NOT LISTED FOR SALE

Estimated Value: $765,000 - $1,336,000

3 Beds
2.5 Baths
3,900 Sq Ft
$280/Sq Ft Est. Value

Last Sold September 22, 2017

Last sale price $750,000 $192 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $7,298/month

1,085 Days on Market

Highlights

  • Built in 2014 | Newly Remodeled
  • Colonial Architecture
  • Attic
  • Welsh Valley Middle School Rated A+
  • Wood Flooring
  • 4-minute walk to Gladwyne Park

About This Home

As of September 2017

The Drake a new construction single home in Gladwyne Commons in the Lower Merion School District. The 2,600 square foot home has 3 bedrooms, 2 baths, full basement & attached 2-car side-entry garage. Gladwyne Commons is a unique blend of historic renovations & new construction in 1 of the historic overlay districts in the village of Gladwyne. It is 1 of 8 units in the project resting on 3.02 acres.The Drake has been designed to blend w/surrounding historic homes while incorporating the best new construction craftsmanship & features. The covered front porch entry w/standing seam roof is the perfect place to relax. The lst floor plan is open w/ 9' ceilings & sight lines through the living room, dining room & kitchen. The kitchen is light & bright w/ 42" wall cabinets, 6 burner gas range, center island, granite countertops & pantry. The large living room w/ gas fireplace & spacious dining room are ideal for entertaining. The mudroom entry from the garage has extra storage, a built-in bench & a powder room. An optional elevator is available or leave the area as is for use as storage rooms on the lst & 2nd floors. The master bedroom has a tray ceiling, sitting area, walk-in closet & private bath w/ double bowl vanity, granite countertop, tile floor, tub & separate shower w/ tile surround. Two additional bedrooms, one with a walk-in closet, a laundry room and a hall bath, also with double vanity, complete the 2nd floor. A deck is included. Buyers will have the option to finish the full basement by contract in a form best suited to the Buyer's needs. The Drake is part of the Gladwyne Commons Condo. Assn. that includes common area maintenance, lawn maintenance, snow & trash removal. Enjoy the walk-to proximity of the village of Gladwyne w/ convenient banking, shopping, dining, recreation & easy access to public transportation & commuting routes. The 14-acre Gladwyne Park is a short walk away w/ lots of space to enjoy nature, visit play areas & ball fields & meet neighbors. All of this, only 20 minutes from downtown Philadelphia. Main Line reBUILD specializes in adaptive re-use: the renovation & restoration of old, treasured buildings for a new purpose, residential homes. Saving the historic buildings of the Main Line & converting them to new one-of-a-kind new homes preserves the heritage of our neighborhoods & encourages appreciation of fine craftsmanship that melds past & present. Note: Agent is related to seller. Photos are of a similar home

Last Agent to Sell the Property

Craig Brand

(610) 675-6809 craig@craigandmac.com BHHS Fox & Roach-Haverford License #RS229008 Listed on: 09/04/2014

BHHS Fox & Roach-Haverford

Last Buyer's Agent

Leslie Wildstein

(215) 870-3838 ldwild702@gmail.com Compass RE

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,691

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • 131,551 Sq Ft Lot
  • North Facing Home
  • Level Lot
  • Open Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is in excellent condition
  • Property is zoned R5

HOA Fees

  • $356 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Stone Siding
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Skylights
  • Marble Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Home Security System
  • Laundry on upper level
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Self-Cleaning Double Oven
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 2.5 Bathrooms

Unfinished Basement

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

Outdoor Features

  • Patio
  • Porch

Schools

  • Gladwyne Elementary School
  • Welsh Valley Middle School
  • Harriton Senior High School

Utilities

  • Central Air
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Association fees include common area maintenance, lawn maintenance, snow removal, trash
  • $1,500 Other One-Time Fees
  • The Drake
  • Drake Community

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number 40-00-49844-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,691

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

HOA Fees

$356 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Year Built: 2014
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Oven - Wall, Oven - Double, Oven - Self Cleaning, Dishwasher, Refrigerator, Disposal, Built-In Microwave
  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Skylight(s), Sprinkler System, Kitchen - Eat-In
  • Fireplace Features: Marble
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Center Hall
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Upper Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 3900
  • Living Area Sq Ft: 3900
  • Net Sq Ft: 2600.00
  • Price Per Sq Ft: 305.77
  • Above Grade Finished Sq Ft: 2600
  • Below Grade Finished Sq Ft: 1300
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco, Wood Siding, Stone
  • Access To Pool: No
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 355.75
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 1500.00
  • Other Fees Frequency: One Time

Schools

  • Elementary School: GLADWYNE
  • High School: HARRITON SENIOR
  • Middle Or Junior School: WELSH VALLEY

Lot Info

  • Lot Features: Level, Open, Front Yard, Rear Yard
  • Lot Size Acres: 0.06
  • Lot Dimensions: 284
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 131551.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Attached Yn: Yes
  • Property Condition: Excellent
  • Zoning: R5

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4691.00
  • Assessor Parcel Number: 40-00-49844-012
  • Tax Lot: 001
  • Tax Year: 2017

MLS Schools

  • School District Name: LOWER MERION

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2020
Sold by
Erlbaum Elisabeth
Bought by
Mcnown Emily Erlbaum
Current Estimated Value
$1,093,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Sep 4, 2014
Closed on
Sep 22, 2017
Sold by
318 Righters Mill Llc
Bought by
Erlbaum Elisabeth
Seller's Agent
Craig Brand
BHHS Fox & Roach-Haverford
Buyer's Agent
Leslie Wildstein
Compass RE
List Price
$1,150,000
Sold Price
$750,000
Premium/Discount to List
-$400,000
-34.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Sep 11, 2015
Sold by
318 Righters Mill Llc
Bought by
318 Righters Mill Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcnown Emily Erlbaum $750,000 None Available
Erlbaum Elisabeth $750,000 --
318 Righters Mill Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnown Emily Erlbaum $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2017 09/22/17 Sold $750,000 -5.7% $192 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
04/13/2017 04/13/17 Price Changed $795,000 -16.3% $204 / Sq Ft
11/16/2016 11/16/16 Price Changed $950,000 -17.4% $244 / Sq Ft
09/10/2015 09/10/15 For Sale $1,150,000 +53.3% $295 / Sq Ft
09/04/2015 09/04/15 Off Market $750,000 -- --
09/04/2014 09/04/14 For Sale $1,150,000 -- $295 / 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 $14,505 $347,340 -- --
2024 $14,505 $347,340 -- --
2023 $13,901 $347,340 $0 $0
2022 $13,643 $347,340 $0 $0
2021 $13,333 $347,340 $0 $0
2020 $13,007 $347,340 $0 $0
2019 $12,083 $328,470 $0 $0
2018 $12,083 $328,470 $0 $0
2017 $4,603 $129,910 $0 $0
2016 $4,552 $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000457973

Bright MLS

APN: 40-00-49844-018