335 Rainbow Dr
FOR SALE
$487,500
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2
BEDROOMS1
BATHROOMS1
KITCHENS6
ROOMSX8265856
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Property Description
Welcome to this quaint, 2 bedroom, 1 bath 3 season cottage, perched on the shores of the beautiful Otonabee River, approx. 1 km to Rice Lake and giving you access to the Trent Severn Waterways.. Enjoy swimming, boating, fishing, bird watching and relaxing on the L shaped 20' x 12' deck.. Situated on a private year round road (annual maintenance fee of $100.00 subject to change). Wood burning stove to keep things cozy in the cooler months. Located approx. 20 minutes to Peterborough and a short drive to the fabulous Rolling Grape Vineyard and hamlet of Bailieboro.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-07-31 | 2023-10-30 | 91 | $549,000 | - | Expired |
| 2015-08-12 | 2015-08-21 | 9 | $225,000 | $218,000 | Sold |
| 2010-05-06 | 2010-10-01 | 149 | $184,000 | $177,500 | Sold |
| 2003-08-05 | 2003-09-05 | 31 | $119,000 | $117,000 | Sold |
Extras
T/W R700921 except Pt. 6 39R 1170; Otonabee - South Monaghan
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Property Details
Street
Community
Property Type
Cottage, Bungalow
Lot Size
57' x 100'
Acreage
< .50
Lot Irregularities
+/-
Fronting
East
Taxes
$2,940 (2023)
Basement
Crawl Space
Exterior
Other
Heat Type
Other
Heat Source
Wood
Air Conditioning
None
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.60' x 9.58' | |
| Dining | Main | 9.58' x 10.99' | |
| Living | Main | 10.99' x 13.98' | |
| Sunroom | Main | 12.99' x 11.98' | |
| Br | Main | 8.04' x 8.07' | |
| Br | Main | 8.04' x 8.04' |
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Otonabee-South Monaghan Market Statistics
Otonabee-South Monaghan Price Trend
335 Rainbow Dr is a 2-bedroom 1-bathroom home listed for sale at $487,500, which is $212,500 (30.4%) lower than the average sold price of $700,000 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 2 bedroom home in Otonabee-South Monaghan increased by $45,000 (6.9%) compared to the previous 30 day period (March 5 - April 3) and down $512,450 (42.3%) from the same time one year ago.Inventory Change
There were 2 2-bedroom homes listed in Otonabee-South Monaghan over the last 30 days (April 4 - May 3), which is down 50.0% compared with the previous 30 day period (March 5 - April 3) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Otonabee-South Monaghan typically sold $100 (0.0%) above asking price over the last 30 days (April 4 - May 3), which represents a $10,000 decrease compared to the previous 30 day period (March 5 - April 3) and ($87,000) 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 2-bedroom homes in Otonabee-South Monaghan over the last 30 days (April 4 - May 3) stood at 100.0%, up from 25.0% over the previous 30 days (March 5 - April 3) and down from ∞ 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 Otonabee-South Monaghan stood at 18 days when successfully sold over the last 30 days (April 4 - May 3), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Proalliance Realty
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