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Property Description
Welcome to this cozy 2-bedroom, 1 bathroom home in London's thriving Old East Village! Perfect for first-time buyers or savvy investors, this property boasts a spacious lot with outdoor parking for up to 3 vehicles and a very large detached garage. With its prime location near the rapidly evolving 100 Kellogg Lane, you'll enjoy easy access to exciting local attractions.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-08-20 | 2020-09-26 | 37 | $269,900 | $242,000 | Sold |
Extras
Floor Plan Available Upon Request
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
33' x 116'
Acreage
< .50
Lot Irregularities
33.15x116.22x33.17x116.22
Fronting
South
Taxes
$2,517 (2024)
Basement
Crawl Space
Exterior
Alum Siding, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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London Market Statistics
London Price Trend
703 Elias St is a 2-bedroom 1-bathroom home listed for sale at $319,900, which is $215,554 (40.3%) lower than the average sold price of $535,454 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom home in London declined by $4,909 (0.9%) compared to the previous 30 day period (September 1 - September 30) and down $60,546 (10.2%) from the same time one year ago.Inventory Change
There were 85 2-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is up 2.4% compared with the previous 30 day period (September 1 - September 30) and up 1,600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($3,744) (0.7%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,515 increase compared to the previous 30 day period (September 1 - September 30) and ($3,000) 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 2-bedroom homes in London over the last 30 days (October 1 - October 30) stood at 71.8%, down from 72.3% over the previous 30 days (September 1 - September 30) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 26 days when successfully sold over the last 30 days (October 1 - October 30), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with The Realty Firm Inc.
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