NOT LISTED FOR SALE

516 Fountain Farm Ln Unit 516 Newtown, PA 18940

Estimated Value: $367,030

2 Beds
2 Baths
1,050 Sq Ft
$235/mo HOA Fee

Last Sold November 14, 2018

Last sale price $223,000 $212 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,435/month

Highlights

  • Active Adult
  • Tennis Courts
  • Eat-In Kitchen
  • Colonial Architecture
  • Porch
  • Bay Window

About This Home

As of November 2018

Rarely offered first floor 2 bedroom, 2 full bath condominium in The Quarters section of Newtown Gate conveniently located off of the Newtown Bypass and convenient to the Summit Square shopping center; private covered porch entry which looks out on a wooded open area; entry area has a double coat closet and opens to the living room; the dining room and eat in kitchen are just off of the living room; the hallway has a laundry closet, storage closet and utility closet; the hall bath features a stall shower; the large master bedroom has a bay window and a walk in closet along with a full bath with tub/shower; the home has central air, gas heat and gas cooking; plenty of parking; tennis courts and a playground area are some of the common area features; condominium regulations do not allow dogs - only one indoor cat

Last Agent to Sell the Property

Daniel McCloskey

(215) 669-8333 McCloskeyRemax@gmail.com RE/MAX Properties - Newtown License #AB050673L Listed on: 09/10/2018

RE/MAX Properties - Newtown

Last Buyer's Agent

Joe Venuto

(215) 378-1910 joevenutojr@gmail.com Venuto Real Estate Brokerage LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1997

HOA Fees

  • $235 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level
  • Bay Window
  • Living Room
  • Dining Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Schools

  • Newtown Middle School
  • Council Rock High School North

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Property is in good condition

Listing and Financial Details

  • Tax Lot 183-516
  • Assessor Parcel Number 29-047-183-516

Community Details

Overview

  • Active Adult
  • Association fees include common area maintenance
  • Newtown Gate Subdivision

Recreation

  • Tennis Courts
  • Community Playground

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,838

Year Built

Built in 1997

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1997
  • Remarks Public: Rarely offered first floor 2 bedroom, 2 full bath condominium in The Quarters section of Newtown Gate conveniently located off of the Newtown Bypass and convenient to the Summit Square shopping center; private covered porch entry which looks out on a wooded open area; entry area has a double coat closet and opens to the living room; the dining room and eat in kitchen are just off of the living room; the hallway has a laundry closet, storage closet and utility closet; the hall bath features a stall shower; the large master bedroom has a bay window and a walk in closet along with a full bath with tub/shower; the home has central air, gas heat and gas cooking; plenty of parking; tennis courts and a playground area are some of the common area features; condominium regulations do not allow dogs - only one indoor cat
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal
  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Eat-In
  • Window Features: Bay/Bow
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Slab
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Street Number Modifier: 516

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Vinyl Siding, Brick
  • Roof: 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: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 235.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: Yes

Schools

  • School District: COUNCIL ROCK
  • Middle School: NEWTOWN
  • High School: COUNCIL ROCK HIGH SCHOOL NORTH
  • School District Key: 300200397420
  • High School: COUNCIL ROCK HIGH SCHOOL NORTH
  • Middle Or Junior School: NEWTOWN

Lot Info

  • Improvement Assessed Value: 18600.00
  • Land Use Code: 1013
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 137905
  • Tax Annual Amount: 2838.00
  • Assessor Parcel Number: 29-047-183-516
  • Tax Lot: 183-516
  • Tax Year: 2018
  • Close Date: 11/14/2018

MLS Schools

  • School District Name: COUNCIL ROCK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2018
Closed on
Nov 14, 2018
Sold by
Derderian Robert S
Bought by
Gaylord Leon and Gaylord Edith
Seller's Agent
Daniel McCloskey
RE/MAX Properties - Newtown
Buyer's Agent
Joe Venuto
Venuto Real Estate Brokerage LLC
List Price
$229,900
Sold Price
$223,000
Premium/Discount to List
-$6,900
-3%
Current Estimated Value
$367,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,030
Avg. Annual Appreciation
7.42%
Original Mortgage
$178,400
Outstanding Balance
$156,546
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$210,484

Purchase Details

Closed on
Dec 4, 2007
Sold by
Gee Paula I
Bought by
Derderian Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2006
Sold by
Sweetwood Helen M
Bought by
Gee Paula I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,600
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Gaylord Leon $223,000 First Platinum Abstract Llc
Derderian Robert S $200,000 None Available
Gee Paula I $217,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaylord Leon $178,400
Previous Owner Derderian Robert S $85,000
Previous Owner Gee Paula I $173,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2018 11/14/18 Sold $223,000 -3.0% $212 / Sq Ft
09/18/2018 09/18/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $229,900 -- $219 / 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 $3,306 $18,600 -- $18,600
2024 $3,306 $18,600 $0 $18,600
2023 $3,163 $18,600 $0 $18,600
2022 $3,102 $18,600 $0 $18,600
2021 $3,053 $18,600 $0 $18,600
2020 $2,906 $18,600 $0 $18,600
2019 $2,838 $18,600 $0 $18,600
2018 $2,784 $18,600 $0 $18,600
2017 $2,687 $18,600 $0 $18,600
2016 $2,669 $18,600 $0 $18,600
2015 -- $18,600 $0 $18,600
2014 -- $18,600 $0 $18,600
Source: Public Records

Agents Affiliated with this Home

  • Daniel McCloskey

    Seller's Agent in 2018

    Daniel McCloskey

    RE/MAX

    (215) 669-8333

    56 in this area

    157 Total Sales

    Daniel McCloskey
    Section Image

  • J

    Buyer's Agent in 2018

    Joe Venuto

    Venuto Real Estate Brokerage LLC

    (215) 378-1910

    2 Total Sales

    Joe Venuto
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003268512

Bright MLS

APN: 29-047-183-516

Pennsylvania Bucks County Newtown 18940

516 Fountain Farm Ln Unit 516, Newtown, PA

This home is located at 516 Fountain Farm Ln Unit 516, Newtown, PA 18940 since 10 September 2018 and is currently priced at $367,030, approximately $349 per square foot. This property was built in 1997. 516 Fountain Farm Ln Unit 516 is a home located in Bucks County with nearby schools including Goodnoe Elementary School, Newtown Middle School, and Council Rock High School North.

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