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Property Description
This gorgeous 4+1 bedroom home with over 3000sq ft of living space has a private backyard oasis and is located in one of the best school districts in London. On the main level you will find natural light fills both the formal dining room and living room. You will love the functional updated kitchen with granite counters and convenient eating area. The family room is where you will want to cozy up by the wood fireplace surrounded by built-ins this winter. A 2pc bath, access to the oversized 2 car garage as well as a side entrance complete the main level. Upstairs you will find 4 bedrooms, 2 with ensuites! The massive primary ensuite has 2 vanities, the spa-like steam shower also has 2 shower heads. The lower level is where you will find the 5th bedroom, rec room, bar area, laundry room (with chute from the second level for convenience) and a spacious bonus room that would make the perfect gym, 4th living space or storage area. The backyard features a saltwater heated on-ground pool, a gazebo, and a spacious deck, plus a separate area with a large 12x12 shed equipped with hydro and its own panel - perfect for a workshop, Harley storage, or transforming into a poolside cabana. There is also a half-court area that would be fantastic potential green space as well as a dog run. This home offers the perfect blend of relaxation and convenience, nestled in a highly sought-after neighbourhood. Updates include kitchen by Casey's Kitchens, 2021 California shutters, pool liner 2021, security pool cover 2021, electrical panel 2022, dryer 2023.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-04 | 2024-10-28 | 24 | $1,049,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
58' x 120'
Acreage
< .50
Lot Irregularities
60.16 x105.11x 58.21x 120.34 x 23.83 ft
Fronting
North
Taxes
$6,095 (2024)
Basement
Full, Part Fin
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 15.39' x 17.62' | |
| Dining | Main | 11.91' x 13.39' | |
| Kitchen | Main | 9.25' x 11.22' | |
| Breakfast | Main | 9.58' x 11.52' | |
| Family | Main | 15.35' x 16.17' | |
| Prim Bdrm | 2nd | 15.58' x 17.62' | |
| Bathroom | 2nd | 11.61' x 11.75' | 5 Pc Ensuite |
| Br | 2nd | 11.32' x 13.35' | |
| Br | 2nd | 10.37' x 12.53' | |
| Br | 2nd | 8.92' x 11.19' | |
| Rec | Bsmt | 13.29' x 21.03' | |
| Office | Bsmt | 11.12' x 13.02' |
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London Market Statistics
London Price Trend
12 Somerset Cres is a 4-bedroom 4-bathroom home listed for sale at $999,900, which is $121,701 (13.9%) higher than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) 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 4-bedroom homes in London over the last 30 days (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% 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 London stood at 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Blue Forest Realty Inc.
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