Seller's Agent in 2025
Sue Fitzgerald
Compass RE
(610) 209-9238
1 in this area
84 Total Sales
505 Montgomery Ln Wayne, PA 19087
Saint Davids Neighborhood
6
Beds
5.5
Baths
6,496
Sq Ft
0.95
Acres
Highlights
- Traditional Architecture
- 2 Fireplaces
- Sun or Florida Room
- Radnor El School Rated A+
- Bonus Room
- Workshop
About This Home
As of June 2025Designed 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!
Last Agent to Sell the Property
(610) 209-9238 susan.fitzgerald@compass.com Compass RE Listed on: 05/10/2025
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2025
Closed on
Jun 27, 2025
Sold by
Hermans Katherine E and Hermans Paul B
Bought by
Ulstrup Caroline and Ulstrup Christian
Seller's Agent
Sue Fitzgerald
Compass RE
Buyer's Agent
Lavinia Smerconish
Compass RE
List Price
$2,850,000
Sold Price
$2,625,000
Premium/Discount to List
-$225,000
-7.89%
Views
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,106
Avg. Annual Appreciation
2.23%
Original Mortgage
$750,000
Outstanding Balance
$744,834
Interest Rate
6.01%
Mortgage Type
New Conventional
Estimated Equity
$1,895,272
Purchase Details
Listed on
May 8, 2015
Closed on
Jul 10, 2015
Sold by
Foster William K and Whitney Lisa C
Bought by
Hermans Katherine E and Hermans Paul B
Seller's Agent
Barbara Cranford
BHHS Fox & Roach-Haverford
Buyer's Agent
Mike Holoka
Long & Foster Real Estate, Inc.
List Price
$1,695,000
Sold Price
$1,550,000
Premium/Discount to List
-$145,000
-8.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$1,240,000
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 21, 2014
Sold by
Whitney Lisa C
Bought by
Foster William K and Whitney Lisa C
Purchase Details
Closed on
Mar 15, 2004
Sold by
Foster William K and Whitney Lisa C
Bought by
Whitney Lisa C
Purchase Details
Closed on
May 26, 1997
Sold by
Frazier John E and Frazier Pamela T
Bought by
Foster William K and Whitney Lisa C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.97%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,625,000 | None Listed On Document | |
| Deed | $2,625,000 | None Listed On Document | |
| 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 | $750,000 | New Conventional | |
| Closed | $750,000 | New Conventional | |
| Previous Owner | $1,240,000 | New Conventional | |
| Previous Owner | $300,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $2,625,000 | -7.9% | $404 / Sq Ft | |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- | |
| 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 | View Prior Sale |
| 06/27/2015 06/27/15 | Pending | -- | -- | -- | |
| 05/08/2015 05/08/15 | For Sale | $1,695,000 | -- | $275 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $17,505 | $865,790 | $283,460 | $582,330 |
| 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
Agents Affiliated with this Home
-
Sue Fitzgerald
-
Lavinia Smerconish
Buyer's Agent in 2025
Lavinia Smerconish
Compass RE
(610) 615-5400
10 in this area
372 Total Sales
-
Barbara Cranford
Seller's Agent in 2015
Barbara Cranford
BHHS Fox & Roach
(610) 999-5095
1 in this area
25 Total Sales
-
Robin Pew
Seller Co-Listing Agent in 2015
Robin Pew
BHHS Fox & Roach
(610) 420-2900
20 Total Sales
-
M
Buyer's Agent in 2015
Mike Holoka
Long & Foster
Map
Source: Bright MLS
MLS Number: PADE2089126
APN: 36-02-01246-03
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