708 PALACE Road, Greater Napanee, ON

$842,500
MLS#:X9420057
5 beds
4 baths
3000-3500 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 18, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 58 - Greater Napanee. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $842,500 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms
  • Generous living space spanning 3000-3500 sqft on a premium 87.43 x 259.23 ft lot
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This stunning, all-brick two-storey home offers a perfect blend of elegance, functionality, and natural beauty, highlighted by its picturesque location. As you approach the home, a newly installed stone walkway (23) invites you to the grand entrance. Upon entering, you'll be greeted by a welcoming foyer that sets the tone for the luxurious finishes found throughout the main level, such as decorative columns and crown molding, complemented by walnut hardwood and ceramic flooring. To the right, a cozy living room awaits, while to the left, a formal dining room offers a sophisticated space for entertaining. The eat-in kitchen is a culinary dream, featuring built-in appliances, plentiful cabinetry, and a built-in buffet. Adjacent to the kitchen is the sunlit family room, which provides access to the beautifully landscaped rear yard, featuring a spacious stone patio and pergola (19), perfect for outdoor relaxation and entertaining. Ascending the wooden staircase, the upper level reveals a generously sized primary bedroom, which includes a 4pc ensuite bathroom with a jacuzzi tub accessible through a substantial walk-in closet. Four additional bedrooms offer ample space for family or guests, with two sharing a convenient Jack & Jill 4pc bath, alongside an extra 4pc bath and an upper level laundry room. The partially finished basement adds valuable living space, featuring a rec room, abundant storage with cold storage options, and roughed-in plumbing for an additional bath. A walk-up access provides easy entry to the attached double car garage, which boasts newer garage doors (14). Further updates and features include a central vacuum system, HRV unit, radon mitigation system (22), built-in shutters for the main floor and primary bedroom windows (20), and a newly graveled and regraded driveway (19). This exceptional property offers the best of both worlds: the convenience of city services within a serene country setting, making it a truly remarkable place to call home.

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Property Summary

This detached home located at 708 PALACE Road, Greater Napanee is currently for sale and has been available on SousaSells for 641 days. This property is listed at $842,500 with an estimated mortgage of $2,804* per month. It has 5 beds, 4 bathrooms, and is 3000-3500 square feet. 708 PALACE Road, Greater Napanee is in the 58 - Greater Napanee neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 18, 2024
Sold price information is available to members only
Listed Date10/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementPartially Finished, Full
Lot Size87.43 × 259.23 Feet
CountyLennox & Addington
Annual Tax$6,280.48
Legal DescriptionPT LT 23 CON 7 FREDERICKSBURGH PT 2 29R6410; GREATER NAPANEE (As per Geowarehouse)

Parking & Garage

Parking Total10.0
Parking Space8
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Hospital

Interior Features

Central Vacuum

Security Features

Community Features

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Location

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708 PALACE Road, Greater Napanee, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 708 PALACE Road, Greater Napanee, ON K7R 1A7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Greater Napanee.

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Interest Rate4.00%
Down Payment$252,750 (30.0%)
* Minimum Canadian down payment required for this price is $59,250.
Amortization Period30 Years
Estimated Monthly Payment$2,804Based on a loan of $589,750 over 30 years.
Purchase Price$842,500
Loan Amount$589,750
Provincial Land Transfer Tax:$13,325
Total Estimated Closing Taxes:$13,325

About Purchasing a Home in Greater Napanee, ON

For a property listed at $842,500 in Greater Napanee, the legal minimum down payment is $59,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,325 for this transaction. As this listing is in Greater Napanee (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,325.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 58 - Greater Napanee, Greater Napanee.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$635,319

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.