NOT LISTED FOR SALE

40 W Mechanic St Unit 4 New Hope, PA 18938

Estimated Value: $1,688,000 - $2,100,000

3 Beds
3.5 Baths
4,040 Sq Ft
$477/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $1,220,000 $302 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $11,783/month

Highlights

  • Gourmet Kitchen
  • Colonial Architecture
  • Wood Flooring
  • New Hope-Solebury Upper Elementary School Rated A
  • Traditional Floor Plan
  • 5-minute walk to Delaware Canal State Park

About This Home

As of December 2020

Old world meets contemporary in the heart of New Hope. The year was 2010. A local builder and his architect were meticulously executing on an exclusive enclave of townhomes in the heart of New Hope, called Canal Street. The site was a stone's throw from the historic Logan Inn, and the original ferry landing that shuttled Tories and Patriots alike across the Delaware hundreds of years before. Fast forward another few hundred years to a little hotel that also stood at the site, where a soon-to-be President John F. Kennedy and First Lady Jackie chose to stay in New Hope on their way to the White House. A dream location no doubt, but the development team faced a bit of a dilemma. The original plan was to clear the site, saving both time and money, had it not been for one soulful bank home that had stood the test of time. The development team recognized old world quality and charm when they saw it. The original bones and craftmanship would be hard to replicate. Hand hewn beams, two-foot-thick stone walls, mortise and tenon joinery. It was all there, just too good to tear down. Their solution -- and your opportunity to own a piece of history! -- was to make it the centerpiece of their restoration project. Many have since attributed this community as the beginning of New Hope's renaissance and the making of the Boro as one of Bucks County's most desirable places to live. Even today, it still feels secluded, but so conveniently located steps away from the new bustling Ferry Market, Bucks County Playhouse and the Unionville Winery, as well as familiar culinary favorites Zoubi's and Karla's Restaurant. Welcome to 40 W. Mechanic Street, New Hope! This 3,830 square foot mint-condition townhouse is one of the largest units in the community featuring two large porch areas off the main and 2nd levels, three ample sized bedrooms all en suite, a Chef's kitchen featuring Sub-Zero and DCS appliances, large wood-burning fireplace (a feature of just a few Canal Street homes), Kolbe &Kolbe doors and windows, zoned heating, PEX plumbing, Kohler fixtures, abundant storage on all levels (including a secure wine storage room) and a 2-car garage plus assigned guest parking. This beautiful home offers the best of both worlds, all the creature comforts and luxuries you would expect in a like new, move in ready residence, combined with that old-world home for the holidays feeling all year long! Please be sure to take in the video as it best shows the floor plan and features of the home.

Last Agent to Sell the Property

Diane Johnston

(610) 662-7105 djohnston4@aol.com Corcoran Sawyer Smith License #RS177270L Listed on: 09/19/2020

Last Buyer's Agent

Lauren Mauro Mellon

(215) 534-6135 laurenmellon@kw.com Addison Wolfe Real Estate License #1971265

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,730

Year Built

  • Built in 2010

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction
  • Wood Roof

Interior Spaces

  • Property has 4 Levels
  • Traditional Floor Plan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Formal Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Gourmet Kitchen
  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Wine Rack
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Washer
  • Gas Dryer

Eco-Friendly Details

  • Energy-Efficient Appliances

Schools

  • New Hope-Solebury Elementary And Middle School
  • New Hope-Solebury High School

Utilities

  • Forced Air Heating and Cooling System
  • Air Filtration System
  • Heating System Powered By Leased Propane
  • High-Efficiency Water Heater
  • Water Conditioner is Owned

Listing and Financial Details

  • Tax Lot 085-004
  • Assessor Parcel Number 27-010-085-004

Community Details

Overview

  • $1,000 Capital Contribution Fee
  • Association fees include common area maintenance, snow removal, insurance, trash, exterior building maintenance, lawn maintenance
  • Canal Street Subdivision

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,730

Year Built

Built in 2010

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Condominium
  • Exclusions: TV between Kitchen and Great Room
  • Historic: No
  • Home Warranty: No
  • Inclusions: Washer, Dryer, Refrigerator
  • New Construction: No
  • Story List: Main
  • Year Built: 2010
  • Automatically Close On Close Date: No
  • Remarks Public: Old world meets contemporary in the heart of New Hope. The year was 2010. A local builder and his architect were meticulously executing on an exclusive enclave of townhomes in the heart of New Hope, called Canal Street. The site was a stone's throw from the historic Logan Inn, and the original ferry landing that shuttled Tories and Patriots alike across the Delaware hundreds of years before. Fast forward another few hundred years to a little hotel that also stood at the site, where a soon-to-be President John F. Kennedy and First Lady Jackie chose to stay in New Hope on their way to the White House. A dream location no doubt, but the development team faced a bit of a dilemma. The original plan was to clear the site, saving both time and money, had it not been for one soulful bank home that had stood the test of time. The development team recognized old world quality and charm when they saw it. The original bones and craftmanship would be hard to replicate. Hand hewn beams, two-foot-thick stone walls, mortise and tenon joinery. It was all there, just too good to tear down. Their solution -- and your opportunity to own a piece of history! -- was to make it the centerpiece of their restoration project. Many have since attributed this community as the beginning of New Hope's renaissance and the making of the Boro as one of Bucks County's most desirable places to live. Even today, it still feels secluded, but so conveniently located steps away from the new bustling Ferry Market, Bucks County Playhouse and the Unionville Winery, as well as familiar culinary favorites Zoubi's and Karla's Restaurant. Welcome to 40 W. Mechanic Street, New Hope! This 3,830 square foot mint-condition townhouse is one of the largest units in the community featuring two large porch areas off the main and 2nd levels, three ample sized bedrooms all en suite, a Chef's kitchen featuring Sub-Zero and DCS appliances, large wood-burning fireplace (a feature of just a few Canal Street homes), Kolbe &Kolbe doors and windows, zoned heating, PEX plumbing, Kohler fixtures, abundant storage on all levels (including a secure wine storage room) and a 2-car garage plus assigned guest parking. This beautiful home offers the best of both worlds, all the creature comforts and luxuries you would expect in a like new, move in ready residence, combined with that old-world home for the holidays feeling all year long! Please be sure to take in the video as it best shows the floor plan and features of the home.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Range, Cooktop, Dishwasher, Disposal, Dryer - Gas, Energy Efficient Appliances, Microwave, Oven - Double, Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Six Burner Stove, Stainless Steel Appliances, Washer, Water Conditioner - Owned, Water Heater - High-Efficiency
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Air Filter System, Built-Ins, Ceiling Fan(s), Crown Moldings, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Sprinkler System, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wine Storage, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 4
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4040
  • Living Area Sq Ft: 4040
  • Price Per Sq Ft: 392.52
  • Above Grade Finished Sq Ft: 3210
  • Below Grade Finished Sq Ft: 830
  • Total Below Grade Sq Ft: 830
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 40

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Roof: Wood
  • 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
  • Garage Features: Garage - Rear Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 400.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Snow Removal, Insurance, Trash, Ext Bldg Maint, Lawn Maintenance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1000.00

Schools

  • School District: NEW HOPE-SOLEBURY
  • Elementary School: NEW HOPE-SOLEBURY
  • Middle School: NEW HOPE-SOLEBURY
  • High School: NEW HOPE-SOLEBURY
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200397328
  • School District Source: 3rd Party
  • Elementary School: NEW HOPE-SOLEBURY
  • High School: NEW HOPE-SOLEBURY
  • Middle Or Junior School: NEW HOPE-SOLEBURY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 95200.00
  • Land Use Code: 1013
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: CONDO

Rental Info

  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5823010
  • School Tax: 9996.00
  • Tax Annual Amount: 13730.00
  • Assessor Parcel Number: 27-010-085-004
  • Tax Lot: 085-004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/21/2020

MLS Schools

  • School District Name: NEW HOPE-SOLEBURY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Dec 21, 2020
Sold by
Wilson Robert N
Bought by
Schuck Brady Jordan and Schuck Jennifer Carrino
Seller's Agent
Diane Johnston
Corcoran Sawyer Smith
Buyer's Agent
Lauren Mauro Mellon
Addison Wolfe Real Estate
List Price
$1,350,000
Sold Price
$1,220,000
Premium/Discount to List
-$130,000
-9.63%
Current Estimated Value
$1,926,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$706,223
Avg. Annual Appreciation
9.39%
Original Mortgage
$732,000
Outstanding Balance
$657,705
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,212,711

Purchase Details

Closed on
Jan 9, 2018
Sold by
28 Mechanic St Investors Lp
Bought by
Bucks County Water & Sewar Authority

Purchase Details

Closed on
Nov 19, 2010
Sold by
28 W Mechanic St Investors L P
Bought by
Wilson Robert N
Source: Public Records

Range of Values:

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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
Schuck Brady Jordan $1,220,000 Tohickon Settlement Svcs Inc
Bucks County Water & Sewar Authority -- None Available
Wilson Robert N $1,195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuck Brady Jordan $732,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $1,220,000 -3.2% $302 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
11/04/2020 11/04/20 Price Changed $1,260,000 -6.7% $312 / Sq Ft
10/30/2020 10/30/20 For Sale $1,350,000 +10.7% $334 / Sq Ft
10/29/2020 10/29/20 Off Market $1,220,000 -- --
09/19/2020 09/19/20 For Sale $1,350,000 -- $334 / 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 $14,531 $95,200 -- $95,200
2024 $14,531 $95,200 $0 $95,200
2023 $14,133 $95,200 $0 $95,200
2022 $14,030 $95,200 $0 $95,200
2021 $13,730 $95,200 $0 $95,200
2020 $13,477 $95,200 $0 $95,200
2019 $13,162 $95,200 $0 $95,200
2018 $12,939 $95,200 $0 $95,200
2017 $12,463 $95,200 $0 $95,200
2016 $12,463 $95,200 $0 $95,200
2015 -- $95,200 $0 $95,200
2014 -- $95,200 $0 $95,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU506908

Bright MLS

APN: 27-010-085-004