85 Cedar Lane

FOR SALE
$1,249,000
85 Cedar Lane, Prince Edward County
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
85 Cedar Lane
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85 Cedar Lane
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85 Cedar Lane
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85 Cedar Lane
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85 Cedar Lane
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
12
ROOMS
X8088934
MLSID
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Property Description
A spectacular custom-build by Hickory Homes! Feel the difference with high-end finishes & luxurious consideration throughout. Boasting cathedral ceilings & breathtaking water views, the open concept main floor offers an abundance of space for entertaining guests & comfortable family living. Adorned with a contemporary 'Stuv' fireplace, this sun-filled space is sure to please. A spacious kitchen with expansive cabinetry is complete with a 9' solid quartz island & premium appliances. The primary bedroom with WIC and 5pc ensuite spa is further elevated by a private walk-out deck. The main floor is complete with a second bedroom suite, adjacent 4pc bath, practical and aesthetic laundry room & home office. Lower level offers a generous family room, 3rd bdrm, 4pc bath & ample storage space. Sitting on over 2 acres, and just minutes into historic Picton, Lake on the Mountain, renowned beaches and wineries. Come enjoy all that PEC has to offer!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-08 2023-09-30 84 $1,349,000 - Expired
2023-10-03 2023-12-31 90 $1,295,000 - Expired
2023-07-08 2023-09-30 84 $1,349,000 - Expired
Extras
Tarion New Home Warranty! Sellers plan to offer a sliding door from kitchen to an intended new deck at rear of the home for additional exterior living space.
Property Features
Cul De Sac, Golf, Lake/Pond, Marina
Property Details
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
108' x 618'
Acreage
2-4.99
Fronting
South
Basement
Part Fin
Exterior
Metal/Side
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain13.55' x 17.16'
DiningMain11.32' x 9.91'
LivingMain13.52' x 16.67'
Prim BdrmMain16.54' x 16.57'W/O To Patio, W/I Closet
BathroomMain12.50' x 9.28'5 Pc Ensuite
2nd BrMain10.79' x 11.19'
BathroomMain5.22' x 9.58'4 Pc Bath
LaundryMain8.04' x 10.86'
OfficeMain6.92' x 4.92'
RecLower29.43' x 13.02'
3rd BrLower10.83' x 12.01'
BathroomLower5.71' x 12.01'3 Pc Bath
Prince Edward County Market Statistics
Prince Edward County Price Trend
85 Cedar Lane is a 3-bedroom 3-bathroom home listed for sale at $1,249,000, which is $546,695 (77.8%) higher than the average sold price of $702,305 in the last 30 days (April 13 - May 12). During the last 30 days the average sold price for a 3 bedroom home in Prince Edward County increased by $30,572 (4.6%) compared to the previous 30 day period (March 14 - April 12) and down $55,035 (7.3%) from the same time one year ago.
Inventory Change
There were 56 3-bedroom homes listed in Prince Edward County over the last 30 days (April 13 - May 12), which is up 30.2% compared with the previous 30 day period (March 14 - April 12) and up 180.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Prince Edward County typically sold ($25,138) (3.6%) below asking price over the last 30 days (April 13 - May 12), which represents a $11,985 decrease compared to the previous 30 day period (March 14 - April 12) and ($4,980) 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 Prince Edward County over the last 30 days (April 13 - May 12) stood at 32.1%, down from 34.9% over the previous 30 days (March 14 - April 12) 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 3-bathroom home in Prince Edward County stood at 45 days when successfully sold over the last 30 days (April 13 - May 12), compared to 62 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Energy Real Estate
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