357 Southam Dr
Rural Somerville, Kawartha Lakes, K0M 1N0
FOR SALE
$580,000
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Property Description
Discover the perfect blend of tranquility and adventure with this delightful four-season home, ideally located just north of Fenelon Falls on the picturesque Burnt River. This prime location offers direct access to the Trent-Severn Waterway, making it easy to explore Cameron Lake, Sturgeon Lake, and Balsam Lake. Featuring 2 bedrooms and 1 bath, this cozy residence boasts and open-concept living and dining area highlighted by a charming propane fireplace. Enjoy stunning lake views from the inviting three-season sunroom, an ideal spot for relaxation. The property also includes a spacious deck with a gazebo, perfect for outdoor entertaining and appreciating the serene surroundings. Additional amenities include a single car garage, a shed for extra storage, and a bunkie with hydro-ideal for guests or as a private retreat. This home is a unique waterfront opportunity you won't want to miss! Improvements include Updated Septic, Metal Roof new in 2015, Gutter Guards new in 2021 & Riverfront dock/sitting area.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-29 | 2024-08-01 | 64 | $599,000 | - | Terminated |
| 2024-01-22 | 2024-05-28 | 127 | $625,000 | - | Terminated |
Property Features
Cul De Sac, Place Of Worship, Rec Centre, River/Stream, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Acreage
< .50
Fronting
South
Taxes
$2,274 (2023)
Basement
Crawl Space
Exterior
Wood
Heat Type
Other
Heat Source
Propane
Air Conditioning
None
Water
Other
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 9.65' x 8.40' | |
| Kitchen | Main | 13.68' x 12.04' | |
| Prim Bdrm | Main | 9.38' x 16.47' | |
| 2nd Br | Main | 7.71' x 10.50' | |
| Living | Main | 13.91' x 12.40' | Combined W/Dining |
| Sunroom | Main | 23.56' x 7.84' | |
| Office | Main | 9.65' x 15.42' |
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Kawartha Lakes Market Statistics
Kawartha Lakes Price Trend
357 Southam Dr is a 2-bedroom 1-bathroom home listed for sale at $580,000, which is $113,477 (16.4%) lower than the average sold price of $693,477 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 2 bedroom home in Kawartha Lakes increased by $47,727 (7.4%) compared to the previous 30 day period (July 21 - August 19) and up $394,620 (132.0%) from the same time one year ago.Inventory Change
There were 62 2-bedroom homes listed in Kawartha Lakes over the last 30 days (August 20 - September 18), which is up 17.0% compared with the previous 30 day period (July 21 - August 19) and up 77.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Kawartha Lakes typically sold ($17,655) (2.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $11,413 increase compared to the previous 30 day period (July 21 - August 19) and ($7,058) 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 Kawartha Lakes over the last 30 days (August 20 - September 18) stood at 43.5%, down from 49.1% over the previous 30 days (July 21 - August 19) and down from 1,060.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Kawartha Lakes stood at 35 days when successfully sold over the last 30 days (August 20 - September 18), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max All-Stars Realty Inc.
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