7448 Merritt Ave

Niagara Falls, L2G 5C5
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7448 Merritt Ave, Niagara Falls
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5 + 3
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
9 + 9
ROOMS
X5396849
MLSID
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Property Description
Lovely Backsplit Detached Home Located In A Quiet Neighborhood Of Niagara Falls, Featured With 8 Bedrooms, 3 Kitchens Etc. Local Amenities Just Minutes Away From This Home. Falls View Only A Short Drive Away!
Property Details
Property Type
Detached, Sidesplit 3
Lot Size
60' x 130'
Fronting
East
Taxes
$3,888 (2021)
Basement
Apartment, Fin W/O
Exterior
Alum Siding, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain11.84' x 12.66'
LivingMain20.51' x 12.17'
BrMain11.91' x 12.24'
BrMain11.91' x 9.68'
BathroomMain6.17' x 8.17'3 Pc Bath
DenMain13.91' x 13.16'
BathroomMain6.17' x 13.16'3 Pc Bath, Skylight
KitchenBsmt27.17' x 7.15'
BrBsmt11.52' x 12.17'
BathroomBsmt5.15' x 6.17'3 Pc Bath
BrMain10.83' x 13.25'
BrMain17.85' x 11.15'
Niagara Falls Market Statistics
Niagara Falls Price Trend
7448 Merritt Ave is a 5-bedroom 3-bathroom home listed for sale at $690,000, which is $146,667 (27.0%) higher than the average sold price of $543,333 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls declined by $56,567 (9.4%) compared to the previous 30 day period (February 25 - March 25) and down $666,667 (55.1%) from the same time one year ago.
Inventory Change
There were 7 5-bedroom homes listed in Niagara Falls over the last 30 days (March 26 - April 24), which is down 22.2% compared with the previous 30 day period (February 25 - March 25) and up 75.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold ($16,332) (3.0%) below asking price over the last 30 days (March 26 - April 24), which represents a $16,332 decrease compared to the previous 30 day period (February 25 - March 25) and ($89,000) 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 5-bedroom homes in Niagara Falls over the last 30 days (March 26 - April 24) stood at 42.9%, up from 11.1% over the previous 30 days (February 25 - March 25) and up from 25.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Niagara Falls stood at 19 days when successfully sold over the last 30 days (March 26 - April 24), compared to 42 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Dynamics Realty, Brokerage
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