7242 Grande River Line

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7242 Grande River Line, Chatham-Kent
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3 + 2
BEDROOMS
4
BATHROOMS
1
KITCHENS
11 + 4
ROOMS
X8283384
MLSID
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Property Description
Consider this gorgeous (2013) custom built 3000+ sq ft bungalow/ranch home on a 1.14 acre lot, located on the coveted Grande River Line and backing onto the Thames river, This is an extremely well built gem featuring a spacious semi-open concept design, a separate master bedroom wing with an ensuite to die for, a gourmet kitchen that shares a 2-way fireplace with the great room, and so much more! Loads of natural light/windows and tall ceilings throughout, large principal rooms, 3+2 bedrooms, 3.5 bathrooms, a beautiful formal dining area, and a huge rec room in basement with potential for more living space and separate entrance if desired. Outside is nicely landscaped, and features a circular concrete drive, a covered stone patio with incredible view of the river, and the riverfront firepit area you are sure to enjoy. Also note the 2-car attached garage is insulated and heated. Consider this one a must-see to appreciate!
Property Details
Community
Property Type
Detached, Bungalow
Acreage
.50-1.99
Lot Irregularities
495.26Ftx143.58 Ft X 439.44 Ftx86.37 (Ri
Fronting
North
Taxes
$9,480 (2023)
Basement
Full
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Other
Garage Type
Attached
Chatham-Kent Market Statistics
Chatham-Kent Price Trend
7242 Grande River Line is a 3-bedroom 4-bathroom home listed for sale at $1,249,900, which is $809,912 (184.1%) higher than the average sold price of $439,988 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Chatham-Kent declined by $43,092 (8.9%) compared to the previous 30 day period (March 15 - April 13) and up $177,488 (67.6%) from the same time one year ago.
Inventory Change
There were 15 3-bedroom homes listed in Chatham-Kent over the last 30 days (April 14 - May 13), which is up 400.0% compared with the previous 30 day period (March 15 - April 13) and up 50.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Chatham-Kent typically sold ($13,911) (3.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $3,271 decrease compared to the previous 30 day period (March 15 - April 13) and ($24,949) 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 3-bedroom homes in Chatham-Kent over the last 30 days (April 14 - May 13) stood at 60.0%, down from 166.7% over the previous 30 days (March 15 - April 13) and up from 20.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Chatham-Kent stood at 18 days when successfully sold over the last 30 days (April 14 - May 13), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp., Brokerage
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Consider this gorgeous (2013) custom built 3000+ sq ft bungalow/ranch home on a 1.14 acre lot, located on the coveted Grande River Line and backing onto the Thames river, This is an extremely well built gem featuring a spacious semi-open concept design, a separate master bedroom wing with an ensuite to die for, a gourmet kitchen that shares a 2-way fireplace with the great room, and so much more! Loads of natural light/windows and tall ceilings throughout, large principal rooms, 3+2 bedrooms, 3.5 bathrooms, a beautiful formal dining area, and a huge rec room in basement with potential for more living space and separate entrance if desired. Outside is nicely landscaped, and features a circular concrete drive, a covered stone patio with incredible view of the river, and the riverfront firepit area you are sure to enjoy. Also note the 2-car attached garage is insulated and heated. Consider this one a must-see to appreciate!
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