1003 Otto Dr

Cobourg, Cobourg, K9A 5Y3
FOR SALE
$830,000
1003 Otto Dr, Cobourg
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3 + 2
BEDROOMS
3
BATHROOMS
1
KITCHENS
8 + 7
ROOMS
X9294733
MLSID
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Property Description
This Exquisitely Appointed Executive 3+2 Bedroom, 3 Full Bathroom Brick Bungalow Is Located In A Prestigious Cobourg Neighborhood, Just Minutes From Highway 401, Schools, And Local Amenities. The Expansive Split-Level Entry Opens To An Inviting Open-Concept Living Area Featuring A Large Kitchen With Quartz Countertops, A Herringbone Tile Backsplash, And A Living Room With Hardwood Floors That Leads To A Back DeckIdeal For Both Family And Multi-Generational Living. The Kitchen And Two Main-Floor Bathrooms Were Renovated In 2021, And The Fridge, Stove, And Dishwasher Are Only Three Years Old. The Primary Bedroom Offers A Generous Walk-In Closet, Garden Views, And A 4-Piece Ensuite. The Fully Finished Lower Level Includes 2 Additional Large Bedrooms, An Oversized Recreation/Games Room, A Fireplace, A 4-Piece Bathroom, Storage, And A Utility Area, Plus A Sizable Laundry Closet. Additional Features Include Central Air, Central Vac, And A Double Car Garage With Inside Entry. Nestled In One Of Cobourg's Most Sought-After Communities, This Classic Bungalow Is A Must-See!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-28 2024-09-04 68 $860,000 - Terminated
Extras
Brand New Fence Installed In The Backyard, Offering Added Privacy & Security.Close to St. Mary High School, within walking distance to a grocery store, and nestled in a neighborhood with wonderful neighbors!
Property Details
Street
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
51' x 112'
Lot Irregularities
50.44 X Irreg.
Fronting
West
Taxes
$4,918 (2023)
Basement
Finished
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
BathroomMain11.91' x 24.34'Hardwood Floor, Window, Open Concept
BathroomBsmt4.99' x 14.04'Hardwood Floor, Walk-Out, Centre Island
BrMain13.71' x 13.29'W/I Closet, 4 Pc Ensuite, Large Window
2nd BrMain12.40' x 11.52'Hardwood Floor, Closet, Window
3rd BrBsmt10.24' x 12.01'Hardwood Floor, Closet, Window
4th BrBsmt10.96' x 12.70'
5th BrMain9.84' x 11.29'
LivingMain8.99' x 15.03'
FamilyBsmt24.02' x 19.00'
Cobourg Market Statistics
Cobourg Price Trend
1003 Otto Dr is a 3-bedroom 3-bathroom home listed for sale at $830,000, which is $130,000 (18.6%) higher than the average sold price of $700,000 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom home in Cobourg declined by $0 (0.0%) compared to the previous 30 day period (July 17 - August 15) and down $33,450 (4.6%) from the same time one year ago.
Inventory Change
There were 30 3-bedroom homes listed in Cobourg over the last 30 days (August 16 - September 14), which is up 30.4% compared with the previous 30 day period (July 17 - August 15) and up 76.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Cobourg typically sold ($29,900) (4.3%) below asking price over the last 30 days (August 16 - September 14), which represents a $15,000 decrease compared to the previous 30 day period (July 17 - August 15) and ($255) 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 3-bedroom homes in Cobourg over the last 30 days (August 16 - September 14) stood at 66.7%, up from 65.2% over the previous 30 days (July 17 - August 15) and down from 588.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Cobourg stood at 25 days when successfully sold over the last 30 days (August 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Advantage Realty
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