$3,150,000
SOLD NOV 29, 2021

130 N Main St New Hope, PA 18938

11 Beds
12 Baths
7,740 Sq Ft
0.48 Acres

Recently Sold

$407 Per Sq Ft

21% Below List Price

Highlights

  • Boat Ramp
  • Home fronts navigable water
  • Penthouse
  • New Hope-Solebury Upper Elementary School Rated A
  • Water Access
  • Panoramic View

About This Home

As of January 2024

Riverside is a unique cluster of four condominiums being sold as one private property. The main riverfront condo is over 4,000 square feet on 2 floors with spectacular water views! Sitting on the long terrace or upstairs balcony one can view the New Hope-Lambertville Bridge, all of Lambertville, summer fireworks and dragon boat exercises. The condo below has the same spectacular river views and its own separate terraces. All units are three bedrooms and 2 – 4 baths. With the exception of one condo, all have fantastic riverfront views from the decks, terraces and windows. All Condos share river access by a ramp and concrete dock, as well as a lower level entertaining area. Currently Owner resides in main condo while 3 other units are fully rented and bring in $7,750 in rent every month. Riverside is ideal for a family compound, ownership with additional income or an opportunity to sell individual condos in the future. Located on coveted North Main Street and part of the New Hope/Solebury School District, Riverside is an investment opportunity that will never come along again and practically a guaranteed return on investment as the years past. The chance to buy four spacious river front homes for the price of one, is truly, the last of its kind.

Last Agent to Sell the Property

Nicole Curran

Addison Wolfe Real Estate License #RS275619 Listed on: 04/23/2021

Co-Listed By

Art Mazzei

Addison Wolfe Real Estate

Last Buyer's Agent

Revi Haviv

Addison Wolfe Real Estate License #RS355167

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,000

Year Built

  • Built in 1945

Lot Details

  • Home fronts navigable water

Parking

  • 10 Off-Street Spaces
  • On-Street Parking

Property Views

  • River
  • Panoramic

Home Design

  • Penthouse
  • Traditional Architecture
  • Entry on the 1st floor
  • Plaster Walls
  • Pitched Roof
  • Shingle Roof
  • Architectural Shingle Roof
  • Slate Roof

Interior Spaces

  • 7,740 Sq Ft Home
  • Property has 2 Levels
  • Beamed Ceilings
  • Vaulted Ceiling
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile or Brick

Bedrooms and Bathrooms

  • 11 Main Level Bedrooms

Outdoor Features

  • Water Access
  • River Nearby
  • Stream or River on Lot

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 041
  • Assessor Parcel Number 27-007-041

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area maintenance, insurance, pier/dock maintenance, snow removal
  • 3 Units
  • Low-Rise Condominium
  • Riverstone Subdivision

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,000

Year Built

Built in 1945

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • Exclusions: Riverfront Top Unit -total of 5 hanging Chandeliers in Kitchen and Main Living area
  • New Construction: No
  • Story List: Main
  • Year Built: 1945
  • Automatically Close On Close Date: No
  • Remarks Public: Riverside is a unique cluster of four condominiums being sold as one private property. The main riverfront condo is over 4,000 square feet on 2 floors with spectacular water views! Sitting on the long terrace or upstairs balcony one can view the New Hope-Lambertville Bridge, all of Lambertville, summer fireworks and dragon boat exercises. The condo below has the same spectacular river views and its own separate terraces. All units are three bedrooms and 2 – 4 baths. With the exception of one condo, all have fantastic riverfront views from the decks, terraces and windows. All Condos share river access by a ramp and concrete dock, as well as a lower level entertaining area. Currently Owner resides in main condo while 3 other units are fully rented and bring in $7,750 in rent every month. Riverside is ideal for a family compound, ownership with additional income or an opportunity to sell individual condos in the future. Located on coveted North Main Street and part of the New Hope/Solebury School District, Riverside is an investment opportunity that will never come along again and practically a guaranteed return on investment as the years past. The chance to buy four spacious river front homes for the price of one, is truly, the last of its kind.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet, Hardwood, Stone, Tile/Brick
  • Fireplaces Count: 1
  • Wall Ceiling Types: Beamed Ceilings, Plaster Walls, Masonry, Vaulted Ceilings
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 7740
  • Living Area Sq Ft: 7740
  • Price Per Sq Ft: 516.15
  • Above Grade Finished Sq Ft: 7740
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 130

Beds/Baths

  • Bedrooms: 11
  • Main Level Bedrooms: 11
  • Total Bathrooms: 12
  • Full Bathrooms: 10
  • Half Bathrooms: 2
  • Main Level Bathrooms: 12.00
  • Main Level Full Bathrooms: 10
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Roof: Architectural Shingle, Pitched, Shingle, Slate
  • View: River, Water, Panoramic
  • Water Access: Yes
  • Water Body Name: Delaware
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Built In, Covered Parking
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 23
  • Type Of Parking: Attached Garage, Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 10
  • Off Street Parking Spaces: 10

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Boat Ramp, Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Pier/Dock Maintenance, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District: NEW HOPE-SOLEBURY
  • School District Key: 300200397328
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 76300.00
  • Land Assessed Value: 21000.00
  • Land Use Code: 1001
  • Lot Dimensions: 100.00 x 207.00
  • Year Assessed: 2021
  • Zoning: RB

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 128791
  • School Tax: 10217.00
  • Tax Annual Amount: 22000.00
  • Assessor Parcel Number: 27-007-041
  • Tax Lot: 041
  • Tax Total Finished Sq Ft: 7740
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/29/2021

MLS Schools

  • School District Name: NEW HOPE-SOLEBURY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jan 5, 2024
Sold by
Wmjb Ex Holdings Llc
Bought by
130 N Main Street Llc
Seller's Agent
Revi Haviv
Addison Wolfe Real Estate
Buyer's Agent
Revi Haviv
Addison Wolfe Real Estate
List Price
$4,950,000
Sold Price
$4,300,000
Premium/Discount to List
-$650,000
-13.13%
Views
348
Current Estimated Value
$3,296,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,004,000
Avg. Annual Appreciation
-14.58%
Original Mortgage
$6,440,000
Outstanding Balance
$6,338,596
Interest Rate
7.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$3,038,596

Purchase Details

Listed on
Jan 13, 2022
Closed on
Aug 30, 2022
Sold by
Gold Coast Development Llc
Bought by
Wmjb Ex Holdings Llc
Seller's Agent
Revi Haviv
Addison Wolfe Real Estate
Buyer's Agent
Revi Haviv
Addison Wolfe Real Estate
List Price
$4,200,000
Sold Price
$3,750,000
Premium/Discount to List
-$450,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $4,300,000 Omni Abstract
Special Warranty Deed $3,750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,440,000 Credit Line Revolving
Previous Owner $64,600 Small Business Administration
Previous Owner $455,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $4,300,000 -13.1% $556 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $4,950,000 0.0% $640 / Sq Ft
03/21/2023 03/21/23 Price Changed $4,950,000 -1.0% $640 / Sq Ft
03/21/2023 03/21/23 Price Changed $4,999,000 0.0% $646 / Sq Ft
03/01/2023 03/01/23 Rented $7,000 0.0% --
01/30/2023 01/30/23 Under Contract -- -- --
01/06/2023 01/06/23 Price Changed $7,000 -6.7% $3 / Sq Ft
01/02/2023 01/02/23 For Rent $7,500 0.0% --
12/23/2022 12/23/22 Under Contract -- -- --
12/23/2022 12/23/22 For Rent $7,500 0.0% --
09/01/2022 09/01/22 Sold $3,750,000 0.0% $343 / Sq Ft
08/30/2022 08/30/22 Sold $3,750,000 -10.7% $484 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/30/2022 06/30/22 Pending -- -- --
06/24/2022 06/24/22 Price Changed $4,200,000 0.0% $384 / Sq Ft
06/24/2022 06/24/22 For Sale $4,200,000 0.0% $384 / Sq Ft
06/24/2022 06/24/22 For Sale $4,200,000 -44.0% $543 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $7,499,000 +138.1% $685 / Sq Ft
11/29/2021 11/29/21 Sold $3,150,000 -21.2% $407 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $3,995,000 -- $516 / Sq Ft
Source: Bright MLS

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 $14,852 $26,360 $26,360 --
2024 $14,852 $97,300 $21,000 $76,300
2023 $14,445 $97,300 $21,000 $76,300
2022 $14,339 $97,300 $21,000 $76,300
2021 $14,033 $97,300 $21,000 $76,300
2020 $13,774 $97,300 $21,000 $76,300
2019 $13,453 $97,300 $21,000 $76,300
2018 $13,225 $97,300 $21,000 $76,300
2017 $12,737 $97,300 $21,000 $76,300
2016 $12,737 $97,300 $21,000 $76,300
2015 -- $97,300 $21,000 $76,300
2014 -- $97,300 $21,000 $76,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU525674

Bright MLS

APN: 27-007-041