Surrey home sells for almost $1 million more than list price (PHOTOS)
A fairly typical and average-looking home in Surrey was recently sold for well above the average price.
Built in 1979, 6040 172A Street, which resides in the Cloverdale suburb of Surrey, sold for $1,800,000 last month. That’s nearly $1 million more than the list price, which was $899,000 as of October 2019.
Last December, the property was listed at $1,499,000. In less than three years, the price jumped from $899,000 to $1,800,000. According to Zealty, the property was sold on January 23.
Real Estate Works (REW) shows that the most recent assessed value as of 2021 was $1,294,400, still over half a million less than the final sale price.
The fairly spacious two-storey, 43-year-old home boasts 2,040 sq ft and has four bedrooms and three bathrooms.
While the house is quite old, it does feature several upgrades and restorations.
Mike & Bernadine Nielsen
A listing accessible through Mike & Bernadine Nielsen says that the house features a huge 8,660 sq ft lot, with a private backyard surrounded by mature cedars.
The perfect space for some doggos. (Mike & Bernadine Nielsen)
The kitchen features stainless steel appliances and a gas range. The cupboards and floors also look like they’re in pretty good condition. A patio leads out into a massive backyard.
Baby blue (Mike & Bernadine Nielsen)
Some of the bedrooms are an interesting change of pace, adding bright flashes of colour to an otherwise woody aesthetic.
Nothing like the crackle of a warm fireplace. (Mike & Bernadine Nielsen)
This Surrey home also has two fireplaces, one natural gas and one wood-burning.
Pancakes, anybody? (Mike & Bernadine Nielsen)
REW suggests that the median list price for a similar home is $1.5 million.
Cute. (Mike & Bernadine Nielsen)
Despite being off the market now, the numbers highlight just how challenging and expensive it can be to get into a market with high demand and low supply.
In Surrey and the Fraser Valley specifically, new listings have surged to kick off 2022.
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