$611,014
SOLD MAR 31, 2025
2 Beds
2 Baths
1,687 Sq Ft
$715/mo HOA Fee

Recently Sold

$362 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • Fitness Center
  • View of Trees or Woods
  • Engineered Wood Flooring
  • Culbertson Elementary School Rated A
  • Clubhouse
  • Water Fountains

About This Home

As of March 2025

Welcome to 248 Cornerstone Drive offering 2 Bedrooms, 2 baths and a large Den totaling 1687 square feet of luxury living. This elegant 4th Penthouse floor home at Terrazza Newtown Square shows like a model home and is in move-in condition. Walk into the open floor plan living room with a corner gas fireplace, beautiful hardwood floors, crown moldings and entrance to a spacious terrace. This penthouse level condo boasts an elevated 12-foot-high ceiling in the great room area with numerous transome windows flooding the living room with light. The spacious terrace off of the living room offers a peaceful wooded view and a view of the stream running through the property. The formal dining room is spacious and can accommodate 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, and storage pantry, There is a spacious den which can be used as an office or additional accommodations 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, over-sized shower and custom inserts in the walk-in closet. The laundry is neatly tucked away in a closet off the second bathroom. Included with the sale is an indoor parking space and storage area off the garage level. Additional parking is plentiful adjacent to the building. Terrazza is the perfect solution for the buyer looking to downsize, and who desires freedom from home maintenance without compromising on space. 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 commercial catering kitchen, billiards, card room and a library. The clubhouse is available for private rentals at a very nominal fee. The owners also enjoy their own tennis /pickleball courts and an outdoor pool area. All Terrazza amenities are included in the monthly HOA fee. The community comes alive in the spring and summer months with the stunning courtyards and the tranquil fountains that create a peaceful and serene atmosphere throughout the community. 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. There is a $500 move-in fee and $2000 capital contribution at settlement. 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. Don’t miss the opportunity to make 248 Cornerstone Drive your new home—where comfort, style, and convenience come together in perfect harmony!

Last Agent to Sell the Property

MICHAEL GUTKIND

BHHS Fox & Roach-Haverford License #RS186985L Listed on: 02/10/2025

BHHS Fox & Roach-Haverford

Co-Listed By

Jon Gutkind

BHHS Fox & Roach-Haverford License #RS321456

Last Buyer's Agent

Kathe O'Donovan

BHHS Fox & Roach-Rosemont License #AB060170L

BHHS Fox & Roach-Rosemont

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,942

Year Built

  • Built in 2008

Lot Details

  • Sprinkler System

HOA Fees

  • $715 Monthly HOA Fees

Parking

  • 1 Assigned Parking Garage Space
  • Basement Garage
  • Garage Door Opener
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Frame Construction
  • Architectural Shingle Roof
  • Metal Roof
  • Masonry

Interior Spaces

  • 1,687 Sq Ft Home
  • Property has 1 Level
  • Crown Molding
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Den
  • Views of Woods
  • Intercom

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Water Fountains
  • Outdoor Grill

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 015-000
  • Assessor Parcel Number 30-00-01721-34

Community Details

Overview

  • $2,000 Capital Contribution Fee
  • Association fees include all ground fee, common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), reserve funds, road maintenance, snow removal, trash, water
  • $500 Other One-Time Fees
  • 103 Units
  • 1 Elevator
  • Terrazza Community Association
  • Low-Rise Condominium
  • Built by Cornerstone Communities
  • Terrazza Newtown Sqr Subdivision, Carlton Floorplan
  • Terrazza At Newtown Sqr Community
  • Property Manager

Amenities

  • Clubhouse
  • Billiard Room
  • Party Room
  • Community Library

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Dog Park

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,942

Year Built

Built in 2008

Lot Details

0

HOA Fees

$715 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Inclusions: washer dryer and refrigerator
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2025-02-21
  • Federal Flood Zone: No
  • Year Built: 2008
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Welcome to 248 Cornerstone Drive offering 2 Bedrooms, 2 baths and a large Den totaling 1687 square feet of luxury living. This elegant 4th Penthouse floor home at Terrazza Newtown Square shows like a model home and is in move-in condition. Walk into the open floor plan living room with a corner gas fireplace, beautiful hardwood floors, crown moldings and entrance to a spacious terrace. This penthouse level condo boasts an elevated 12-foot-high ceiling in the great room area with numerous transome windows flooding the living room with light. The spacious terrace off of the living room offers a peaceful wooded view and a view of the stream running through the property. The formal dining room is spacious and can accommodate 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, and storage pantry, There is a spacious den which can be used as an office or additional accommodations 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, over-sized shower and custom inserts in the walk-in closet. The laundry is neatly tucked away in a closet off the second bathroom. Included with the sale is an indoor parking space and storage area off the garage level. Additional parking is plentiful adjacent to the building. Terrazza is the perfect solution for the buyer looking to downsize, and who desires freedom from home maintenance without compromising on space. 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 commercial catering kitchen, billiards, card room and a library. The clubhouse is available for private rentals at a very nominal fee. The owners also enjoy their own tennis /pickleball courts and an outdoor pool area. All Terrazza amenities are included in the monthly HOA fee. The community comes alive in the spring and summer months with the stunning courtyards and the tranquil fountains that create a peaceful and serene atmosphere throughout the community. 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. There is a $500 move-in fee and $2000 capital contribution at settlement. 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. Don’t miss the opportunity to make 248 Cornerstone Drive your new home—where comfort, style, and convenience come together in perfect harmony!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Flooring Type: Engineered Wood, Carpet
  • Interior Amenities: Bathroom - Soaking Tub, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Carpet, Crown Moldings, Pantry, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1687
  • Living Area Sq Ft: 1687
  • Price Per Sq Ft: 352.70
  • Above Grade Finished Sq Ft: 1687
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 248

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry
  • Exterior Features: Bbq Grill, Lawn Sprinkler, Outside Shower, Sidewalks, Tennis Court(s), Street Lights, Water Fountains, Underground Lawn Sprinkler
  • Roof: Metal, Architectural Shingle
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Unassigned
  • Garage Features: Basement Garage, Garage Door Opener
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage, Parking Lot, Off Street
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Intercom, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 715.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Billiard Room, Club House, Dog Park, Exercise Room, Fitness Center, Library, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Tennis Courts
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash, Water
  • HOA Name: TERRAZZA COMMUNITY ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Other Fees: 500.00
  • Other Fees Frequency: One Time
  • 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

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: R-50
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2025
  • Zoning: R-50
  • Zoning Description: RESIDENTIAL

Building Info

  • Builder Name: Cornerstone Communities

Rental Info

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

Tax Info

  • School Tax: 4664.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6942.00
  • Assessor Parcel Number: 30-00-01721-34
  • Tax Lot: 015-000
  • Tax Total Finished Sq Ft: 1687
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 03/31/2025

MLS Schools

  • School District Name: MARPLE NEWTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2008
Sold by
Cornerstone Newtown Square Associates Lp
Bought by
Caulfield Jean M
Current Estimated Value
$610,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 $524,770 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,000 New Conventional
Closed $428,000 New Conventional
Closed $417,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $611,014 +2.7% $362 / Sq Ft
02/15/2025 02/15/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $595,000 -- $353 / 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 $6,438 $386,840 $86,670 $300,170
2024 $6,438 $386,840 $86,670 $300,170
2023 $6,235 $386,840 $86,670 $300,170
2022 $6,098 $386,840 $86,670 $300,170
2021 $9,323 $386,840 $86,670 $300,170
2020 $8,392 $305,941 $118,760 $187,181
2019 $8,259 $305,941 $118,760 $187,181
2018 $8,169 $305,941 $0 $0
2017 $8,142 $305,941 $0 $0
2016 $1,679 $305,941 $0 $0
2015 $1,713 $305,941 $0 $0
2014 $1,713 $305,941 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2083570

Bright MLS

APN: 30-00-01721-34