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            Comparative Market Analysis for MLS# N4995872

            $7,700 Cashback
            1+1br 1ba 600-699sf

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            Learn more about this property:
            MLS# N4995872 Listing Details
            Among all comparable properties sold in condo located at 277 South Park Road in Commerce Valley in Markham from Jan 2017 to Nov 2020, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:


            Maximum Price Adjusted was:


            AIDA's ESTIMATE (based on 15 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:


            Which makes the Asking Price ($515,000) less than AIDA's Appraised Value by:


            Or, in percentage equivalent, by:


            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.


            AIDA found 15 comparable properties sold in condo located at 277 South Park Road in Commerce Valley in Markham from Jan 2017 to Nov 2020

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2017-03-14***1220277 South Park RdN600-6991+0 • 11.0$296$1,878$439,10053.56%***
            2017-04-26***1112277 South Park RdS600-6991+1 • 11.0$307$2,043$455,00044.78%***
            2017-05-05***911277 South Park RdS600-6991+1 • 11.0$307$2,043$450,80035.17%***
            2017-06-15***710277 South Park RdS600-6991+1 • 11.0$310$2,100$415,00027.4%***
            2017-06-22***112277 Southpark RdS600-6991+1 • 11.0$302$1,887$350,00027.4%***
            2017-06-22***301277 South Park RdN600-6991+1 • 11.0$305$2,035$406,00027.4%***
            2017-09-28***1109277 South Park RdS600-6991+1 • 11.0$323$2,054$419,50034.57%***
            2017-12-11***212277 South Park RdS600-6991+1 • 11.0$323$2,054$412,00024.67%***
            2017-12-12***315277 South Park RdS600-6991+1 • 11.0$323$2,059$418,00024.67%***
            2018-04-04***1001277 South Park RdN600-6991+1 • 11.0$305$2,046$440,80022.59%***
            2018-06-13***611277 South Park RdS600-6991+1 • 11.0$323$2,006$447,00023.47%***
            2018-09-21***210277 South Park RdS600-6991+1 • 11.0$323$2,021$410,00022.26%***
            2018-11-09***Rg8277 South Park RdS600-6991+1 • 11.0$338$1,992$445,00021.3%***
            2018-11-19***112277 South Park RdS600-6991+1 • 11.0$333$1,820$442,00021.3%***
            2019-04-01***912277 South Park RdS600-6991+1 • 11.0$338$1,974$469,90020.52%***

            Commerce Valley, Markham Sales History More

            Commerce Valley, Markham: Overall Sales Statistics for Condos
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            Neighborhood Sales Statistics
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            Neighborhood Rent Statistics
            Commerce Valley, Markham: Detailed Sales & Rent Statistics for Condos
            Listing Overview


            601 277 South Park Road is a condo apt apartment, located in Commerce Valley of city of Markham, York region, near Hwy 7/Leslie, and has been available for sale on ITRealty since 2020-11-21. This unit is located at level 5 of the building and has North exposure of South Park Rd. Condo registry office is YRSC, corporation number 1239.

            Lot Size and Living Area:

            601 277 South Park Road has 5+0 rooms in total, including 1+1 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 600-699 square feet.
            1.0 parking space(s) are owned and located undergrnd at level P3 . The locker is owned. An ensuite laundry is available at the unit.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Park, Public Transit at, or near the property.
            AIDA has also found the following features: Open Concept, Motivated Seller Indications, Swimming Pool, AIDA Recommended, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

            Price & Cost Overview


            601 277 South Park Road condo apt is listed for $515,000. Property tax for year 2020 was $1,929. And the monthly maintenance fee was $354.

            Comparative Market Analysis:

            There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $551,288.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $1,932, and total expenses, including the mortgage, property tax and maintenance, fee around $2,122, assuming $515,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 601 277 South Park Road, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Buyer Cashback:

            You may be eligible for a Buyer Cashback up to $7,700 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Overview


            Commerce Valley, where 277 South Park Road is located, has $601,011 Home Price Index, and $2,199 Home Rent Index. Average household income at dissemination area of 277 South Park Road is $50,995, and average polulation age is 43 years old.
            Average Home Price Index among 32 evaluated neighborhoods in city of Markham is $1,128,418, and average Home Rent Index $2,503.

            Similar Properties & Community Details:

            There are similar to 601 277 South Park Road 1 bedr condo apt condos listed For Sale and For Rent in city of Markham.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 277 South Park Road.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Commerce Valley neighborhood in city of Markham.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 46, 46, and 64 accordingly, location of 277 South Park Road overall can be described as Car-Dependent, Some Transit, and Bikeable.

            601 277 South Park Road Listings History Powered By AIDA
            Commerce Valley, Markham Sales & Rent History Powered by AIDA

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Markham Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (75 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes sell?
            You may expect 9 to 11 properties like that to be sold in Commerce Valley during the next 30 days.
            Seasonal sales fluctuation is showing 18% inventory increase comparing to the average annual number, which is equvalent to 8.5 properties sold per month, and -2% decline comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 11 days, which is 9 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
            Seasonal sales fluctuation is showing 5% D.O.M. increase comparing to the average annual number, which is equvalent to 18 D.O.M., and -3% decrease comparing to the last six months indicating slightly growing demand for this type of properties within this price range.
            At what price can it be sold?
            Similar properties currently sell very close to its asking price in Commerce Valley.
            The selling to asking price ratio is declining in Commerce Valley.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS N4995872 Comparative Market Analysis

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