LOT 163 HOBBS Dr

South I, London, N6M 0J8
FOR SALE
$999,000
LOT 163 HOBBS Dr, London
LOT 163 HOBBS Dr
LOT 163 HOBBS Dr
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4
BEDROOMS
3
BATHROOMS
1
KITCHENS
8
ROOMS
X9010114
MLSID
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Property Description
TO BE BUILT- Now Selling Phase-1.Discover our beautifully designed 4- bedroom and 5 bedroom homes with stunning exteriors and spacious open concept layouts in coveted Jackson Meadows! Build your home, Your way. Modern or Traditional Elevations. Finished floor area 2,729 sq.ft. incl. bonus finished rec room, 3 Pc bath in bsmt with separate entrance .Optional: 2 Master Ensuite. Live upstairs & rent bsmt to offset your mortgage. Custom Options available: DUPLEX with 2 Hydro meters, 2 water meters, each unit with own furnace, heat pump. Perfect choice for the family and investors seeking convenience and comfort. Superior, quality construction that goes Above & Beyond the standard building code: - 9 inch thick foundation walls (code is 7 inches)- 8-9 feet tall basement ceilings (code is 7.8 feet)- 8 inch thick gravel under basement slab for enhanced drainage (code is 6 inches) -56 inch basement windows. Great location for family living in the south end of London. Site's close proximity to the 401 means shortened commutes to nearby cities like Woodstock, Kitchener, Hamilton and Chatham. Close to elementary and french immersion schools. Nearby nature trails, parks, green spaces. An assignment clause may be offered at the builder's discretion.Bonus $ 7500 Decor dollars. Closings Feb 2025- Dec 2025 with flexible payment plans.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-12 2023-09-11 61 $904,000 - Expired
2023-05-15 2023-07-10 56 $989,500 - Terminated
2023-03-21 2023-05-15 55 $871,600 - Terminated
2023-06-09 2023-08-18 95 $989,500 - Expired
Property Features
School Bus Route
Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
34' x 109'
Fronting
West
Basement
Finished, Full
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Br2nd13.09' x 11.58'3 Pc Ensuite
2nd Br2nd10.07' x 10.89'
3rd Br2nd11.78' x 12.17'
4th Br2nd11.98' x 9.88'
Bathroom2nd6.56' x 7.97'
DiningMain9.68' x 11.98'
KitchenMain8.07' x 11.09'
LivingMain12.07' x 12.60'
Bathroom2nd5.91' x 7.87'3 Pc Bath
London Market Statistics
London Price Trend
LOT 163 HOBBS Dr is a 4-bedroom 3-bathroom home listed for sale at $999,000, which is $70,090 (7.5%) higher than the average sold price of $928,910 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in London increased by $43,750 (4.9%) compared to the previous 30 day period (July 20 - August 18) and up $96,910 (11.6%) from the same time one year ago.
Inventory Change
There were 145 4-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 25.0% compared with the previous 30 day period (July 20 - August 18) and up 559.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($40,513) (4.4%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,612 decrease compared to the previous 30 day period (July 20 - August 18) and ($30,444) 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 (August 19 - September 17) stood at 47.6%, down from 58.6% over the previous 30 days (July 20 - August 18) and up from 36.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 38 days when successfully sold over the last 30 days (August 19 - September 17), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Supermax Realty Inc.
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