88 Sumac Lane
Tweed, K0K 3J0
FOR SALE
$699,900
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS6 + 3
ROOMSX10408476
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Property Description
This beautifully updated 4-season waterfront home on Stoco Lake offers the perfect blend of modern comfort and natural beauty. Over the past 10 years, the property has been completely renovated, including a new septic and weeping bed. With eastern exposure, you will enjoy breathtaking sunrises from the comfort of your home. The walkout basement boasts an incredible games room, perfect for entertaining. Outside the gentle slope leads to the water, with a depth of 5 feet at the end of the dock, ideal for swimming or boating. Located in a peaceful neighborhood, the Trans Canada Trail is nearby, providing endless opportunities for outdoor activities, and the town is just a 5-minute drive away.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-02 | 2024-11-04 | 33 | $689,900 | - | Terminated |
Property Features
Lake/Pond, Library, Park, Place Of Worship, Rec Centre, School
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Property Details
Street
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
700-1100
Lot Size
80' x 246'
Acreage
< .50
Fronting
East
Taxes
$2,628 (2024)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
6
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 13.85' x 18.18' | |
| Dining | Main | 9.42' x 11.81' | |
| Living | Main | 17.42' x 9.42' | |
| Br | Main | 10.33' x 10.50' | |
| Br | Main | 6.56' x 12.43' | |
| Bathroom | Main | 8.89' x 11.25' | |
| Br | Bsmt | 10.60' x 10.01' | |
| Rec | Bsmt | 28.08' x 21.33' | |
| Bathroom | Bsmt | 4.92' x 7.68' | Combined W/Laundry |
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Tweed Market Statistics
Tweed Price Trend
88 Sumac Lane is a 2-bedroom 2-bathroom home listed for sale at $699,900, which is $433,400 (162.6%) higher than the average sold price of $266,500 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 2 bedroom home in Tweed increased by $56,500 (26.9%) compared to the previous 30 day period (September 15 - October 14) and down $328,500 (55.2%) from the same time one year ago.Inventory Change
There were 2 2-bedroom homes listed in Tweed over the last 30 days (October 15 - November 13), which is down 33.3% compared with the previous 30 day period (September 15 - October 14) and down 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Tweed typically sold ($14,450) (5.4%) below asking price over the last 30 days (October 15 - November 13), which represents a $25,450 increase compared to the previous 30 day period (September 15 - October 14) and ($4,900) 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 2-bedroom homes in Tweed over the last 30 days (October 15 - November 13) stood at 500.0%, up from 33.3% over the previous 30 days (September 15 - October 14) and up from 25.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Tweed stood at 32 days when successfully sold over the last 30 days (October 15 - November 13), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Proalliance Realty
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