 | $619,000 | - | Terminated |
2024-05-11 | 2024-06-10 | 30 | $619,000 | - | Terminated |
Property Features
Fenced Yard, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1500-2000
Lot Size
45' x 106'
Lot Irregularities
irregular
Fronting
West
Taxes
$3,125 (2023)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 16.57' x 12.40' | Broadloom, Bay Window |
Dining | Main | 9.32' x 10.99' | Broadloom, Open Concept |
Prim Bdrm | Main | 10.99' x 12.40' | Broadloom, Closet, Window |
2nd Br | Main | 11.42' x 7.58' | Broadloom, Closet, Window |
Bathroom | Main | 4.99' x 8.99' | |
Rec | Bsmt | 12.40' x 21.00' | Broadloom, Fireplace, Ceiling Fan |
3rd Br | Bsmt | 10.99' x 15.42' | Broadloom |
Laundry | Bsmt | 8.99' x 14.01' | |
Bathroom | Bsmt | 5.58' x 7.25' |
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London Market Statistics
London Price Trend
107 River Run Terr is a 2-bedroom 2-bathroom home listed for sale at $617,000, which is $88,813 (16.8%) higher than the average sold price of $528,187 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 2 bedroom home in London declined by $4,317 (0.8%) compared to the previous 30 day period (October 3 - November 1) and up $93,187 (21.4%) from the same time one year ago.Inventory Change
There were 63 2-bedroom homes listed in London over the last 30 days (November 2 - December 1), which is down 20.3% compared with the previous 30 day period (October 3 - November 1) and up 800.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($13,716) (2.6%) below asking price over the last 30 days (November 2 - December 1), which represents a $9,918 decrease compared to the previous 30 day period (October 3 - November 1) and ($38,900) 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 London over the last 30 days (November 2 - December 1) stood at 90.5%, up from 82.3% over the previous 30 days (October 3 - November 1) and up from 42.9% 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 London stood at 32 days when successfully sold over the last 30 days (November 2 - December 1), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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