NOT LISTED FOR SALE

338 Melvin Ave N Morrisville, PA 19067

Estimated Value: $378,000 - $432,000

3 Beds
2.5 Baths
1,660 Sq Ft
$243/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $342,000 $206 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,714/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Cul-De-Sac
  • Living Room
  • No HOA
  • Back and Side Yard
  • Laundry Room

About This Home

As of May 2023

Start making your Memorial Day barbecue guest list because there’s nothing to do but move in and enjoy this gorgeous end-unit townhome in Cambridge Estates! There are so many reasons to love this 3 bedroom, 2.5 bath townhome with a finished basement! Set on one of the largest lots in the neighborhood in the northern cul de sac, you will enjoy a usable front yard as well as the privacy and view of having your front door located on the side of the home. Welcome your guests into the foyer and wow them with gleaming hardwood floors in outstanding condition that extend into the open concept dining room and living room. You’ll enjoy spending countless hours in this cozy and inviting sun-drenched space which features a formal gas fireplace flanked on each side by a French door to the deck out back. The eat-in kitchen features a ceramic tile floor and stainless steel stove, range hood and sink. An updated powder room with a ceramic floor and pedestal sink, as well as a roomy coat closet, complete the first floor. Upstairs, you’ll find three good sized bedrooms, the laundry area and a full bath. There is fresh paint and new carpeting throughout the second floor. The master bedroom is generously sized and features a cathedral ceiling, access to an upper deck/balcony, walk-in closet and recently renovated master bathroom. Two additional bedrooms are also of good size and provide ample storage. The hall bath was recently remodeled as well and features a quartz countertop. There’s even more living space in the basement….and the possibilities are endless! The finished portion of the basement offers roughly 900 square feet of living space and features laminate flooring, storage closets and recessed lighting. A separate room has been left unfinished to use for storage and/or as a workshop. There’s plenty of space for your hobbies and your family and friends in this house! There’s even more space for activities on the deck and in the rear yard which also includes a shed. Cambridge Estates enjoys NO HOA FEES and has no homeowner’s association. Two parking spaces are designated directly in front of the townhome, and overflow parking is available in the parking lot. Conveniently located close to grocery stores, fast food and other specialty stores with quick and easy access to major arteries, mass transportation and regional rail lines for easy commuting and recreation. Come preview it today and make plans for a relaxing summer!

Last Agent to Sell the Property

Mariann Matarese

(215) 801-5350 mariannmatarese@gmail.com BHHS Fox & Roach -Yardley/Newtown License #RS300777 Listed on: 04/08/2023

BHHS Fox & Roach -Yardley/Newtown

Last Buyer's Agent

Mary Lemmon

(215) 499-3115 mlemmon@kw.com Keller Williams Realty Group License #RS362358

Keller Williams Realty Group

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,043

Year Built

  • Built in 1996

Lot Details

  • 6,318 Sq Ft Lot
  • Lot Dimensions are 73 x 188
  • Cul-De-Sac
  • Northeast Facing Home
  • No Through Street
  • Back and Side Yard

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,660 Sq Ft Home
  • Property has 2 Levels
  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Storage Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 081-022
  • Assessor Parcel Number 24-003-081-022

Community Details

Overview

  • No Home Owners Association
  • Cambridge Ests Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,043

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Arlo Pro security cameras, freezer in basement
  • Inclusions: Refrigerator, washer, dryer
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-04-08
  • Year Built: 1996
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Bedroom 1, Laundry, Storage Room, Full Bath
  • Basement: Yes
  • Basement Type: Full, Partially Finished
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1660
  • Living Area Sq Ft: 1660
  • Price Per Sq Ft: 177.71
  • Above Grade Finished Sq Ft: 1660
  • 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
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Irregular, Cul-De-Sac, Sideyard(s), Rear Yard, No Thru Street
  • Lot Size Acres: 0.15
  • Lot Dimensions: 73 x 188
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6318.00
  • Zoning: R2

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 5277.00
  • Tax Annual Amount: 7043.00
  • Assessor Parcel Number: 24-003-081-022
  • Tax Lot: 081-022
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MORRISVILLE BOROUGH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
May 19, 2023
Sold by
Yager Michael K and Yager Michelle
Bought by
Drapcho Gregory and Ackourey Jemeille
Seller's Agent
Mariann Matarese
BHHS Fox & Roach -Yardley/Newtown
Buyer's Agent
Mary Lemmon
Keller Williams Realty Group
List Price
$295,000
Sold Price
$342,000
Premium/Discount to List
$47,000
15.93%
Views
110
Current Estimated Value
$403,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,411
Avg. Annual Appreciation
6.97%
Original Mortgage
$273,600
Outstanding Balance
$265,992
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$137,419

Purchase Details

Closed on
May 28, 1996
Sold by
Elmtree Inc
Bought by
Burns Thomas J and Burns Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,736
Interest Rate
7.91%
Source: Public Records

Range of Values:

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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
Drapcho Gregory $342,000 Cross Keys Abstract & Assuranc
Burns Thomas J $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drapcho Gregory $273,600
Previous Owner Burns Thomas J $110,736
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $342,000 +15.9% $206 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $295,000 -- $178 / 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 $7,109 $22,080 $3,720 $18,360
2024 $7,109 $22,080 $3,720 $18,360
2023 $7,043 $22,080 $3,720 $18,360
2022 $6,889 $22,080 $3,720 $18,360
2021 $6,586 $22,080 $3,720 $18,360
2020 $6,450 $22,080 $3,720 $18,360
2019 $6,140 $22,080 $3,720 $18,360
2018 $6,012 $22,080 $3,720 $18,360
2017 $5,999 $22,080 $3,720 $18,360
2016 -- $22,080 $3,720 $18,360
2015 -- $22,080 $3,720 $18,360
2014 -- $22,080 $3,720 $18,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2046658

Bright MLS

APN: 24-003-081-022