$630,000
SOLD FEB 6, 2025
2 Beds
2.5 Baths
1,962 Sq Ft
$735/mo HOA Fee

Recently Sold

$321 Per Sq Ft

3% Below List Price

59 Days on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Wood Flooring
  • Culbertson Elementary School Rated A
  • Clubhouse
  • Hydromassage or Jetted Bathtub

About This Home

As of February 2025

Welcome to 241 Cornerstone Drive, a beautifully appointed 2-bedroom, 2.5-bath condo in the highly sought-after Terrazza community of Newtown Square. This exceptional home offers an inviting, open-concept layout and high-end finishes throughout. As you enter, you are greeted by a spacious foyer with gleaming hardwood floors that flow seamlessly into the main living area. A convenient coat closet and powder room are just off the entryway. The expansive living room boasts a cozy gas fireplace, a private balcony, and large transom windows that flood the space with natural light. The living area flows effortlessly into the kitchen, creating the perfect environment for both relaxing and entertaining. The chef-inspired kitchen is a standout, featuring sleek stainless steel appliances, a large peninsula with breakfast bar, cherry wood cabinetry, granite countertops, a handy wine fridge, and a convenient pantry. Just off the kitchen, you’ll find the laundry/utility room with a stacked front-load washer and dryer. The adjoining dining room is a bright and elegant space, accented with crown molding, chair rail, and a pair of double windows, perfect for hosting dinner parties or enjoying casual meals. The first bedroom is located just off the living room, with plush carpet, double windows, and a spacious walk-in closet. This room connects to a full bath with tile floors and a tub/shower combo, perfect for a guest suite! Further down the hall, you’ll find a cozy office/den with built-in bookcases and carpet flooring—ideal for remote work or additional living space. The expansive primary bedroom serves as your private retreat, featuring two walk-in closets and a large double window. The en-suite bath offers a luxurious experience, complete with a double vanity with granite countertops, a jetted tub, separate shower, and a linen closet. This condo is part of a vibrant community that offers a wealth of amenities, including a beautifully designed clubhouse and state-of-the-art fitness center with steam rooms. Other amenities also include a billiards room, a game room, meeting rooms, an outdoor pool, recreational center, and tennis courts. Take in the stunning courtyards and tranquil fountains that create a serene atmosphere throughout the property. This condo is rare, boasting two parking spots as well as a storage area in the garage. The Terrazza HOA covers maintenance of the common areas, water, trash, snow removal, landscaping, and master insurance. Enjoy peace of mind with a professional management team overseeing all operations. Conveniently located near museums, unique shops, world-class dining, country clubs, and major employment centers, this home is perfectly situated for both relaxation and convenience. Easy access to major highways makes commuting to Philadelphia or the airport a breeze. Don’t miss the opportunity to make 241 Cornerstone Drive your new home—where comfort, style, and convenience come together in perfect harmony!

Last Agent to Sell the Property

Thomas Toole III

RE/MAX Main Line-West Chester License #RS228901 Listed on: 11/08/2024

RE/MAX Main Line-West Chester

Co-Listed By

Jett Canavarro

RE/MAX Main Line-West Chester License #RS369576

Last Buyer's Agent

Cassie Barnes

BHHS Fox & Roach-Rosemont

BHHS Fox & Roach-Rosemont

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,005

Year Built

  • Built in 2008

HOA Fees

  • $735 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Lot
  • Parking Fee

Home Design

  • Pitched Roof
  • Masonry

Interior Spaces

  • 1,962 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Mantel
  • Gas Fireplace
  • Transom Windows
  • Window Screens
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Den

Kitchen

  • Gas Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Front Loading Dryer
  • Front Loading Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Shed

Schools

  • Culbertson Elementary School
  • Paxon Hollow Middle School
  • Marple Newtown High School

Utilities

  • Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 015-000
  • Assessor Parcel Number 30-00-01721-28

Community Details

Overview

  • $2,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, health club, lawn maintenance, recreation facility, road maintenance, snow removal, trash, water
  • Terazza Newtown Square HOA
  • Low-Rise Condominium
  • Terrazza Newtown Sqr Subdivision
  • Property Manager

Amenities

  • Common Area
  • Clubhouse
  • Game Room
  • Billiard Room
  • Meeting Room
  • Recreation Room
  • Community Storage Space

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Limit on the number of pets

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,005

Year Built

Built in 2008

Lot Details

0

HOA Fees

$735 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Dining Rom Chandelier. All tenants possessions.
  • Inclusions: All appliances.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-11-08
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 241 Cornerstone Drive, a beautifully appointed 2-bedroom, 2.5-bath condo in the highly sought-after Terrazza community of Newtown Square. This exceptional home offers an inviting, open-concept layout and high-end finishes throughout. As you enter, you are greeted by a spacious foyer with gleaming hardwood floors that flow seamlessly into the main living area. A convenient coat closet and powder room are just off the entryway. The expansive living room boasts a cozy gas fireplace, a private balcony, and large transom windows that flood the space with natural light. The living area flows effortlessly into the kitchen, creating the perfect environment for both relaxing and entertaining. The chef-inspired kitchen is a standout, featuring sleek stainless steel appliances, a large peninsula with breakfast bar, cherry wood cabinetry, granite countertops, a handy wine fridge, and a convenient pantry. Just off the kitchen, you’ll find the laundry/utility room with a stacked front-load washer and dryer. The adjoining dining room is a bright and elegant space, accented with crown molding, chair rail, and a pair of double windows, perfect for hosting dinner parties or enjoying casual meals. The first bedroom is located just off the living room, with plush carpet, double windows, and a spacious walk-in closet. This room connects to a full bath with tile floors and a tub/shower combo, perfect for a guest suite! Further down the hall, you’ll find a cozy office/den with built-in bookcases and carpet flooring—ideal for remote work or additional living space. The expansive primary bedroom serves as your private retreat, featuring two walk-in closets and a large double window. The en-suite bath offers a luxurious experience, complete with a double vanity with granite countertops, a jetted tub, separate shower, and a linen closet. This condo is part of a vibrant community that offers a wealth of amenities, including a beautifully designed clubhouse and state-of-the-art fitness center with steam rooms. Other amenities also include a billiards room, a game room, meeting rooms, an outdoor pool, recreational center, and tennis courts. Take in the stunning courtyards and tranquil fountains that create a serene atmosphere throughout the property. This condo is rare, boasting two parking spots as well as a storage area in the garage. The Terrazza HOA covers maintenance of the common areas, water, trash, snow removal, landscaping, and master insurance. Enjoy peace of mind with a professional management team overseeing all operations. Conveniently located near museums, unique shops, world-class dining, country clubs, and major employment centers, this home is perfectly situated for both relaxation and convenience. Easy access to major highways makes commuting to Philadelphia or the airport a breeze. Don’t miss the opportunity to make 241 Cornerstone Drive your new home—where comfort, style, and convenience come together in perfect harmony!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Water Heater, Dryer - Front Loading, Washer - Front Loading, Refrigerator
  • Entry Floor: 4
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Bathroom - Jetted Tub, Bathroom - Stall Shower, Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Screens, Transom
  • Fireplace Features: Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: High
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Foyer, Laundry, Office, Primary Bathroom, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1962
  • Living Area Sq Ft: 1962
  • Price Per Sq Ft: 331.29
  • Above Grade Finished Sq Ft: 1962
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 241

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Masonry
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Parking Fee
  • Garage Features: Built In, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Electric Service: Circuit Breakers, Underground
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Sprinkler System - Indoor, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 735.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Billiard Room, Club House, Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Game Room, Meeting Room, Pool - Outdoor, Recreational Center, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Lawn Maintenance, Recreation Facility, Road Maintenance, Snow Removal, Trash, Water
  • HOA Name: TERAZZA NEWTOWN SQUARE
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

  • School District: MARPLE NEWTOWN
  • Elementary School: CULBERTSON
  • Middle School: PAXON HOLLOW
  • High School: MARPLE NEWTOWN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397356
  • School District Source: Listing Agent
  • Elementary School: CULBERTSON
  • High School: MARPLE NEWTOWN
  • Middle Or Junior School: PAXON HOLLOW

Lot Info

  • Land Use Code: R-50
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 5584.00
  • Tax Annual Amount: 8005.00
  • Assessor Parcel Number: 30-00-01721-28
  • Tax Lot: 015-000
  • Tax Total Finished Sq Ft: 1962
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 02/06/2025

MLS Schools

  • School District Name: MARPLE NEWTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Jan 30, 2025
Sold by
Canavarro Lisa B
Bought by
Peters Wendy A and Peters Geoffrey M
Seller's Agent
Thomas Toole III
RE/MAX Main Line-West Chester
Buyer's Agent
Cassie Barnes
BHHS Fox & Roach-Rosemont
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%
Total Days on Market
59
Views
115
Current Estimated Value
$646,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,048
Avg. Annual Appreciation
8.18%
Original Mortgage
$598,500
Outstanding Balance
$597,487
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$48,561

Purchase Details

Closed on
Mar 26, 2019
Sold by
Canavarro Lisa B and Guadagnini Alberto
Bought by
Canavarro Lisa B

Purchase Details

Closed on
Sep 3, 2008
Sold by
Cornerstone Newtown Square Associates Lp
Bought by
Canavarro Lisa B and Guadagnini Alberto
Source: Public Records

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Range of Values:

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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 $630,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed $534,900 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $598,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Sold $630,000 -3.1% $321 / Sq Ft
11/08/2024 11/08/24 For Sale $650,000 0.0% $331 / Sq Ft
11/04/2012 11/04/12 Rented $3,250 -5.8% --
10/30/2012 10/30/12 Under Contract -- -- --
10/10/2012 10/10/12 For Rent $3,450 -- --
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
2024 $8,006 $481,060 $88,290 $392,770
2023 $7,753 $481,060 $88,290 $392,770
2022 $7,583 $481,060 $88,290 $392,770
2021 $11,593 $481,060 $88,290 $392,770
2020 $12,103 $441,220 $118,820 $322,400
2019 $11,911 $441,220 $118,820 $322,400
2018 $11,781 $441,220 $0 $0
2017 $11,742 $441,220 $0 $0
2016 $2,471 $441,220 $0 $0
2015 $2,471 $441,220 $0 $0
2014 $2,471 $441,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2078624

Bright MLS

APN: 30-00-01721-28