505 Montgomery Ln Wayne, PA 19087
Saint Davids NeighborhoodEstimated payment $17,430/month
Total Views
10,088
6
Beds
5.5
Baths
6,496
Sq Ft
$439
Price per Sq Ft
Highlights
- Traditional Architecture
- 2 Fireplaces
- Sun or Florida Room
- Radnor El School Rated A+
- Bonus Room
- Workshop
About This Home
Designed by celebrated architect Frank Furness in 1878, Lainshaw was the childhood home of Robert Montgomery, who co-founded the investment firm Janney Montgomery Scott and built the Villanova estate, Ardrossan. Lainshaw was originally built for Robert’s father, William W. Montgomery. The home was named "Lainshaw" after Montgomery's Scottish roots.Architectural Heritage: Lainshaw showcases Furness's signature craftsmanship with preserved features like intricate moldings, original stair railings, and exquisite fireplaces. These historical elements are beautifully complemented by modern updates, including a gourmet kitchen with a spacious island, a redesigned office with custom cabinetry, and an open-concept family room that ensures seamless flow throughout the home. Other recent improvements include a new roof with copper gutters and downspouts, new insulation in the roof/ attic, repointed chimneys, low-maintenance Hardie-plank siding, new Pella windows throughout, a Lutron lighting automation system, extensive professional landscaping and outdoor lighting enhancements, multi-zone heating and cooling, and radiant heat flooring in kitchen, family room and primary baths.Elegant Design and Exceptional Features: Nine and ten-foot ceilings throughout invite an unexpected and welcome abundance of natural light through large windows. This six-bedroom home features five full bathrooms and one powder room, plus a cozy sunroom, butlers pantry (with original cabinetry), a billiards/media room, an upper level laundry room, and a luxurious primary suite offering two primary baths, both with heated floors for a spa-like retreat.Indoor-Outdoor Living: The private lot is enhanced by an the expansive stone patio complete with a wood-burning fireplace and hot tub, and surrounded by lush, established gardens. The side brick patio includes both covered and uncovered seating areas, and is accessible from the family room, dining room and living room. You’ll appreciate the easy indoor-outdoor flow for day-to-day living, and when entertaining a crowd. Lainshaw offers a unique opportunity to own a piece of Main Line history - and add your own chapters to its future!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,632
Year Built
- Built in 1878 | Remodeled in 2020
Lot Details
- 0.95 Acre Lot
- Landscaped
- Extensive Hardscape
- No Through Street
- Level Lot
- Property is in excellent condition
Parking
- 2 Car Detached Garage
- 4 Driveway Spaces
- Oversized Parking
- Parking Storage or Cabinetry
- Front Facing Garage
Home Design
- Traditional Architecture
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- HardiePlank Type
Interior Spaces
- 6,496 Sq Ft Home
- Property has 3 Levels
- 2 Fireplaces
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Den
- Bonus Room
- Workshop
- Sun or Florida Room
- Storage Room
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- En-Suite Primary Bedroom
Basement
- Exterior Basement Entry
- Workshop
Outdoor Features
- Exterior Lighting
Schools
- Radnor Middle School
- Radnor High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Hot Water Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 082-000
- Assessor Parcel Number 36-02-01246-03
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $17,505 | $865,790 | $283,460 | $582,330 |
| 2023 | $16,811 | $865,790 | $283,460 | $582,330 |
| 2022 | $16,628 | $865,790 | $283,460 | $582,330 |
| 2021 | $26,708 | $865,790 | $283,460 | $582,330 |
| 2020 | $18,408 | $529,150 | $145,630 | $383,520 |
| 2019 | $17,888 | $529,150 | $145,630 | $383,520 |
| 2018 | $17,537 | $529,150 | $0 | $0 |
| 2017 | $17,170 | $529,150 | $0 | $0 |
| 2016 | $2,904 | $529,150 | $0 | $0 |
| 2015 | $2,904 | $529,150 | $0 | $0 |
| 2014 | $2,904 | $529,150 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2025 05/10/25 | For Sale | $2,850,000 | +83.9% | $439 / Sq Ft |
| 07/24/2015 07/24/15 | Sold | $1,550,000 | -8.6% | $251 / Sq Ft |
| 06/27/2015 06/27/15 | Pending | -- | -- | -- |
| 05/08/2015 05/08/15 | For Sale | $1,695,000 | -- | $275 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,550,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $540,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,240,000 | New Conventional | |
| Previous Owner | $300,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Wayne, PA
Source: Bright MLS
MLS Number: PADE2089126
APN: 36-02-01246-03
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