NOT LISTED FOR SALE

503 Springbrook Ln Wayne, PA 19087

Estimated Value: $677,862 - $756,000

3 Beds
2.5 Baths
2,528 Sq Ft
$285/Sq Ft Est. Value

Last Sold November 26, 2019

Last sale price $440,000 $174 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,516/month

110 Days on Market

Highlights

  • Gourmet Kitchen
  • Colonial Architecture
  • Breakfast Area or Nook
  • Roberts Elementary School Rated A
  • Deck
  • Porch

About This Home

As of November 2019

Looking for a great alternative to traditional townhome living in a wonderful Wayne location? Come visit 503 Springbrook Lane! This brick townhome, located on a quiet cul-de-sac street with a cluster of only 9 homes, looks and lives like a single family home. Features include 2,028 square feet of above grade living space, 3 bedrooms, 2 full and 1 half bathroom, a 1-car garage with inside access, walkout finished basement, composite deck off the dining room, and a paver patio leading to a level fenced-in rear yard. A two-story foyer with hardwood floors welcomes you. A cased opening leads to a spacious family room with hardwood floors and gas fireplace with brick surround. Off the other side of the foyer is a formal living room with bay window overlooking the covered front porch. The recently renovated gourmet kitchen features cherry cabinets, stainless steel appliances, granite countertop, breakfast bar overhang with seating, and porcelain tile floor. Adjacent to the kitchen is a dining area with a slider to the private rear deck overlooking the scenic environs. Upstairs you ll find the master bedroom suite complete with a recently renovated bathroom featuring a custom wood double bowl vanity, shower with floor to ceiling tile and frameless glass enclosure, luxurious soaking tub with ceramic tile and listello accents, and a ceramic tile floor. Two additional bedrooms with ample closet space and a full hall bathroom complete the second level. The walkout basement was finished by the current owners and includes a recreation area, den, and unfinished area ideal for storage. Other recent improvements include new roof (approx. 2010), HVAC (approx.. 2010), new hot water heater, 400 sq ft paver patio, sodded rear yard, and composite deck with steps to grade. This home is conveniently located to all major commuter routes, the King of Prussia Town Center, Wegmans, the King of Prussia Mall, great dining options, and the town of Wayne.

Last Agent to Sell the Property

Brendan Reilly

(215) 510-2992 brendan@crescentrealestate.net Crescent Real Estate License #RM422357 Listed on: 06/27/2019

Last Buyer's Agent

Catherine Lowry

(484) 431-5821 catherine.lowry@foxroach.com BHHS Fox & Roach Wayne-Devon

BHHS Fox & Roach Wayne-Devon

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1988

Lot Details

  • 3,598 Sq Ft Lot
  • Lot Dimensions are 58.00 x 0.00
  • Property is in good condition

HOA Fees

  • $260 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Masonry

Interior Spaces

  • Property has 2 Levels
  • Chair Railings
  • Recessed Lighting
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Roberts Elementary School
  • Upper Merion Middle School
  • Upper Merion High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • Association fees include water, trash, snow removal, common area maintenance
  • Springbrook Lane HOA

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 58-00-17496-023

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,072

Year Built

Built in 1988

Lot Details

0

HOA Fees

$260 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer, and Refrigerator
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Breakfast Area, Chair Railings, Dining Area, Kitchen - Gourmet, Recessed Lighting
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: Yes
  • Basement Type: Full, Walkout Level, Partially Finished
  • Total Sq Ft: 2528
  • Living Area Sq Ft: 2528
  • Price Per Sq Ft: 221.84
  • Above Grade Finished Sq Ft: 2028
  • Below Grade Finished Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • 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
  • Construction Materials: Masonry, Brick
  • Roof: Architectural Shingle
  • 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, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 260.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Water, Trash, Snow Removal, Common Area Maintenance
  • HOA Name: SPRINGBROOK LANE HOA
  • HOA: Yes
  • 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: ROBERTS
  • High School: UPPER MERION
  • Middle Or Junior School: UPPER MERION

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 58.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3598.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 829432
  • School Tax: 3897.00
  • Tax Annual Amount: 5072.00
  • Assessor Parcel Number: 58-00-17496-023
  • Tax Lot: 105
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: Yes
  • Tax Year: 2020

MLS Schools

  • School District Name: UPPER MERION AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Nov 15, 2019
Sold by
Blickwedel Roy and Ingersoll Agnes H
Bought by
Arena Vincent C and Arena Barbara D
Seller's Agent
Brendan Reilly
Crescent Real Estate
Buyer's Agent
Catherine Lowry
BHHS Fox & Roach Wayne-Devon
List Price
$465,000
Sold Price
$440,000
Premium/Discount to List
-$25,000
-5.38%
Current Estimated Value
$721,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,466
Avg. Annual Appreciation
8.43%

Purchase Details

Listed on
Jul 8, 2015
Closed on
Jan 27, 2016
Sold by
Wattis Mary G
Bought by
Ingersoll Agnes H and Blickwedel Roy
Seller's Agent
Nancy Groff
BHHS Fox & Roach Wayne-Devon
Buyer's Agent
Betsy Ingersoll
BHHS Fox & Roach Wayne-Devon
List Price
$365,000
Sold Price
$330,000
Premium/Discount to List
-$35,000
-9.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$215,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 1996
Sold by
Davis Julia N and Gougeon Pamela N
Bought by
Wattis Mary G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Arena Vincent C $440,000 None Available
Ingersoll Agnes H $330,000 None Available
Wattis Mary G $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ingersoll Agnes H $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2019 11/26/19 Sold $440,000 -2.2% $174 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $449,900 -3.2% $178 / Sq Ft
09/04/2019 09/04/19 For Sale $465,000 +5.7% $184 / Sq Ft
08/19/2019 08/19/19 Off Market $440,000 -- --
06/27/2019 06/27/19 For Sale $465,000 +40.9% $184 / Sq Ft
02/02/2016 02/02/16 Sold $330,000 -2.8% $163 / Sq Ft View Prior Sale
11/09/2015 11/09/15 Pending -- -- --
10/28/2015 10/28/15 Price Changed $339,500 -2.9% $167 / Sq Ft
09/03/2015 09/03/15 Price Changed $349,500 -4.2% $172 / Sq Ft
07/08/2015 07/08/15 For Sale $365,000 -- $180 / 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 $5,793 $188,000 -- --
2024 $5,793 $188,000 -- --
2023 $5,588 $188,000 $0 $0
2022 $5,349 $188,000 $0 $0
2021 $5,184 $188,000 $0 $0
2020 $4,953 $188,000 $0 $0
2019 $4,869 $188,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC615950

Bright MLS

APN: 58-00-17496-023