NOT LISTED FOR SALE

Estimated Value: $4,136,759

7 Beds
9 Baths
8,018 Sq Ft
$516/Sq Ft Est. Value

Last Sold March 28, 2016

Last sale price $2,275,000 $284 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $23,715/month

Highlights

  • In Ground Pool
  • 23.53 Acre Lot
  • Tudor Architecture
  • Welsh Valley Middle School Rated A+
  • Cathedral Ceiling
  • No HOA

About This Home

As of March 2016

Legend has it that "River House" was built for Leopold Stokowski, director of the Philadelphia Orchestra, and his lover, famed film star, Greta Garbo, but following a disagreement, they never acquired the home. Instead, River House was purchased by Helen Tyson Madeira and Louis C. Madeira IV in 1940, and the Madeira family lived there for nearly three-quarters of a century. As one of the original Monk Road families, the Madeiras were able to choose their own address, and they chose 1600, after the address of the White House. Offered to the market for the first time since their initial purchase, this magnificent 7+ bedroom 7 full bath home offers exquisite detailing in both its formal and family spaces. Spectacular step down Living Room with plaster moldings, pickled trusses and exposed beams is bathed in natural light by floor to ceiling windows and French doors. Handsome library is highlighted by hand crafted American cherry paneling and a hide away wet bar. Enjoying an eastern exposure to a wide bluestone terrace, the library welcomes morning light and long views of the property's varied topography and specimen plantings. Following a wide stone hall, find an oval shaped formal dining room, with hand pegged wood floors, two exposures of light and deep storage closets, one out fitted for silver storage and the other for hanging linens. This dining room is as elegant today as when it hosted notable guests throughout the homes history. Second level provides a deluxe master suite with his and her baths and dressing rooms, three additional family or guest rooms each with en-suite baths and three additional bedrooms or sitting rooms located off the back stairs with two full baths. An exit to the outside, steps away from the four+ car garage makes this space ideal for independent living quarters. Enveloped by 25 acres of conserved pastoral, groomed and naturally landscaped grounds which connect to the bridle wild trails, the homes is a study in gracious country mansion style architecture.

Last Agent to Sell the Property

Lavinia Smerconish

(610) 615-5400 lavinia@laviniasmerconish.com Compass RE License #RS149832A Listed on: 05/26/2015

Compass RE

Last Buyer's Agent

Marjorie Pendergast

(610) 999-1973 marji.pendergast@foxroach.com BHHS Fox & Roach-Rosemont

BHHS Fox & Roach-Rosemont

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 23.53 Acre Lot
  • Property is zoned RA

Parking

  • 4 Car Attached Garage
  • 3 Open Parking Spaces

Home Design

  • Tudor Architecture
  • Stone Siding

Interior Spaces

  • 8,018 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Partial Basement
  • Laundry on lower level

Kitchen

  • Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 7 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Pool

  • In Ground Pool

Utilities

  • Central Air
  • Heating System Uses Oil
  • Oil Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 009
  • Assessor Parcel Number 40-00-37964-003

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Tudor
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1938
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Cooktop, Oven - Double, Dishwasher
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Dining Area
  • Fireplace: No
  • Wall Ceiling Types: Cathedral Ceilings
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Partial
  • Laundry Type: Lower Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 8018
  • Living Area Sq Ft: 8018
  • Net Sq Ft: 8018.00
  • Price Per Sq Ft: 367.92
  • Above Grade Finished Sq Ft: 8018
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1600

Beds/Baths

  • Bedrooms: 7
  • Total Bathrooms: 9
  • Full Bathrooms: 7
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone
  • Access To Pool: Yes
  • Pool Features: In Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 7
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: LOWER MERION
  • School District Key: 300200396851

Lot Info

  • Land Use Code: 1101
  • Lot Size Acres: 23.53
  • Lot Dimensions: 816
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 916503.00
  • Property Attached Yn: No
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 70452.00
  • Assessor Parcel Number: 40-00-37964-003
  • Tax Lot: 009
  • Tax Year: 2016
  • Close Date: 03/28/2016

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Mar 24, 2016
Sold by
Thomas Regina O and Riband Herbert S
Bought by
Bibeau Neal G and Bibeau Monica E
Seller's Agent
Lavinia Smerconish
Compass RE
Buyer's Agent
Marjorie Pendergast
BHHS Fox & Roach-Rosemont
List Price
$3,575,000
Sold Price
$2,275,000
Premium/Discount to List
-$1,300,000
-36.36%
Current Estimated Value
$4,136,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,861,759
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Jan 1, 1959
Bought by
Madeira Louis C and Madeira Helen T
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 Buyer Sale Price Title Company
Bibeau Neal G -- None Available
Madeira Louis C -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2016 03/28/16 Sold $2,275,000 -22.9% $284 / Sq Ft
03/12/2016 03/12/16 Pending -- -- --
09/30/2015 09/30/15 Price Changed $2,950,000 -17.5% $368 / Sq Ft
05/26/2015 05/26/15 For Sale $3,575,000 -- $446 / 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 $21,399 $512,410 -- --
2024 $21,399 $512,410 -- --
2023 $20,507 $512,410 $0 $0
2022 $20,127 $2,079,400 $0 $0
2021 $19,669 $2,079,400 $0 $0
2020 $19,189 $2,079,400 $0 $0
2019 $18,850 $2,079,400 $0 $0
2018 $18,850 $2,079,400 $0 $0
2017 $18,157 $2,079,400 $0 $0
2016 $17,957 $2,079,400 $0 $0
2015 $70,453 $2,485,850 $1,568,150 $917,700
2014 $81,226 $2,485,850 $1,568,150 $917,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003466137

Bright MLS

APN: 40-00-37964-003