NOT LISTED FOR SALE

501 Chestnut Ln Wayne, PA 19087

Estimated Value: $1,475,942 - $1,575,000

6 Beds
4.5 Baths
3,126 Sq Ft
$488/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $900,000 $288 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $9,445/month

49 Days on Market

Highlights

  • Second Kitchen
  • Dual Staircase
  • Traditional Floor Plan
  • Wayne Elementary School Rated A+
  • Colonial Architecture
  • Wood Flooring

About This Home

As of March 2021

Welcome to 501 Chestnut Lane in North Wayne, Radnor Township. This beautiful 6 Bedroom, 4 1/2 Bath home is coming to market for the first time in 42 years, making this a rare opportunity to own a truly classic Center hall Colonial in a most desirable Walk-to-Wayne location. The main level of this gracious home features beautiful hardwood floors throughout, a spacious living room with fireplace & french doors to the inviting side porch, a welcoming dining room with built-in corner cabinet, a sunny kitchen with a writing nook, and a cozy breakfast room with a wet bar. A well-situated powder room and back stairs complete the first floor. The second level boasts a spacious master bedroom with warm hardwood floors and an en-suite bath, 4 additional bedrooms, one with a second kitchen with stove and refrigerator, and two full hall bathrooms. A large hall cedar closet rounds out the second level The third level features a lovely sixth bedroom with gabled ceilings and full bath. The full, finished lower level adds loads of additional living space, and there is a large storage room as well. There are plenty of ways to enjoy the outdoors on the back patio or covered side porch. The home features 2-zone heat and air conditioning, and a 1 year Home Warranty is being offered by the Seller. This home is an incredible opportunity to live in an amazing location close to dining, shops, the train, the library, public transportation, major roadways, and all that North Wayne has to offer!

Last Agent to Sell the Property

Debi Sugarman

(610) 416-8108 debi.sugarman@compass.com Compass RE License #RS209536L Listed on: 12/10/2020

Compass RE

Last Buyer's Agent

Meg Searing

(610) 608-4229 meg.searing@foxroach.com BHHS Fox & Roach-Rosemont

BHHS Fox & Roach-Rosemont

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,734

Year Built

  • Built in 1927

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 155.00 x 90.00
  • Corner Lot
  • Front and Side Yard
  • Property is in very good condition

Parking

  • 2 Car Direct Access Garage
  • 3 Driveway Spaces
  • Oversized Parking
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,126 Sq Ft Home
  • Property has 2 Levels
  • Traditional Floor Plan
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace Mantel
  • Brick Fireplace
  • Window Treatments
  • Formal Dining Room
  • Flood Lights
  • Dryer

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Built-In Range
  • Stove
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Bathroom
  • Cedar Closet
  • Walk-In Closet
  • Bathtub with Shower

Partially Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Schools

  • Wayne Elementary School
  • Radnor M Middle School
  • Radnor H High School

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Community Details

  • No Home Owners Association
  • North Wayne Subdivision

Listing and Financial Details

  • Tax Lot 007-000
  • Assessor Parcel Number 36-01-00210-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,734

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer, Kitchen & 2nd Floor Refrigerators
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1927
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Range, Dishwasher, Disposal, Extra Refrigerator/Freezer, Oven - Self Cleaning, Oven - Single, Oven - Wall, Stove, Dryer, Water Heater, Built-In Microwave
  • Flooring Type: Hardwood
  • Interior Amenities: 2nd Kitchen, Additional Stairway, Cedar Closet(s), Crown Moldings, Floor Plan - Traditional, Formal/Separate Dining Room, Primary Bath(s), Recessed Lighting, Tub Shower, Walk-In Closet(s), Wood Floors, Chair Railings, Built-Ins, Carpet, Kitchen - Eat-In, Upgraded Countertops, Window Treatments
  • Fireplace Features: Brick, Mantel(s), Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Partially Finished, Outside Entrance, Full, Heated, Interior Access
  • Laundry Type: Basement
  • Total Sq Ft: 3126
  • Living Area Sq Ft: 3126
  • Price Per Sq Ft: 303.90
  • Above Grade Finished Sq Ft: 3126
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 4.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Exterior Lighting, Flood Lights, Street Lights
  • Roof: Shingle
  • 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
  • Parking Features: Asphalt Driveway, Paved Driveway
  • Garage Features: Garage - Front Entry, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, 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: WAYNE
  • High School: RADNOR H
  • Middle Or Junior School: RADNOR M

Lot Info

  • Lot Features: Corner, Front Yard, Sideyard(s)
  • Lot Size Acres: 0.32
  • Lot Dimensions: 155.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13950.00
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 8405.00
  • Tax Annual Amount: 11734.00
  • Assessor Parcel Number: 36-01-00210-00
  • Tax Lot: 007-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: RADNOR TOWNSHIP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Mar 12, 2021
Sold by
Higgins James C and Higgins Ida Marie
Bought by
Orourke Patrick and Orourke Elena
Seller's Agent
Debi Sugarman
Compass RE
Buyer's Agent
Meg Searing
BHHS Fox & Roach-Rosemont
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Current Estimated Value
$1,524,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$624,236
Avg. Annual Appreciation
11.55%
Original Mortgage
$720,000
Outstanding Balance
$648,662
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$875,574

Purchase Details

Closed on
Dec 26, 1978
Sold by
Shaw Thomas E and Shaw Margaret
Bought by
Higgins James C and Ida Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Orourke Patrick $900,000 None Available
Higgins James C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orourke Patrick $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $900,000 -5.3% $288 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/11/2021 01/11/21 Price Changed $950,000 -4.9% $304 / Sq Ft
12/21/2020 12/21/20 Price Changed $999,000 -9.2% $320 / Sq Ft
12/10/2020 12/10/20 For Sale $1,100,000 -- $352 / 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 $17,794 $880,080 $265,490 $614,590
2024 $17,794 $880,080 $265,490 $614,590
2023 $17,088 $880,080 $265,490 $614,590
2022 $16,902 $880,080 $265,490 $614,590
2021 $27,149 $880,080 $265,490 $614,590
2020 $11,734 $337,320 $131,760 $205,560
2019 $11,403 $337,320 $131,760 $205,560
2018 $11,180 $337,320 $0 $0
2017 $10,946 $337,320 $0 $0
2016 $1,851 $337,320 $0 $0
2015 $1,889 $337,320 $0 $0
2014 $1,889 $337,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE536498

Bright MLS

APN: 36-01-00210-00