7288 Rama Rd

Orillia, Orillia, L0K 2B0
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7288 Rama Rd, Orillia
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3 + 2
BEDROOMS
3
BATHROOMS
1
KITCHENS
13
ROOMS
S5666865
MLSID
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Property Description
Picturesque 1.6-Acre Lot With A Custom-Built Bungalow Offering 5 Bedrooms, 3 Bathrooms, Bonus Loft, And Ample Parking. Backing Onto A Lush Protected Forest, The Backyard Is A Stunning Oasis. The Fully Finished Basement With A Separate Entrance Is Perfect For An In-Law, Has Oversized Windows And Offers 2 Bedrooms, A 3-Piece Bathroom, Laundry Room, And An Abundance Of Functional Space And Storage. From The Dining Room And Lower Level, Exit Onto Two Expansive Decks Overlooking The Stunning Property Which Features A Show Stopping 20X40 Ft Inground Salt Water Pool (8.5Ft Deep End), With Custom Built Stone Waterfall, Low Maintenance Gardens, And Interlocking Stone Surround. A Hot Tub, Designated Fire Pit Area With Flagstone Base, And A Large Chicken Coop For Fresh Eggs Daily! A Pad Has Been Poured And A Permit Has Been Obtained To Build A Poolside Cabana! The Privacy Fence And Natural Tree-Line Create A Peaceful Sanctuary To Retreat To At The End Of The Day.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-09-12 2022-10-21 39 $999,999 $975,000 Sold
2022-06-02 2022-06-20 18 $999,900 - Terminated
Extras
Built-In Microwave, Central Vac, Dishwasher, Dryer, Garage Door Opener, Pool Equipment, Refrigerator, Stove, Washer, Window Coverings. Exclusions: Electric Fireplaces X2, Basement Fridge, Basement Freezer.
Property Features
Beach, Wooded/Treed
Property Details
Street
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
271' x 388'
Fronting
West
Taxes
$3,222 (2021)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
Central Air
Water
Well
Pool
Inground
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain14.57' x 9.84'
DiningMain14.57' x 10.50'
LivingMain19.49' x 13.48'
Prim BdrmMain15.58' x 10.99'
2nd BrMain10.50' x 10.66'
3rd BrMain11.58' x 12.01'
LoftUpper20.67' x 11.42'
RecBsmt13.16' x 24.51'
4th BrBsmt9.09' x 10.93'
5th BrBsmt13.25' x 16.57'
Orillia Market Statistics
Orillia Price Trend
7288 Rama Rd is a 3-bedroom 3-bathroom home listed for sale at $999,999, which is $368,749 (58.4%) higher than the average sold price of $631,250 in the last 30 days (March 24 - April 22). During the last 30 days the average sold price for a 3 bedroom home in Orillia declined by $60,194 (8.7%) compared to the previous 30 day period (February 23 - March 23) and down $365 (0.1%) from the same time one year ago.
Inventory Change
There were 26 3-bedroom homes listed in Orillia over the last 30 days (March 24 - April 22), which is up 4.0% compared with the previous 30 day period (February 23 - March 23) and down 0.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Orillia typically sold ($11,650) (1.8%) below asking price over the last 30 days (March 24 - April 22), which represents a $3,366 increase compared to the previous 30 day period (February 23 - March 23) and ($22,215) 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 3-bedroom homes in Orillia over the last 30 days (March 24 - April 22) stood at 84.6%, up from 72.0% over the previous 30 days (February 23 - March 23) and up 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 Orillia stood at 30 days when successfully sold over the last 30 days (March 24 - April 22), compared to 73 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 B.J. Roth Realty Ltd., Brokerage
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