3840 TERRACE Lane

FOR SALE
$899,900
3840 TERRACE Lane, Fort Erie
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
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3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
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3840 TERRACE Lane
3840 TERRACE Lane
3840 TERRACE Lane
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3840 TERRACE Lane
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
9
ROOMS
X11961852
MLSID
Contact Us
Property Description
Nestled along the shores of Lake Erie, this lakeview home offers a prime location with spectacular views of the water. Situated directly across from the lake, this waterfront two storey property boasts three bedrooms, making it an ideal retreat for those seeking both relaxation and convenience. The main floor welcomes you with an enclosed front porch, providing a cozy spot to enjoy year-round views of the lake from every window. The eat-in kitchen features patio doors leading to a side porch, perfect for soaking in the lakefront ambiance. The main floor also includes a family room with vaulted ceilings, looking out into the back yard. Convenience is key with a main floor laundry room and 1.5 baths, ensuring practicality for everyday living. Whether you're looking for a year-round home or vacation getaway, this home offers versatility. Outside, you'll find yourself in a vibrant community with shops, restaurants, a boat launch, and a nearby park within easy reach. Additionally, the home is conveniently located near locally owned shops and restaurants, and downtown Ridgeway. Come and see all this property has to offer and inquire today!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-14 2023-10-31 70 $1,200,000 - Expired
2023-08-14 2023-10-31 70 $1,200,000 - Expired
2024-07-15 2024-10-31 108 $949,900 - Expired
2024-07-15 2024-10-31 108 $949,900 - Expired
2024-03-28 2024-06-30 94 $989,900 - Expired
Property Features
Fenced Yard, Golf
Property Details
Property Type
Detached, 2-Storey
Lot Size
50' x 100'
Acreage
< .50
Fronting
South
Taxes
$3,948 (2024)
Basement
Crawl Space, Unfinished
Exterior
Vinyl Siding, Wood
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Driveway
Available
Garage Type
None
Room Summary
RoomLevelSizeFeatures
SunroomMain8.76' x 19.49'
LivingMain12.40' x 19.49'
OtherMain12.76' x 15.91'
FamilyMain12.83' x 19.49'
Prim Bdrm2nd7.58' x 13.68'
Br2nd7.84' x 13.58'
Br2nd8.17' x 11.84'
Fort Erie Market Statistics
Fort Erie Price Trend
3840 TERRACE Lane is a 3-bedroom 2-bathroom home listed for sale at $899,900, which is $415,259 (85.7%) higher than the average sold price of $484,641 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in Fort Erie declined by $45,879 (8.6%) compared to the previous 30 day period (November 19 - December 18) and down $75,359 (13.5%) from the same time one year ago.
Inventory Change
There were 44 3-bedroom homes listed in Fort Erie over the last 30 days (December 19 - January 17), which is up 388.9% compared with the previous 30 day period (November 19 - December 18) and up 300.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Fort Erie typically sold ($12,254) (2.5%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,546 increase compared to the previous 30 day period (November 19 - December 18) and ($15,000) 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 Fort Erie over the last 30 days (December 19 - January 17) stood at 240.9%, down from 811.1% over the previous 30 days (November 19 - December 18) and up from 81.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Fort Erie stood at 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 112 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Nrc Realty
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