57 August Cres
Otterville, Norwich, N0J 1R0
FOR SALE
$1,995,000
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3 + 2
BEDROOMS4
BATHROOMS1
KITCHENS9 + 5
ROOMSX9302273
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Property Description
Welcome to 57 August, This custom-built home stands as a testament to unparalleled craftsmanship and meticulous attention to detail, situated within Otterville's most coveted neighborhood. Sitting on over half an acre lot and featuring a resort-style backyard and a 4 car garage, this thoughtfully built home is a dream come to life! Step into an open-concept design that welcomes you with soaring coffered ceilings and a striking focal point fireplace. Expansive walkout access to the covered patio effortlessly merges indoor and outdoor living. The gourmet kitchen features an oversized island, abundant cabinetry, gleaming quartz countertops, and high end appliances including a built-in oven and cooktop. A convenient coffee station and a dinette with patio access complete this chef's paradise. Adjacent is a separate dining room and main floor office perfect for gatherings and those that work from home. Picture waking up each morning in the primary suite to breathtaking views of the lush grounds, enveloped in the peace afforded by the absence of rear neighbors. The opulent 5pc ensuite is a sanctuary, featuring a double vanity, a spacious spa-like shower, and a standalone tub with picturesque views. The lower level, designed for entertainment, where a fantastic media room invites you to indulge in cinematic bliss. Two additional bedrooms and a 4pc bathroom are competed to perfection and provide ample accommodations for family and guests. An unfinished area offers limitless customization possibilities, perfect for a recreational room and home gym. Step outside to discover your personal private resort, a retreat from the hustle and bustle of work life where you can dine alfresco on the covered porch or lounge by the pool. A spectacular poolside cabana is completed with a fireplace making for a cozy outdoor living space. Your dream home awaits, come experience luxury living, where every detail is designed to elevate your lifestyle.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-21 | 2024-08-30 | 101 | $2,195,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Fronting
North
Taxes
$7,133 (2024)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 7.41' x 12.01' | |
| Living | Main | 19.59' x 25.26' | |
| Kitchen | Main | 11.75' x 25.16' | |
| Dining | Main | 10.66' x 12.93' | |
| Office | Main | 11.68' x 14.76' | |
| Prim Bdrm | Main | 16.34' x 17.26' | |
| Laundry | Main | 6.99' x 7.41' | |
| Br | Main | 11.52' x 14.01' | |
| Br | Main | 11.75' x 14.01' | |
| Media/Ent | Bsmt | 23.59' x 29.82' | |
| Br | Bsmt | 11.68' x 16.40' | |
| Br | Bsmt | 11.58' x 16.34' |
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Norwich Market Statistics
Norwich Price Trend
57 August Cres is a 3-bedroom 4-bathroom home listed for sale at $1,995,000, which is $922,500 (86.0%) higher than the average sold price of $1,072,500 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 3 bedroom home in Norwich increased by $532,500 (98.6%) compared to the previous 30 day period (July 21 - August 19) and up $604,500 (129.2%) from the same time one year ago.Inventory Change
There were 6 3-bedroom homes listed in Norwich over the last 30 days (August 20 - September 18), which is up 200.0% compared with the previous 30 day period (July 21 - August 19) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Norwich typically sold $25,050 (2.3%) above asking price over the last 30 days (August 20 - September 18), which represents a $42,500 increase compared to the previous 30 day period (July 21 - August 19) and ($7,000) 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 Norwich over the last 30 days (August 20 - September 18) stood at 33.3%, down from 100.0% over the previous 30 days (July 21 - August 19) and down from 50.0% 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 Norwich stood at 8 days when successfully sold over the last 30 days (August 20 - September 18), compared to 91 days before being removed from the market upon being suspended or terminated.Listing contracted with The Agency
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