NOT LISTED FOR SALE

40 Founders Way Downingtown, PA 19335

Estimated Value: $1,024,000 - $1,248,000

4 Beds
2.5 Baths
4,475 Sq Ft
$251/Sq Ft Est. Value

Last Sold October 15, 2013

Last sale price $579,000 $129 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,027/month

Highlights

  • In Ground Pool
  • 1 Acre Lot
  • Deck
  • Shamona Creek Elementary School Rated A
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of October 2013

New carpet & freshly painted! Stately home in highly sought after Lakeridge Community! Some 1st floor features include: hardwood flooring, 2 story foyer entrance, formal living rm, stunning customized sunroom w/ tray ceiling, formal dining room, upgraded large bump out family room w/ cathedral vaulted ceilings, floor to ceiling stone hearth fireplace, oversized skylights & home office! Kitchen features corian & granite, cook island & customized 10X7 pantry with adjoining breakfast room. 2nd story features upstairs laundry, elegant arched balcony w/ views of Marsh Creek, large master bdrm, w/ 4 oversized closets, adjoining bonus rm & a "retreat" nook, plus 3 additional bedrms! Special bump out master bath features jacuzzi hot tub, make-up station & double vanity sink. Large private fenced backyard features deck, in-ground swimming pool w/ stone waterfall complete w/ pool house! Seller will provide $5000 flooring credit. Award winning Downingtown schools, STEM Academy & walking distance to elementary school.

Last Agent to Sell the Property

Bradford Hutchinson

(484) 678-4659 Brad@mrdowningtown.com RE/MAX Action Associates Listed on: 03/16/2013

RE/MAX Action Associates

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,603

Year Built

  • Built in 1998

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Back, Front, and Side Yard
  • Property is in good condition
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,475 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Bay Window
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Laundry on upper level

Kitchen

  • Butlers Pantry
  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2.5 Bathrooms
  • Walk-in Shower

Outdoor Features

  • In Ground Pool
  • Deck
  • Exterior Lighting
  • Shed
  • Play Equipment

Schools

  • Downington Middle School
  • Downingtown High School West Campus

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakeridge Subdivision

Listing and Financial Details

  • Tax Lot 0025.9800
  • Assessor Parcel Number 32-06 -0025.9800

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,603

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1998
  • Remarks Public: New carpet & freshly painted! Stately home in highly sought after Lakeridge Community! Some 1st floor features include: hardwood flooring, 2 story foyer entrance, formal living rm, stunning customized sunroom w/ tray ceiling, formal dining room, upgraded large bump out family room w/ cathedral vaulted ceilings, floor to ceiling stone hearth fireplace, oversized skylights & home office! Kitchen features corian & granite, cook island & customized 10X7 pantry with adjoining breakfast room. 2nd story features upstairs laundry, elegant arched balcony w/ views of Marsh Creek, large master bdrm, w/ 4 oversized closets, adjoining bonus rm & a "retreat" nook, plus 3 additional bedrms! Special bump out master bath features jacuzzi hot tub, make-up station & double vanity sink. Large private fenced backyard features deck, in-ground swimming pool w/ stone waterfall complete w/ pool house! Seller will provide $5000 flooring credit. Award winning Downingtown schools, STEM Academy & walking distance to elementary school.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Dishwasher, Disposal, Trash Compactor
  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Skylight(s), Ceiling Fan(s), Stall Shower, Dining Area
  • Window Features: Bay/Bow
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room Count: 10
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4475
  • Living Area Sq Ft: 4475
  • Net Sq Ft: 4475.00
  • Price Per Sq Ft: 128.49
  • Above Grade Finished Sq Ft: 4475
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Exterior Features: Play Equipment, Exterior Lighting
  • Pool Features: In Ground
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Private
  • 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
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: DOWNINGTOWN AREA
  • Middle School: DOWNINGTON
  • High School: DOWNINGTOWN HIGH SCHOOL WEST CAMPUS
  • School District Key: 300200397436
  • High School: DOWNINGTOWN HIGH SCHOOL WEST CAMPUS
  • Middle Or Junior School: DOWNINGTON

Lot Info

  • Improvement Assessed Value: 320660.00
  • Land Assessed Value: 77100.00
  • Land Use Code: R10
  • Lot Features: Level, Sloping, Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 1.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 280639
  • Tax Annual Amount: 10603.00
  • Assessor Parcel Number: 32-06 -0025.9800
  • Tax Lot: 0025.9800
  • Tax Year: 2013
  • Close Date: 10/15/2013

MLS Schools

  • School District Name: DOWNINGTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2013
Closed on
Oct 15, 2013
Sold by
Caruso John P and Caruso Betsy M
Bought by
Young Matthew T and Young Melanie G
Seller's Agent
Bradford Hutchinson
RE/MAX Action Associates
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$599,900
Sold Price
$579,000
Premium/Discount to List
-$20,900
-3.48%
Current Estimated Value
$1,121,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,077
Avg. Annual Appreciation
5.66%
Original Mortgage
$417,000
Outstanding Balance
$314,314
Interest Rate
4.58%
Mortgage Type
New Conventional
Estimated Equity
$806,763

Purchase Details

Closed on
Dec 5, 1995
Sold by
Lakeridge Lp
Bought by
Caruso John P and Caruso Betsy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.44%
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 Buyer Sale Price Title Company
Young Matthew T $579,000 None Available
Caruso John P $435,089 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Matthew T $417,000
Previous Owner Caruso John P $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2013 10/15/13 Sold $579,000 +0.7% $129 / Sq Ft
08/22/2013 08/22/13 Pending -- -- --
07/17/2013 07/17/13 Price Changed $575,000 -4.2% $128 / Sq Ft
03/10/2013 03/10/13 For Sale $599,900 -- $134 / 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 $13,007 $370,120 $77,100 $293,020
2024 $13,007 $370,120 $77,100 $293,020
2023 $12,637 $370,120 $77,100 $293,020
2022 $11,777 $353,560 $77,100 $276,460
2021 $11,585 $353,560 $77,100 $276,460
2020 $11,521 $353,560 $77,100 $276,460
2019 $11,521 $353,560 $77,100 $276,460
2018 $11,521 $353,560 $77,100 $276,460
2017 $11,521 $353,560 $77,100 $276,460
2016 $12,451 $327,450 $77,100 $250,350
2015 $12,451 $327,450 $77,100 $250,350
2014 $12,451 $327,450 $77,100 $250,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003369426

Bright MLS

APN: 32-006-0025.9800

Pennsylvania Chester County Downingtown 19335

40 Founders Way, Downingtown, PA

This home is located at 40 Founders Way, Downingtown, PA 19335 since 16 March 2013 and is currently estimated at $1,121,077, approximately $250 per square foot. This property was built in 1998. 40 Founders Way is a home located in Chester County with nearby schools including Shamona Creek Elementary School, Downingtown Middle School, and Downingtown High School West.

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