NOT LISTED FOR SALE

516 Waterview Place Unit 516 New Hope, PA 18938

Estimated Value: $3,776,000 - $5,057,228

4 Beds
4.5 Baths
5,221 Sq Ft
$888/mo HOA Fee

Last Sold June 30, 2014

Last sale price $2,800,000 $536 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $26,757/month

Highlights

  • Water Oriented
  • Commercial Range
  • Wood Flooring
  • New Hope-Solebury Upper Elementary School Rated A
  • Waterfront
  • Attic

About This Home

As of June 2014

Park Avenue in New Hope: Tucked between the Delaware River and the Canal sits this Luxurious Waterview End Unit Penthouse, exuding Elegance, sophistication and functionality, where no detail has been overlooked. Accessed by a keyed elevator, the property opens to a private limestone entry way. Enter the hand forged iron gates foyer and be surrounded by exquisite iron work, custom mill work, Brazilian Tiger wood floors, expansive ceilings and rows of windows offering vistas of the Delaware and its rapids. The elegant living room is enhanced by a refined cherry wood fireplace, intricate coffered ceiling and French doors giving access to an expansive terrace. The intimate, yet formal dining room is wrapped in upholstered silk ribbon walls and has its own balcony. The study and family room are both elegant and functional, showcasing Birdseye maple, stamped leather ceiling and cherry wood floors. The custom design gourmet kitchen with its flow and up to the smallest details, is perfect for entertaining, with high grade appliances, high grade granite counters, designer knobs and center island. Adjacent is the formal breakfast room, well appointed and spacious. Take the iron forged grand staircase, graced by its fan balcony to the second floor, equally elegant. The stunning master bedroom suite with curvilinear, barrel-vaulted ceiling opens to a wall of windows overlooking the river. En suite bathroom with onyx floors and counter tops opens to a simply elegant cherry wood boudoir style dressing room and two walk in closets. Three additional bedrooms suites. The in home cherry wood elevator, private terraces, climate controlled 750 bottle wine closet, seven-zone HVAC, state-of-the-art surround sound system, three fireplaces, fur vault and two-car garage complete this uniquely magnificent home.

Last Agent to Sell the Property

Bert Reczenske

(609) 462-8338 bert@addisonwolfe.com Addison Wolfe Real Estate Listed on: 11/06/2013

Co-Listed By

Daniela DeLuca

(267) 614-4345 daniela@addisonwolfe.com Addison Wolfe Real Estate License #342263

Last Buyer's Agent

John Mauro

(215) 595-6627 jnmauro@yahoo.com Addison Wolfe Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,442

Year Built

  • Built in 2005

Lot Details

  • Waterfront
  • West Facing Home
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $888 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Parking Lot

Home Design

  • Pitched Roof
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Synthetic Stucco Exterior

Interior Spaces

  • 5,221 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Central Vacuum
  • Ceiling height of 9 feet or more
  • Marble Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry
  • Double Self-Cleaning Oven
  • Commercial Range
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Water Oriented
  • Balcony
  • Exterior Lighting

Schools

  • New Hope-Solebury Middle School
  • New Hope-Solebury High School

Utilities

  • Cooling System Utilizes Bottled Gas
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Underground Utilities
  • 200+ Amp Service
  • Propane Water Heater

Listing and Financial Details

  • Tax Lot 011-516
  • Assessor Parcel Number 27-009-011-516

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, snow removal, trash, insurance
  • $2,664 Other One-Time Fees
  • Waterview Place Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,442

Year Built

Built in 2005

Lot Details

0

HOA Fees

$888 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 2005
  • Remarks Public: Park Avenue in New Hope: Tucked between the Delaware River and the Canal sits this Luxurious Waterview End Unit Penthouse, exuding Elegance, sophistication and functionality, where no detail has been overlooked. Accessed by a keyed elevator, the property opens to a private limestone entry way. Enter the hand forged iron gates foyer and be surrounded by exquisite iron work, custom mill work, Brazilian Tiger wood floors, expansive ceilings and rows of windows offering vistas of the Delaware and its rapids. The elegant living room is enhanced by a refined cherry wood fireplace, intricate coffered ceiling and French doors giving access to an expansive terrace. The intimate, yet formal dining room is wrapped in upholstered silk ribbon walls and has its own balcony. The study and family room are both elegant and functional, showcasing Birdseye maple, stamped leather ceiling and cherry wood floors. The custom design gourmet kitchen with its flow and up to the smallest details, is perfect for entertaining, with high grade appliances, high grade granite counters, designer knobs and center island. Adjacent is the formal breakfast room, well appointed and spacious. Take the iron forged grand staircase, graced by its fan balcony to the second floor, equally elegant. The stunning master bedroom suite with curvilinear, barrel-vaulted ceiling opens to a wall of windows overlooking the river. En suite bathroom with onyx floors and counter tops opens to a simply elegant cherry wood boudoir style dressing room and two walk in closets. Three additional bedrooms suites. The in home cherry wood elevator, private terraces, climate controlled 750 bottle wine closet, seven-zone HVAC, state-of-the-art surround sound system, three fireplaces, fur vault and two-car garage complete this uniquely magnificent home.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Oven - Double, Oven - Self Cleaning, Commercial Range, Dishwasher, Refrigerator, Disposal
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Central Vacuum, Elevator, Wet/Dry Bar, Stall Shower, Kitchen - Eat-In
  • Window Features: Energy Efficient
  • Fireplace Features: Marble, Gas/Propane
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Foundation Details: Concrete Perimeter
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Room Count: 13
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 5221
  • Living Area Sq Ft: 5221
  • Net Sq Ft: 5221.00
  • Price Per Sq Ft: 651.22
  • Above Grade Finished Sq Ft: 5221
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 516

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Synthetic Stucco
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights, Lawn Sprinkler, Exterior Lighting
  • Roof: Pitched, Shingle
  • View: Water
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Inside Access, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 888.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Snow Removal, Trash, Insurance
  • HOA: No

Fee Information

  • Other Fees: 2664.00
  • Other Fees Frequency: One Time

Schools

  • School District: NEW HOPE-SOLEBURY
  • Middle School: NEW HOPE-SOLEBURY
  • High School: NEW HOPE-SOLEBURY
  • School District Key: 300200397328
  • High School: NEW HOPE-SOLEBURY
  • Middle Or Junior School: NEW HOPE-SOLEBURY

Lot Info

  • Improvement Assessed Value: 233940.00
  • Land Use Code: 1013
  • Lot Features: Corner
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4542122
  • Tax Annual Amount: 28442.00
  • Assessor Parcel Number: 27-009-011-516
  • Tax Lot: 011-516
  • Tax Year: 2014
  • Close Date: 06/30/2014

MLS Schools

  • School District Name: NEW HOPE-SOLEBURY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2013
Closed on
Jun 20, 2014
Sold by
Sussman Andrea Lynn
Bought by
Scarperi Waterview Llc
Seller's Agent
Bert Reczenske
Addison Wolfe Real Estate
Buyer's Agent
John Mauro
Addison Wolfe Real Estate
List Price
$3,400,000
Sold Price
$2,800,000
Premium/Discount to List
-$600,000
-17.65%
Current Estimated Value
$4,318,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,518,076
Avg. Annual Appreciation
3.91%

Purchase Details

Closed on
Aug 11, 2004
Sold by
Waterview Holding Corp
Bought by
Sussman Andrea Lynn
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 Buyer Sale Price Title Company
Scarperi Waterview Llc $2,800,000 None Available
Sussman Andrea Lynn $2,391,971 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2014 06/30/14 Sold $2,800,000 -17.6% $536 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
11/06/2013 11/06/13 For Sale $3,400,000 -- $651 / 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 $35,708 $233,940 -- $233,940
2024 $35,708 $233,940 $0 $233,940
2023 $34,729 $233,940 $0 $233,940
2022 $34,476 $233,940 $0 $233,940
2021 $33,739 $233,940 $0 $233,940
2020 $33,117 $233,940 $0 $233,940
2019 $32,345 $233,940 $0 $233,940
2018 $31,796 $233,940 $0 $233,940
2017 $30,625 $233,940 $0 $233,940
2016 $30,625 $233,940 $0 $233,940
2015 -- $233,940 $0 $233,940
2014 -- $233,940 $0 $233,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003647610

Bright MLS

APN: 27-009-011-516