40 Ridgeview Rd Newtown Square, PA 19073
Newtown Square NeighborhoodEstimated Value: $739,000 - $782,000
4
Beds
3.5
Baths
3,800
Sq Ft
$199/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Colonial Architecture
- Premium Lot
- Rose Tree Elementary School Rated A
- Property is near a park
- Backs to Trees or Woods
About This Home
As of July 2022Showings begin at Open House Saturday, May 14th at 1pm.
Welcome to the Reserve at Springton Woods built by the Cutler Group and located within Runnymeade Farms developed by CF Holloway and Co. This is a turn-key lifestyle where you enjoy the feeling of country yet you are close in to retail, major routes and the Philadelphia International Airport. RSW is a desirable community offering many amenities but most popular are the tennis courts and swimming pool. Ridley Creek Park a nature reserve with walking trails is around the corner.
A perimeter, premium lot purchased by the now, original owner, was chosen because this location is the ONLY cul de sac in The Reserve and is enhanced by woods and greenery behind.
Enter to an open floor plan with approximately 20 ft ceiling Foyer flanked by Living room with wall to wall carpeting and formal Dining Room with Bay Window and hardwood floors. This dramatic entrance way is also accented by hardwood floors and a turned staircase. Walk thru to the marble, fireside Great Room again with soaring ceilings, walls of windows creating sun filled spaces and an atrium door to an oversized deck. A fully equipped, Center Island Kitchen features a newer dishwasher, microwave, gas cooktop/oven and corian countertops. From the inviting Breakfast area one can watch and enjoy the changing seasons of the private woodlands. Powder Room, Laundry and 2 car garage access complete the first floor plan.
The Primary Bedroom with new carpeting features a tray ceiling, enormous walk-in closet and cathedral ceiling, neutral Bath with 2x vanity sink, custom mirror/medicine chests, oversized skylight, water closet, stall shower and soaking tub.
Additional Bedrooms 2 and 3 are light and bright with neutral carpeting ,one with attic access and generous storage.
The Daylight Lower Level with appx. 12’ ceilings offers outside access, a window seat with storage below, bookcase and is finished into a Den with room for an Office/Exercise Room etc.
Utilities, 2 large Storage areas, Bedroom #4 and a full, stall shower Bath complete the lower level.
Hardwood floors, crown moldings, chair rail, recessed lights, and high ceilings many of which were upgrades when this home was built, further enhance this home’s wonderful appearance.
If you are looking for Au pair or in law accommodations, this is it!
Last Agent to Sell the Property
RE/MAX Preferred - Newtown Square License #RA132521 Listed on: 05/11/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,017
Year Built
- Built in 1998
Lot Details
- 6,098 Sq Ft Lot
- Backs To Open Common Area
- Cul-De-Sac
- No Through Street
- Premium Lot
- Backs to Trees or Woods
- Back and Front Yard
- Property is zoned R-10
HOA Fees
- $227 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- 6 Driveway Spaces
- Front Facing Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Poured Concrete
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 3,800 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Skylights
- Recessed Lighting
- 1 Fireplace
- Family Room Off Kitchen
- Combination Kitchen and Living
- Formal Dining Room
Kitchen
- Breakfast Area or Nook
- Kitchen Island
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
- Bathtub with Shower
- Walk-in Shower
Partially Finished Basement
- Walk-Out Basement
- Exterior Basement Entry
- Shelving
- Basement with some natural light
Schools
- Penncrest High School
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Additional Features
- Exterior Lighting
- Property is near a park
Listing and Financial Details
- Assessor Parcel Number 19-00-00325-66
Community Details
Overview
- $1,075 Capital Contribution Fee
- Association fees include common area maintenance, lawn maintenance, management, pool(s), road maintenance, trash
- Reserve At Springton Woods HOA
- Built by Cutler
- Reserve@Springton Subdivision
- Property Manager
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2022
Closed on
Jul 6, 2022
Sold by
Masterson Richard K
Bought by
Benner Steven M and Benner Anna
Seller's Agent
Karen McFadden
RE/MAX Preferred - Newtown Square
Buyer's Agent
Andrew Addy
Keller Williams Real Estate -Exton
List Price
$699,900
Sold Price
$570,000
Premium/Discount to List
-$129,900
-18.56%
Total Days on Market
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,501
Avg. Annual Appreciation
9.16%
Original Mortgage
$513,000
Outstanding Balance
$492,087
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$242,190
Purchase Details
Closed on
Jan 21, 1998
Sold by
The Cutler Group Inc
Bought by
Masterson Richard K and Masterson Mary Louise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.02%
Similar Homes in Newtown Square, PA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Benner Steven M | $570,000 | None Listed On Document | |
| Masterson Richard K | $350,337 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Benner Steven M | $513,000 | |
| Previous Owner | Masterson Richard K | $186,400 | |
| Previous Owner | Masterson Richard K | $177,328 | |
| Previous Owner | Masterson Richard K | $100,000 | |
| Previous Owner | Masterson Richard K | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2022 07/15/22 | Sold | $570,000 | -18.6% | $150 / Sq Ft |
| 06/13/2022 06/13/22 | Pending | -- | -- | -- |
| 05/11/2022 05/11/22 | For Sale | $699,900 | -- | $184 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,623 | $508,770 | $132,830 | $375,940 |
| 2023 | $9,276 | $508,770 | $132,830 | $375,940 |
| 2022 | $9,017 | $508,770 | $132,830 | $375,940 |
| 2021 | $15,518 | $508,770 | $132,830 | $375,940 |
| 2020 | $10,752 | $328,600 | $91,830 | $236,770 |
| 2019 | $10,535 | $328,600 | $91,830 | $236,770 |
| 2018 | $10,386 | $328,600 | $0 | $0 |
| 2017 | $10,123 | $328,600 | $0 | $0 |
| 2016 | $1,840 | $328,600 | $0 | $0 |
| 2015 | $1,840 | $328,600 | $0 | $0 |
| 2014 | $1,840 | $328,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Karen McFadden
Seller's Agent in 2022
Karen McFadden
RE/MAX
(610) 420-3761
6 in this area
19 Total Sales
-
Andrew Addy
Buyer's Agent in 2022
Andrew Addy
Keller Williams Real Estate -Exton
(610) 405-4075
1 in this area
71 Total Sales
Map
Source: Bright MLS
MLS Number: PADE2023080
APN: 19-00-00325-66
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