NOT LISTED FOR SALE

251 Municipal Rd Erwinna, PA 18920

Estimated Value: $2,443,000 - $4,150,000

5 Beds
5 Baths
10,976 Sq Ft
$276/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $1,800,000 $164 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $17,915/month

Highlights

  • Private Pool
  • 8.95 Acre Lot
  • Colonial Architecture
  • Waterfront
  • Creek or Stream View
  • Wooded Lot

About This Home

As of April 2021

AMAZING OPPORTUNITY TO OWN A ONE OF A KIND HOME IN THE COUNTRY. This Zaveta built home is a brilliant reproduction of a stately Bucks County Colonial Manor of more than 15,000 square feet, quietly situated on over 8 acres. Sure to please the discerning buyer. Briar Rose is a private and unique Bucks County home located approximately 80 miles from Philadelphia, and 100 miles from New York City. Close to Doylestown, Peddlers Village, New Hope, and French Town offering plenty of restaurants and shopping. Overlooking the Tinicum Creek, the home features stunning mill work throughout with curved archways that create a sense of old-world craftsmanship. The design, is well planned-out, creating first floor living as an option. The grand living room features arched window walls, high ceilings, and views of the stone patios and cutting gardens. The impressive foyer branches to the library and dining room. The impeccable chefs kitchen of this stately home features abundant counter space, a large island and a breakfast breakfront featuring 1 of the 7 fireplaces throughout. The lavish first floor master bedroom and bath feature walls of light and tub-side fireplace. The second level boasts multiple bedrooms and baths , offering ample accommodations for the family and guests. Featured on the lower level is an upscale wine room offering space for 2,200 bottles. The state-of-the-art home theater flows to a conversation area offering two fireplaces and a desirable entertainment bar. The lower level offers access to the blue stone patio overlooking featuring an outdoor kitchen and spa pool with infinity edge that looks out at the creek below. Briar Rose is well equipped with a security system offering 9 surveillance cameras and features a whole house generator and an elevator. Adjacent to the expansive 3 car garage, is a separate home featuring a full bath that has potential for a guest house or supply enough space for a serious work-out room, artist studio or workshop. Briar Rose is a magnificent, stunning, custom masterpiece surrounded in a bucolic setting; the uniqueness of this home's design truly must be seen to be appreciated!

Last Agent to Sell the Property

Michael Korkus

(610) 587-6876 mkorkus@korkus.com Coldwell Banker Realty License #AB048189 Listed on: 05/13/2019

Coldwell Banker Realty

Co-Listed By

Jocelyn Schermerhorn

(215) 768-2315 jocelynshome@gmail.com Coldwell Banker Realty License #RS341642

Last Buyer's Agent

Kelly Ann Crounse

(609) 306-7347 kellyanncrounse@gmail.com Coldwell Banker Residential Brokerage-Princeton Jct License #1435915

Coldwell Banker Residential Brokerage-Princeton Jct

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,704

Year Built

  • Built in 2002

Lot Details

  • 8.95 Acre Lot
  • Waterfront
  • Creek or Stream
  • Landscaped
  • Irregular Lot
  • Sloped Lot
  • Wooded Lot
  • Property is zoned RA

Parking

  • 3 Car Direct Access Garage
  • 4 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Manor Architecture
  • Frame Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 10,976 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • 7 Fireplaces
  • Living Room
  • Dining Room
  • Library
  • Creek or Stream Views
  • Basement Fills Entire Space Under The House
  • Surveillance System
  • Attic

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Private Pool
  • Water Access
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Bottled Gas
  • Back Up Gas Heat Pump System
  • 200+ Amp Service
  • Well
  • Bottled Gas Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Dark Hollow Subdivision

Listing and Financial Details

  • Tax Lot 024-004
  • Assessor Parcel Number 44-014-024-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,704

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Manor, Colonial
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Remarks Public: AMAZING OPPORTUNITY TO OWN A ONE OF A KIND HOME IN THE COUNTRY. This Zaveta built home is a brilliant reproduction of a stately Bucks County Colonial Manor of more than 15,000 square feet, quietly situated on over 8 acres. Sure to please the discerning buyer. Briar Rose is a private and unique Bucks County home located approximately 80 miles from Philadelphia, and 100 miles from New York City. Close to Doylestown, Peddlers Village, New Hope, and French Town offering plenty of restaurants and shopping. Overlooking the Tinicum Creek, the home features stunning mill work throughout with curved archways that create a sense of old-world craftsmanship. The design, is well planned-out, creating first floor living as an option. The grand living room features arched window walls, high ceilings, and views of the stone patios and cutting gardens. The impressive foyer branches to the library and dining room. The impeccable chefs kitchen of this stately home features abundant counter space, a large island and a breakfast breakfront featuring 1 of the 7 fireplaces throughout. The lavish first floor master bedroom and bath feature walls of light and tub-side fireplace. The second level boasts multiple bedrooms and baths , offering ample accommodations for the family and guests. Featured on the lower level is an upscale wine room offering space for 2,200 bottles. The state-of-the-art home theater flows to a conversation area offering two fireplaces and a desirable entertainment bar. The lower level offers access to the blue stone patio overlooking featuring an outdoor kitchen and spa pool with infinity edge that looks out at the creek below. Briar Rose is well equipped with a security system offering 9 surveillance cameras and features a whole house generator and an elevator. Adjacent to the expansive 3 car garage, is a separate home featuring a full bath that has potential for a guest house or supply enough space for a serious work-out room, artist studio or workshop. Briar Rose is a magnificent, stunning, custom masterpiece surrounded in a bucolic setting; the uniqueness of this home's design truly must be seen to be appreciated!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Carpet, Hardwood, Tile/Brick
  • Fireplaces Count: 7
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Cathedral Ceilings
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Library, Bedroom 1, Media Room, Attic, Primary Bathroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 10976
  • Living Area Sq Ft: 10976
  • Price Per Sq Ft: 177.66
  • Above Grade Finished Sq Ft: 10976
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 251

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Shingle, Pitched
  • View: Creek/Stream
  • Water Access: Yes
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 4
  • Garage Features: Inside Access
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Bottled Gas
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Type: Forced Air, Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Bottled Gas, Propane
  • Security: Surveillance Sys
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: PALISADES
  • School District Key: 300200397129
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 164040.00
  • Land Assessed Value: 15240.00
  • Land Use Code: 1050
  • Lot Features: Irregular, Landscaping, Sloping, Trees/Wooded
  • Lot Size Acres: 8.95
  • Lot Dimensions: Irregular
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 389644.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2020
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 182014
  • School Tax: 20617.00
  • Tax Annual Amount: 26704.00
  • Assessor Parcel Number: 44-014-024-004
  • Tax Lot: 024-004
  • Tax Total Finished Sq Ft: 10976
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/23/2021

MLS Schools

  • School District Name: PALISADES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Apr 23, 2021
Sold by
Koestler Thomas and Koestler Patricia
Bought by
Franzone Andrew L and Franzone Mari Anne
Seller's Agent
Michael Korkus
Coldwell Banker Realty
Buyer's Agent
Kelly Ann Crounse
Coldwell Banker Residential Brokerage-Princeton Jct
List Price
$1,950,000
Sold Price
$1,800,000
Premium/Discount to List
-$150,000
-7.69%
Current Estimated Value
$3,029,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,229,186
Avg. Annual Appreciation
10.87%
Original Mortgage
$120,000
Outstanding Balance
$109,821
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$2,727,106

Purchase Details

Closed on
Oct 16, 2009
Sold by
Burke Patricia A and Burke Michael T
Bought by
Koestler Thomas and Koestler Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,785,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2007
Sold by
Burke Michael T and Burke Patricia A
Bought by
Burke Michael T and Burke Patricia A

Purchase Details

Closed on
May 5, 2000
Sold by
Brown Barbra
Bought by
Burke Michael T and Burke Patricia A
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
Franzone Andrew L $1,800,000 First Amer Ttl Guaranty Co
Koestler Thomas $2,550,000 None Available
Burke Michael T -- None Available
Burke Michael T $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franzone Andrew L $120,000
Previous Owner Koestler Thomas $1,785,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $1,800,000 -7.7% $164 / Sq Ft
03/26/2021 03/26/21 For Sale $1,950,000 0.0% $178 / Sq Ft
03/03/2021 03/03/21 Price Changed $1,950,000 0.0% $178 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
09/08/2020 09/08/20 Price Changed $1,950,000 +5.4% $178 / Sq Ft
11/15/2019 11/15/19 Price Changed $1,850,000 -17.8% $169 / Sq Ft
09/19/2019 09/19/19 Price Changed $2,250,000 -4.3% $205 / Sq Ft
06/13/2019 06/13/19 Price Changed $2,350,000 -9.4% $214 / Sq Ft
05/13/2019 05/13/19 For Sale $2,595,000 -- $236 / 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 $23,014 $149,740 $15,240 $134,500
2024 $23,014 $149,740 $15,240 $134,500
2023 $22,714 $149,740 $15,240 $134,500
2022 $22,454 $149,740 $15,240 $134,500
2021 $26,704 $179,280 $15,240 $164,040
2020 $26,704 $179,280 $15,240 $164,040
2019 $26,399 $179,280 $15,240 $164,040
2018 $26,220 $179,280 $15,240 $164,040
2017 $25,806 $179,280 $15,240 $164,040
2016 $25,806 $179,280 $15,240 $164,040
2015 -- $179,280 $15,240 $164,040
2014 -- $179,280 $15,240 $164,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU468544

Bright MLS

APN: 44-014-024-004