$275,000
SOLD APR 22, 2025

505 Fernwood Ave Folsom, PA 19033

4 Beds
2 Baths
3,647 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$75 Per Sq Ft

9 Days on Market

Highlights

  • Second Kitchen
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Curved or Spiral Staircase
  • Recreation Room
  • Attic

About This Home

As of April 2025

Investor alert: This home will require significant rehab! Chance to flip a 3600 sqft home in FOLSOM! This expanded cape has the original house set up as in-law quarters, a large family room, two full kitchens, a main floor bedroom and bath, an attached garage, and driveway parking for two cars. This home is being sold as is; the estate will make no repairs or modifications.

Last Agent to Sell the Property

Dan Hayden

Springer Realty Group Listed on: 03/16/2025

Springer Realty Group

Last Buyer's Agent

Greg Veturys

Keller Williams Real Estate - Media License #RS332719

Keller Williams Real Estate - Media

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Northeast Facing Home
  • Vinyl Fence

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Cape Cod Architecture
  • Fixer Upper
  • Shingle Roof
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,647 Sq Ft Home
  • Property has 2 Levels
  • Curved or Spiral Staircase
  • Dual Staircase
  • 1 Fireplace
  • Family Room Off Kitchen
  • Recreation Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Second Kitchen
  • Attic

Bedrooms and Bathrooms

  • In-Law or Guest Suite

Schools

  • Ridley Middle School
  • Ridley High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Heating System
  • Above Ground Utilities
  • 100 Amp Service
  • Oil Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Folsom Subdivision

Listing and Financial Details

  • Tax Lot 019-000
  • Assessor Parcel Number 38-03-00467-00

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Investor alert: This home will require significant rehab! Chance to flip a 3600 sqft home in FOLSOM! This expanded cape has the original house set up as in-law quarters, a large family room, two full kitchens, a main floor bedroom and bath, an attached garage, and driveway parking for two cars. This home is being sold as is; the estate will make no repairs or modifications.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: 2nd Kitchen, Additional Stairway, Attic, Entry Level Bedroom, Family Room Off Kitchen, Spiral Staircase
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Kitchen, Family Room, In-Law/AuPair/Suite, Recreation Room
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3647
  • Living Area Sq Ft: 3647
  • Price Per Sq Ft: 75.38
  • Above Grade Finished Sq Ft: 3647
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Asphalt, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Cable Tv, Natural Gas Available, Phone
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: RIDLEY
  • Middle School: RIDLEY
  • High School: RIDLEY
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397359
  • School District Source: Listing Agent
  • High School: RIDLEY
  • Middle Or Junior School: RIDLEY

Lot Info

  • Horses: No
  • Fencing: Vinyl
  • Land Use Code: R-10
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2025
  • Zoning: R

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 8460.00
  • Tax Annual Amount: 11282.00
  • Assessor Parcel Number: 38-03-00467-00
  • Tax Lot: 019-000
  • Tax Total Finished Sq Ft: 3647
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/22/2025

MLS Schools

  • School District Name: RIDLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2025
Closed on
Apr 22, 2025
Sold by
Gallagher Neil E and Gallagher John A
Bought by
J & T Investments Llc
Seller's Agent
Dan Hayden
Springer Realty Group
Buyer's Agent
Greg Veturys
Keller Williams Real Estate - Media
List Price
$274,900
Sold Price
$275,000
Premium/Discount to List
$100
0.04%
Views
170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.14%
Original Mortgage
$307,455
Outstanding Balance
$207,227
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$92,911

Purchase Details

Closed on
Sep 24, 2007
Sold by
Gallagher Neil E and Gallagher Loretta H
Bought by
Gallagher Neil E

Purchase Details

Closed on
Jul 7, 1994
Sold by
Capozzoli Michael and Capozzoli Ralph
Bought by
Gallagher Neil E and Gallagher Loretta H

Purchase Details

Closed on
Mar 4, 1994
Sold by
Steward Charles C and Steward Annette
Bought by
Capozzoli Michael and Capozzoli Ralph
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $275,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed $118,500 T A Title Insurance Company
Deed $139,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $307,455 Construction
Previous Owner $88,697 New Conventional
Previous Owner $107,500 New Conventional
Previous Owner $103,227 Unknown
Previous Owner $175,000 Credit Line Revolving
Previous Owner $26,453 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $499,900 +81.8% $137 / Sq Ft
04/22/2025 04/22/25 Sold $275,000 0.0% $75 / Sq Ft
03/16/2025 03/16/25 For Sale $274,900 -- $75 / 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 $10,496 $302,290 $55,370 $246,920
2024 $10,496 $302,290 $55,370 $246,920
2023 $10,039 $302,290 $55,370 $246,920
2022 $9,717 $302,290 $55,370 $246,920
2021 $15,043 $302,290 $55,370 $246,920
2020 $7,452 $131,920 $33,230 $98,690
2019 $7,316 $131,920 $33,230 $98,690
2018 $7,225 $131,920 $0 $0
2017 $7,225 $131,920 $0 $0
2016 $739 $131,920 $0 $0
2015 $739 $131,920 $0 $0
2014 $739 $131,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2086058

Bright MLS

APN: 38-03-00467-00