NOT LISTED FOR SALE

480 School Ln Wayne, PA 19087

Estimated Value: $1,284,806 - $1,487,000

5 Beds
2.5 Baths
3,685 Sq Ft
$372/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $1,017,500 $276 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $8,021/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Recreation Room
  • No HOA
  • New Eagle Elementary School Rated A+
  • 2 Fireplaces
  • Home Office

About This Home

As of July 2020

Meticulously maintained and completely move-in ready painted brick colonial on a level lot in a prime Wayne location with low property taxes. This magnificent property, expanded and renovated in 2012, offers five bedrooms, two full and one half bathrooms, 3,485 square feet of luxurious above grade living space, a partially finished basement, geothermal HVAC, and a stunning flagstone patio. The welcoming front entrance hall features a turned oak staircase with direct set balusters, extensive custom moldings, and beautiful hardwood floors. The family room has a fireplace flanked by custom built-ins, a triple window with transoms over top, and a four panel French patio door, also with transoms, overlooking the private rear yard. The gourmet kitchen features custom white cabinetry with inset doors, quartz countertop, stainless steel appliances including a Viking professional grade built-in refrigerator, handsome subway tile backsplash, center island with overhang, and adjacent breakfast nook. The first floor master suite has a large walk-in closet with custom organization system and spa like bathroom with heated Carrera marble floors, soaking tub, and spacious shower with frameless glass enclosure. Other first floor features include dining room with fireplace, office, powder room, and mudroom/laundry room with exposed brick wall, custom cubbies, tile floor with radiant heat, and mahogany door to covered exit. Upstairs you ll find four spacious bedrooms, a large hallway walk-in closet, and full hall bathroom with marble floor, double bowl vanity, and tub with subway tile surround. The lower level is partially finished adding some additional living space and also has an unfinished area currently being used for storage. Off the rear of the home is an expansive flagstone patio with stone knee wall and separate areas for dining and relaxation. The .43 acre fenced lot provides plenty of space for backyard activities and entertaining. This home is conveniently located minutes from the town of Wayne, walking distance to public transportation, all major commuter routes, shopping, dining, and is part of the top rated Tredyffrin Easttown School District. This is one you have to see!

Last Agent to Sell the Property

Brendan Reilly

(215) 510-2992 brendan@crescentrealestate.net Crescent Real Estate License #RM422357 Listed on: 03/04/2020

Last Buyer's Agent

Marybeth Bowman

(856) 904-8614 marybeth.bowman@foxroach.com BHHS Fox & Roach Wayne-Devon

BHHS Fox & Roach Wayne-Devon

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,668

Year Built

  • Built in 1951 | Remodeled in 2012

Lot Details

  • 0.43 Acre Lot
  • Property is in good condition
  • Property is zoned R2

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • 2 Fireplaces
  • Family Room
  • Breakfast Room
  • Dining Room
  • Home Office
  • Recreation Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Patio

Schools

  • New Eagle Elementary School
  • Valley Forge Middle School
  • Conestoga High School

Utilities

  • Forced Air Heating and Cooling System
  • Geothermal Heating and Cooling
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Shand Tract Subdivision

Listing and Financial Details

  • Tax Lot 0137
  • Assessor Parcel Number 43-11B-0137

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,668

Year Built

Built in 1951 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Window Treatments and Rods
  • Inclusions: Washer, Dryer, Refrigerator, and Flat Screen TV Mounts
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1951
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 2
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Breakfast Room, Laundry, Office, Recreation Room, Primary Bathroom
  • Basement: Yes
  • Basement Type: Full, Partially Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 3685
  • Living Area Sq Ft: 3685
  • Price Per Sq Ft: 301.29
  • Above Grade Finished Sq Ft: 3485
  • Below Grade Finished Sq Ft: 200
  • Total Below Grade Sq Ft: 200
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • 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: Driveway

Utilities

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

Condo/Co-op/Association

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

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: NEW EAGLE
  • High School: CONESTOGA
  • Middle Or Junior School: VALLEY FORGE

Green Features

  • Clean Green Assessed: No
  • Green Remarks: Geothermal HVAC

Lot Info

  • Improvement Assessed Value: 190750.00
  • Land Assessed Value: 91140.00
  • Lot Size Acres: 0.43
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 18546.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 322291
  • School Tax: 6731.00
  • Tax Annual Amount: 8668.00
  • Assessor Parcel Number: 43-11B-0137
  • Tax Lot: 0137
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: TREDYFFRIN-EASTTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
Jul 1, 2020
Sold by
Mundy William H and Mundy Melissa A
Bought by
Brinkmann Matthew and Brinkmann Lindsay
Seller's Agent
Brendan Reilly
Crescent Real Estate
Buyer's Agent
Marybeth Bowman
BHHS Fox & Roach Wayne-Devon
List Price
$1,050,000
Sold Price
$1,017,500
Premium/Discount to List
-$32,500
-3.1%
Current Estimated Value
$1,370,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,952
Avg. Annual Appreciation
5.56%
Original Mortgage
$510,400
Outstanding Balance
$360,608
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,009,844

Purchase Details

Listed on
Sep 26, 2013
Closed on
Nov 13, 2013
Sold by
Hubschmidt Randall S and Hubschmidt Linda M
Bought by
Mundy William H and Mundy Melissa A
Seller's Agent
Jeff Pendergast
Compass RE
Buyer's Agent
Kimberly Zampirri
RE/MAX Central - Blue Bell
List Price
$889,000
Sold Price
$860,000
Premium/Discount to List
-$29,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Original Mortgage
$417,000
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2004
Sold by
Russell Jane
Bought by
Hubschmidt Randall S and Hubschmidt Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,800
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brinkmann Matthew $1,017,500 Germantown Title Company
Mundy William H $860,000 None Available
Hubschmidt Randall S $341,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brinkmann Matthew $510,400
Previous Owner Mundy William H $417,000
Previous Owner Hubschmidt Randall S $272,800
Closed Hubschmidt Randall S $34,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2020 07/08/20 Sold $1,017,500 -3.1% $276 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $1,050,000 +22.1% $285 / Sq Ft
11/13/2013 11/13/13 Sold $860,000 -3.3% $286 / Sq Ft View Prior Sale
11/06/2013 11/06/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $889,000 -- $296 / 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 $10,338 $293,490 $91,140 $202,350
2024 $10,338 $293,490 $91,140 $202,350
2023 $9,327 $281,890 $91,140 $190,750
2022 $9,086 $281,890 $91,140 $190,750
2021 $8,913 $281,890 $91,140 $190,750
2020 $8,668 $281,890 $91,140 $190,750
2019 $8,394 $281,890 $91,140 $190,750
2018 $8,228 $281,890 $91,140 $190,750
2017 $8,031 $281,890 $91,140 $190,750
2016 -- $281,890 $91,140 $190,750
2015 -- $281,890 $91,140 $190,750
2014 -- $281,890 $91,140 $190,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT500750

Bright MLS

APN: 43-11B-0137.0000