NOT LISTED FOR SALE

246 Cornerstone Dr Unit 246 Newtown Square, PA 19073

Estimated Value: $597,000 - $662,000

2 Beds
2.5 Baths
2,004 Sq Ft
$686/mo HOA Fee

Last Sold May 06, 2021

Last sale price $575,000 $287 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,707/month

83 Days on Market

Highlights

  • Fitness Center
  • No Units Above
  • Clubhouse
  • Culbertson Elementary School Rated A
  • Open Floorplan
  • Deck

About This Home

As of May 2021

Welcome to 246 Cornerstone Drive offering 2 Bedrooma 2.5 baths and large Den ttaling 2004 square feet of luxury living. This elegant4th floor penthouse home at Terrazza Newtown Square shows like a model home and is in move-in condition. Just painted and new carpets installed in the Den and Bedrooms. Terrazza is the perfect solution for the buyer looking to downsize, and who desires freedom from home maintenance without compromising on space. Walk into the open floor plan living room with corner gas fireplace, beautiful hardwood floors and entrance to spacious terrace overlooking the picturesque Terrazza courtyard. Enjoy your morning coffee on the terrace listening to the gentle flow of Terrazza fountains. The great room boasts a dramatice 12 foot elevated roof line that carries forward to the expansive terrace. Only penthouse units at Terrazza feature this dramatic elevated roof line. The formal dining room is spacious and can accomodate your family dinners and holiday gatherings. You can also entertain at the kitchen counter bar adjoining the amazing cook's kitchen with stainless steel appliances, granite counters, pantry, and large double window over the kitchen sink. There is a spacious den which can be used as an office or additional accomodations for overnight guests. There are two master bedroom suites both with en-suite baths and very generous walk-in closets. The main master Bedroom suite features a double sink vanity, linen closet, oversized shower and whirlpool soaking tub. Completing this unit is a powder room off the foyer and a laundry area off the kitchen with a full size washer and dryer. Included with the sale are two indoor parking spaces (11 and 12) and an an expansive storage area (#34) on the garage level. (this is one of the rare units has comes with the large size staroage room.) Both bedrooms have large en-suite baths and feature large walk-in closets with custom walnut inserts. Many extra features including a reverse osmosis water filtration system, sound system and top of the line custom closets. No need to drive to the gym as the Terrazza clubhouse features a fully equipped fitness center, locker room facilities and a steam room. The clubhouse also has a full size kitchen, billiards, card room and a library. The owners also enjoy their own tennis court and outdoor pool area. All Terrazza amenities are included in the monthly HOA fee. Terrazza is very convenient to country clubs, shopping, dining, Ridley Creek State Park, Whole Foods, market and minutes from Media, Paoli, Bryn Mawr and the entire Main Line area. If you are looking for elegance and easy living Terrazza is a "must-see" option. The community is professionally managed by Robert Wise Management company. There is a $500 move-in fee and $2000 capital contribution at settlement. There is a mandatory special assessment for balcony improvements through April 2023 . ($229.00 per month through April 2023)

Last Agent to Sell the Property

MICHAEL GUTKIND

(610) 517-8411 mrgutkind@aol.com BHHS Fox & Roach-Haverford License #RS186985L Listed on: 12/30/2020

BHHS Fox & Roach-Haverford

Co-Listed By

Jon Gutkind

(610) 517-8411 Jon.Gutkind@foxroach.com BHHS Fox & Roach-Haverford License #RS321456

Last Buyer's Agent

Jamie Erfle

(267) 435-8015 jamiegerfle@gmail.com Compass RE License #RS336972

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,446

Year Built

  • Built in 2008

Lot Details

  • No Units Above
  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $686 Monthly HOA Fees

Parking

  • Assigned Subterranean Space
  • Basement Garage
  • Lighted Parking
  • Parking Lot
  • Unassigned Parking

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Masonry
  • Stucco

Interior Spaces

  • 2,004 Sq Ft Home
  • Property has 4 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Gas Fireplace
  • Double Hung Windows
  • Great Room
  • Formal Dining Room
  • Den
  • Courtyard Views
  • Intercom

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Outdoor Features

  • Deck
  • Water Fountains
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 200+ Amp Service
  • Electric Water Heater
  • Water Conditioner is Owned
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 015-200
  • Assessor Parcel Number 30-00-01721-32

Community Details

Overview

  • $2,000 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care rear, management, pool(s), recreation facility, reserve funds, road maintenance, snow removal, trash, water
  • 1 Elevator
  • Terrazza Community Association
  • Low-Rise Condominium
  • Built by Cornerstone Communities
  • Terrazza Newtown Sqr Subdivision, Denby Floorplan
  • Terrazza At Newtown Sqr Community
  • Property Manager

Amenities

  • Clubhouse
  • Meeting Room
  • Party Room
  • Community Storage Space

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,446

Year Built

Built in 2008

Lot Details

0

HOA Fees

$686 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: lighting fixtures in DR, great room and Masterlbath
  • Historic: No
  • Inclusions: washer Dryer Refrigerator, all in as-is condition, window treatments
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Microwave, Oven - Self Cleaning, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Conditioner - Owned
  • Entry Floor: 4
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Floor Plan - Open, Formal/Separate Dining Room, Soaking Tub, Stall Shower, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: No One Above
  • Elevators Count: 1
  • Foundation Details: Concrete Perimeter
  • Levels Count: 4
  • Room List: Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Great Room, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2004
  • Living Area Sq Ft: 2004
  • Price Per Sq Ft: 293.91
  • Above Grade Finished Sq Ft: 2004
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Frame, Masonry, Stucco
  • Exterior Features: Bbq Grill, Exterior Lighting, Lawn Sprinkler, Sidewalks, Tennis Court(s), Underground Lawn Sprinkler, Water Fountains
  • Roof: Shingle
  • Spa: No
  • View: Courtyard
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: No
  • Parking Features: Lighted Parking, Unassigned
  • Garage Features: Basement Garage, Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage, Parking Lot
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Intercom
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Under Ground
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 686.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Party Room, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Rear, Management, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Snow Removal, Trash, Water
  • HOA Name: TERRAZZA COMMUNITY ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 2000.00

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: CULBERTSON
  • High School: MARPLE NEWTOWN
  • Middle Or Junior School: PAXON HOLLOW

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Excellent
  • Zoning: R-10
  • Zoning Description: Residential

Building Info

  • Builder Name: Cornerstone Communities

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • School Tax: 6138.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 8446.00
  • Assessor Parcel Number: 30-00-01721-32
  • Tax Lot: 015-200
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: MARPLE NEWTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2020
Closed on
Apr 14, 2021
Sold by
Krass Victor and Krass Ruth S
Bought by
Abloeser Samuel and Abloeser Marcy Love
Seller's Agent
MICHAEL GUTKIND
BHHS Fox & Roach-Haverford
Buyer's Agent
Jamie Erfle
Compass RE
List Price
$589,000
Sold Price
$575,000
Premium/Discount to List
-$14,000
-2.38%
Current Estimated Value
$638,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,816
Avg. Annual Appreciation
2.33%

Purchase Details

Closed on
Jul 25, 2008
Sold by
Cornerstone Newtown Square Associates Lp
Bought by
Krass Victor and Krass Ruth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Abloeser Samuel $575,000 Secured Land Transfer Llc
Krass Victor $558,939 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krass Victor $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2021 05/06/21 Sold $575,000 -2.4% $287 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
12/30/2020 12/30/20 For Sale $589,000 -- $294 / 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 $8,043 $338,250 $88,540 $249,710
2024 $8,043 $483,330 $88,540 $394,790
2023 $7,790 $483,330 $88,540 $394,790
2022 $7,619 $483,330 $88,540 $394,790
2021 $11,648 $483,330 $88,540 $394,790
2020 $8,939 $325,861 $118,830 $207,031
2019 $8,797 $325,861 $118,830 $207,031
2018 $8,701 $325,861 $0 $0
2017 $8,672 $325,861 $0 $0
2016 $1,788 $325,861 $0 $0
2015 $1,825 $325,861 $0 $0
2014 $1,825 $325,861 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PADE537202

Bright MLS

APN: 30-00-01721-32