NOT LISTED FOR SALE

Estimated Value: $1,806,000 - $1,942,064

5 Beds
7 Baths
9,431 Sq Ft
$199/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $1,225,000 $130 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $11,427/month

About This Home

122 Spring Tree Drive is a beautiful, custom built stone manor home located on a cul-de-sac in the enclave of Springton Reserve. The premium 2.15 acre lot adds privacy while maintaining the convenience of living in a neighborhood. Enter the airy 2-story foyer with crystal chandelier, moldings and wainscoting. The entire first floor in adorned with gleaming hardwood floors. To the right is the spacious Living Room with gas fireplace and walls of windows on three sides, bathing the room in natural light. Flow into the formal Dining Room with tray ceiling, wainscoting and medallion. The Gourmet Kitchen is the heart of this home. Beautiful light cabinets with dentil detail and granite countertops, large island, professional Wolf cook top, commercial-grade built-in refrigerator, wine fridge and walk-in pantry. Open to the kitchen is the breakfast room and expansive family room with gas fireplace and vaulted ceiling with palladium window. A slider brings you to a maintenance free deck, perfect for BBQs or enjoying your morning coffee. A study/office, mudroom, two half baths and an attached 3 car garage complete this floor. The second level includes a master suite with his and hers walk in closets with built-in closet system, and luxurious master bath with dual sinks, whirlpool tub and large shower. There are 2 en-suite bedrooms & bathrooms and two bedrooms that share a jack-and-jill bathroom.The walk-out lower level is entertaining heaven with a large open space for various recreational activities: ping pong, video games or hanging with friends.(plumbed for a wet bar) There is a separate media room to watch your favorite movie or sporting event. Great Marple Newtown Schools and close to many private schools, like Episc Academy. Conveniently located near the shops and restaurants of Newtown square and Whole Foods, as well as a short drive to Media, with it s myriad of parades, festivals and Dining Under the Stars. Close to major arteries to access the airport, Philadelphia and Wilmington.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2019
Closed on
Jul 5, 2019
Sold by
Patel Rajesh and Patel Varsha
Bought by
Thiruselvam David P and Thiruselvam Gira R
Seller's Agent
Maria Doyle
Compass RE
Buyer's Agent
Mariellen Weaver
Compass RE
List Price
$1,349,000
Sold Price
$1,225,000
Premium/Discount to List
-$124,000
-9.19%
Current Estimated Value
$1,873,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$648,766
Avg. Annual Appreciation
6.81%
Original Mortgage
$980,000
Outstanding Balance
$858,567
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$1,015,199

Purchase Details

Closed on
Aug 9, 2016
Bought by
Patel Varsha and Patel Rajesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,448
Interest Rate
3.43%

Purchase Details

Closed on
May 18, 2005
Sold by
Holspring Developers Llc
Bought by
Patel Rajesh and Patel Varsha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thiruselvam David P $1,225,000 None Available
Patel Varsha -- --
Patel Rajesh $1,053,300 American Land Title Assoc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thiruselvam David P $980,000
Previous Owner Patel Varsha $650,448
Previous Owner Patel Varsha --
Previous Owner Patel Rajesh $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2019 06/27/19 Sold $1,225,000 -5.7% $130 / Sq Ft View Prior Sale
04/14/2019 04/14/19 Price Changed $1,299,000 -2.0% $138 / Sq Ft
04/08/2019 04/08/19 Price Changed $1,325,000 -1.8% $140 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $1,349,000 -- $143 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,194 $1,110,700 $246,030 $864,670
2024 $19,194 $1,110,700 $246,030 $864,670
2023 $18,585 $1,110,700 $246,030 $864,670
2022 $18,233 $1,110,700 $246,030 $864,670
2021 $27,517 $1,110,700 $246,030 $864,670
2020 $18,718 $650,448 $208,840 $441,608
2019 $18,492 $650,448 $208,840 $441,608
2018 $18,300 $650,448 $0 $0
2017 $18,309 $650,448 $0 $0
2016 $3,570 $650,448 $0 $0
2015 $3,643 $650,448 $0 $0
2014 $3,570 $650,448 $0 $0
Source: Public Records

Agents Affiliated with this Home

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