NOT LISTED FOR SALE

493 School Ln Wayne, PA 19087

Estimated Value: $809,000 - $917,000

3 Beds
2.5 Baths
2,328 Sq Ft
$365/Sq Ft Est. Value

Last Sold July 24, 2023

Last sale price $750,000 $322 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,941/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Den
  • New Eagle Elementary School Rated A+
  • No HOA
  • Patio

About This Home

As of July 2023

This is the one you’ve been looking for in the highly desirable town of Wayne and the Tredyffrin-Easttown School District - with the added bonus of LOW taxes! Experience easy living from a walkable location to the train, shopping, restaurants, park, the library, and more. 493 School Lane is a traditional Main Line stone colonial situated on a lovely, fully fenced corner property. The front entry welcomes you and guests into the living room to the right and dining room to the left. Abundant natural light, a wall of built-in cabinetry, recessed lights, and a cozy brick-surround fireplace are highlights of the living room. Through the glass paneled door is more living space to cater to any homeowner’s needs, allowing space for a playroom, office, or exercise area. The bright and cheery dining room is open to the kitchen so it naturally creates a good entertaining flow. The kitchen features vaulted ceilings, recessed lights, a large and functional island, plenty of counterspace, and a custom built-in breakfast nook with storage benches. Completing the first floor is a powder room and access to the functional basement used for storage and laundry. Upstairs are 3 spacious bedrooms and 2 full baths. The sunlit primary bedroom suite includes 2 roomy wardrobes, a 3rd generous closet, and an en-suite bath with glass-enclosed shower. The secondary bedrooms offer two corner windows and good closet space, and share a hall full bath. You’ll appreciate beautiful hardwood floors throughout the home, replacement windows, and central air on the second floor. The expansive backyard oasis will have you never wanting to leave home. The large level yard is perfect for throwing a ball around and playing lots of outdoor games, while the paver patio is a great spot to string some lights and set up some chairs around a firepit. The setting calls for endless summer nights with family and friends under the stars, as well as quiet evenings all to yourself. Recent improvements to the home include a new fence that wraps around the property including across the driveway, a newer driveway, replacement windows, a newer dishwasher, washer, and dryer, and recently updated landscaping. The location of the home is fantastic. Drive through the neighborhood you will see plenty of people riding bikes, pushing strollers, and furry friends taking their owners out for a walk. It’s just minutes to major highways, the train (35 min to Philadelphia), the huge shopping complexes of the King of Prussia Town Center and Mall, the charming downtown Wayne area with boutique shops, coffee houses, bars, and restaurants, a historic movie theater, and so many other things that make it the quintessential all-American hometown. Up the road is the historic Devon Horse Show, Valley Forge Park, the Chester Valley Trail for hiking and biking, the popular Martins Dam Swim Club and so much more. The Wayne Business Association sponsors events throughout the year such as the Music Festival, Fall Festival, Santa’s parade and tree lighting, 4th of July Parade and many other community events. Completing this home are the consistently top-ranked and award-winning public schools as well as easy access to dozens of prestigious private schools and universities. Don’t miss your opportunity to make this lovingly cared for residence your own!

Last Agent to Sell the Property

Sarah Forti

(610) 986-7170 sarah@fortihomes.com Keller Williams Realty Devon-Wayne License #RS296153 Listed on: 06/07/2023

Keller Williams Realty Devon-Wayne

Last Buyer's Agent

Christine Chodkowski

(267) 237-6906 chris.chodkowski@compass.com Compass RE License #RS324209

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 1951

Lot Details

  • 0.35 Acre Lot
  • West Facing Home
  • Property is Fully Fenced
  • Wood Fence
  • Corner Lot
  • Property is zoned R2

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Non-Functioning Fireplace
  • Replacement Windows
  • Living Room
  • Dining Room
  • Den

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • Private Parking

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • Shand Tract Subdivision

Listing and Financial Details

  • Tax Lot 0105
  • Assessor Parcel Number 43-11B-0105

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,557

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • Exclusions: Swing set
  • Inclusions: Refrigerator, washer, dryer
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2023-06-08
  • Year Built: 1951
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Window Features: Replacement
  • Fireplace Features: Non-Functioning
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Stone
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Den, Bedroom 1
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 4315
  • Living Area Sq Ft: 2328
  • Price Per Sq Ft: 364.87
  • Above Grade Finished Sq Ft: 1987
  • Above Grade Unfinished Sq Ft: 1987
  • Below Grade Finished Sq Ft: 341
  • Total Below Grade Sq Ft: 341
  • 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: Vinyl Siding, Brick, Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Private
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Wall Unit
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Fencing: Fully, Wood
  • Lot Features: Corner
  • Lot Size Acres: 0.35
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15456.00
  • Outdoor Living Structures: Patio(s)
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 4342.00
  • Tax Annual Amount: 5557.00
  • Assessor Parcel Number: 43-11B-0105
  • Tax Lot: 0105
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: TREDYFFRIN-EASTTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jul 13, 2023
Sold by
Lively Peter
Bought by
Macneill Gina M
Seller's Agent
Sarah Forti
Keller Williams Realty Devon-Wayne
Buyer's Agent
Christine Chodkowski
Compass RE
List Price
$799,900
Sold Price
$750,000
Premium/Discount to List
-$49,900
-6.24%
Views
118
Current Estimated Value
$849,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,031
Avg. Annual Appreciation
5.24%
Original Mortgage
$400,000
Outstanding Balance
$390,316
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$458,716

Purchase Details

Listed on
Mar 27, 2013
Closed on
Jun 17, 2013
Bought by
Lively Peter and Lively Erin
Seller's Agent
Amy Roach
Compass RE
Buyer's Agent
Sarah Forti
Keller Williams Realty Devon-Wayne
List Price
$509,000
Sold Price
$505,000
Premium/Discount to List
-$4,000
-0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%

Purchase Details

Closed on
Jan 11, 2007
Sold by
Durkin Ryan and Barron Jennifer
Bought by
Surgent Kathrine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2002
Sold by
Dirocco Thomas A and Dirocco Mary Lynn
Bought by
Rotter Brian and Rotter Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.25%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Brown Joyce Ann
Bought by
Dirocco Thomas A and Dirocco Mary Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,300
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Macneill Gina M $750,000 None Listed On Document
Lively Peter $505,000 --
Surgent Kathrine G $400,000 None Available
Rotter Brian $315,000 --
Dirocco Thomas A $189,000 T A Title Insurance Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macneill Gina M $400,000
Previous Owner Surgent Kathrine G $100,000
Previous Owner Rotter Brian $252,000
Previous Owner Dirocco Thomas A $199,300
Closed Rotter Brian $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2023 07/24/23 Sold $750,000 +3.4% $322 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $725,000 -9.4% $311 / Sq Ft
06/07/2023 06/07/23 For Sale $799,900 +58.4% $344 / Sq Ft
05/29/2013 05/29/13 Sold $505,000 -0.8% $336 / Sq Ft View Prior Sale
04/26/2013 04/26/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $509,000 -- $339 / 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 $5,915 $167,940 $87,270 $80,670
2024 $5,915 $167,940 $87,270 $80,670
2023 $5,557 $167,940 $87,270 $80,670
2022 $5,413 $167,940 $87,270 $80,670
2021 $5,310 $167,940 $87,270 $80,670
2020 $5,164 $167,940 $87,270 $80,670
2019 $5,001 $167,940 $87,270 $80,670
2018 $4,902 $167,940 $87,270 $80,670
2017 $4,785 $167,940 $87,270 $80,670
2016 -- $167,940 $87,270 $80,670
2015 -- $167,940 $87,270 $80,670
2014 -- $167,940 $87,270 $80,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2046528

Bright MLS

APN: 43-11B-0105.0000