NOT LISTED FOR SALE

54 Founders Way Downingtown, PA 19335

Estimated Value: $1,037,585 - $1,151,000

4 Beds
3.5 Baths
4,521 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 16, 2016

Last sale price $630,000 $139 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,781/month

Highlights

  • In Ground Pool
  • 1 Acre Lot
  • Deck
  • Shamona Creek Elementary School Rated A
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of August 2016

Tastefully appointed, this classic Brick Front Colonial in the desirable Lakeridge neighborhood offers a private backyard with an inviting pool on a picturesque 1 acre lot. This former model home features one of the largest floor plans, while boasting stunning details, from the site-finished hrdwd flrs & custom millwork, to the updated lighting & designer paint colors! A stylish center hall foyer, flanked by Living & Dining Rms, leads to the gourmet Kitchen w/oversized granite island, cabinetry w/pull out shelving, SS appliances-including gas cooktop & double-wall oven, & bump-out breakfast room with access to the deck. Adjoining Family Rm offers a vaulted ceiling w/skylight, brick fireplace & triple window that overlooks the backyard & French doors to the Office that's tucked away, perfect for working from home. Finishing touches on the main level are a remodeled Powder Room, fabulous Mud Room w/utility sink & outside access & 3 car side-entry garage. Upstairs, elegance combines with comfort to create this wonderful Master Suite w/vaulted ceiling w/skylight, gas fireplace in the Sitting Area, plus an exterior balcony that overlooks the scenic backyard & a gorgeous Bath highlighted by dual vanities & jetted tub. Three additional Bedrooms, all w/ceiling fans, share an updated hall Bath. You'll love the finished lower level w/Recreation Room, Full Bath, Bonus room w/cedar lined walk-in closet & several storage areas. Enjoy the outdoors in this backyard that is truly designed for personal enjoyment w/spacious deck w/built-in seating, in-ground heated Sylvan Pool w/diving board, gazebo, lush landscaping & large, manicured yard. Recent Improvements include Roof, dual zone HVAC, Appliances, Pool Heater & Motor, & Gutters & Downspouts. Additional Features include 9' Walls on 1st Floor, Andersen Windows, Public Sewer & Water, Natural Gas Heat, Plantation Shutters, Sprinkler System, Holiday Light Package & Integrated Stereo System! Ideally located within the Award Winning Downingtown School System that is home to the STEM Academy, w/Shamona Creek Elementary & the 6th Grade Center right down the street! This home is perfect for someone looking for space & privacy, while wanting to enjoy a neighborhood atmosphere. Within a very easy commute to major routes, PA Turnpike, Marsh Creek State Park, Struble Trail & local shopping & dining. A truly outstanding home in one of the best communities in Downingtown!

Last Agent to Sell the Property

Theresa Tarquinio

(610) 291-6536 theresat@remax.net RE/MAX Professional Realty License #AB046734L Listed on: 07/14/2016

RE/MAX Professional Realty

Last Buyer's Agent

Steve Heathcote

(484) 888-5713 steve.heathcote@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,166

Year Built

  • Built in 1994

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Open Lot
  • Sprinkler System
  • Property is in good condition
  • Property is zoned R1

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 4,521 Sq Ft Home
  • Property has 2 Levels
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Brick Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Attic

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Play Equipment

Schools

  • Shamona Creek Elementary School
  • Downington Middle School
  • Downingtown High School West Campus

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakeridge Subdivision

Listing and Financial Details

  • Tax Lot 0025.1100
  • Assessor Parcel Number 32-06 -0025.1100

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,166

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1994
  • Remarks Public: Tastefully appointed, this classic Brick Front Colonial in the desirable Lakeridge neighborhood offers a private backyard with an inviting pool on a picturesque 1 acre lot. This former model home features one of the largest floor plans, while boasting stunning details, from the site-finished hrdwd flrs & custom millwork, to the updated lighting & designer paint colors! A stylish center hall foyer, flanked by Living & Dining Rms, leads to the gourmet Kitchen w/oversized granite island, cabinetry w/pull out shelving, SS appliances-including gas cooktop & double-wall oven, & bump-out breakfast room with access to the deck. Adjoining Family Rm offers a vaulted ceiling w/skylight, brick fireplace & triple window that overlooks the backyard & French doors to the Office that's tucked away, perfect for working from home. Finishing touches on the main level are a remodeled Powder Room, fabulous Mud Room w/utility sink & outside access & 3 car side-entry garage. Upstairs, elegance combines with comfort to create this wonderful Master Suite w/vaulted ceiling w/skylight, gas fireplace in the Sitting Area, plus an exterior balcony that overlooks the scenic backyard & a gorgeous Bath highlighted by dual vanities & jetted tub. Three additional Bedrooms, all w/ceiling fans, share an updated hall Bath. You'll love the finished lower level w/Recreation Room, Full Bath, Bonus room w/cedar lined walk-in closet & several storage areas. Enjoy the outdoors in this backyard that is truly designed for personal enjoyment w/spacious deck w/built-in seating, in-ground heated Sylvan Pool w/diving board, gazebo, lush landscaping & large, manicured yard. Recent Improvements include Roof, dual zone HVAC, Appliances, Pool Heater & Motor, & Gutters & Downspouts. Additional Features include 9' Walls on 1st Floor, Andersen Windows, Public Sewer & Water, Natural Gas Heat, Plantation Shutters, Sprinkler System, Holiday Light Package & Integrated Stereo System! Ideally located within the Award Winning Downingtown School System that is home to the STEM Academy, w/Shamona Creek Elementary & the 6th Grade Center right down the street! This home is perfect for someone looking for space & privacy, while wanting to enjoy a neighborhood atmosphere. Within a very easy commute to major routes, PA Turnpike, Marsh Creek State Park, Struble Trail & local shopping & dining. A truly outstanding home in one of the best communities in Downingtown!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Wall, Oven - Double, Oven - Self Cleaning, Dishwasher, Disposal
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Skylight(s), Ceiling Fan(s), Stall Shower, Kitchen - Eat-In
  • Fireplace Features: Brick, Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 4521
  • Living Area Sq Ft: 4521
  • Net Sq Ft: 4521.00
  • Price Per Sq Ft: 138.24
  • Above Grade Finished Sq Ft: 4521
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 54

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • Exterior Features: Lawn Sprinkler, Play Equipment
  • Pool Features: In Ground
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Inside Access, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: DOWNINGTOWN AREA
  • Elementary School: SHAMONA CREEK
  • Middle School: DOWNINGTON
  • High School: DOWNINGTOWN HIGH SCHOOL WEST CAMPUS
  • School District Key: 300200397436
  • Elementary School: SHAMONA CREEK
  • High School: DOWNINGTOWN HIGH SCHOOL WEST CAMPUS
  • Middle Or Junior School: DOWNINGTON

Lot Info

  • Improvement Assessed Value: 267750.00
  • Land Assessed Value: 77100.00
  • Land Use Code: R10
  • Lot Features: Level, Sloping, Open
  • Lot Size Acres: 1.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 43560.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Good
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 280552
  • Tax Annual Amount: 11166.00
  • Assessor Parcel Number: 32-06 -0025.1100
  • Tax Lot: 0025.1100
  • Tax Year: 2016
  • Close Date: 08/16/2016

MLS Schools

  • School District Name: DOWNINGTOWN AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2016
Closed on
Aug 11, 2016
Sold by
Thorson Eric M and Thorson Rachel A
Bought by
Morris Joseph
Seller's Agent
Theresa Tarquinio
RE/MAX Professional Realty
Buyer's Agent
Steve Heathcote
Coldwell Banker Realty
List Price
$625,000
Sold Price
$630,000
Premium/Discount to List
$5,000
0.8%
Current Estimated Value
$1,088,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,396
Avg. Annual Appreciation
6.03%

Purchase Details

Listed on
Jan 31, 2012
Closed on
May 17, 2012
Bought by
Thorson Eric M and Thorson Rachel A
Seller's Agent
Maribeth McConnell
BHHS Fox & Roach Malvern-Paoli
Buyer's Agent
Maribeth McConnell
BHHS Fox & Roach Malvern-Paoli
List Price
$624,900
Sold Price
$575,000
Premium/Discount to List
-$49,900
-7.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Jan 9, 2006
Sold by
Young Fred Joseph and Young Patricia W
Bought by
Mcdermott Donald G and Mcdermott Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 7, 1998
Sold by
Lakeridge Lp
Bought by
Young Fred Joseph and Young Patricia W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7%
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
Morris Joseph $630,000 Title Services
Thorson Eric M $575,000 --
Mcdermott Donald G $635,000 None Available
Young Fred Joseph $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcdermott Donald G $395,000
Previous Owner Young Fred Joseph $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2016 08/16/16 Sold $630,000 +0.8% $139 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
07/14/2016 07/14/16 For Sale $625,000 +8.7% $138 / Sq Ft
05/15/2012 05/15/12 Sold $575,000 -8.0% $127 / Sq Ft View Prior Sale
04/18/2012 04/18/12 Pending -- -- --
01/31/2012 01/31/12 For Sale $624,900 -- $138 / 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 $12,119 $344,850 $77,100 $267,750
2024 $12,119 $344,850 $77,100 $267,750
2023 $11,774 $344,850 $77,100 $267,750
2022 $11,487 $344,850 $77,100 $267,750
2021 $11,300 $344,850 $77,100 $267,750
2020 $11,237 $344,850 $77,100 $267,750
2019 $11,237 $344,850 $77,100 $267,750
2018 $11,237 $344,850 $77,100 $267,750
2017 $11,237 $344,850 $77,100 $267,750
2016 $10,767 $344,850 $77,100 $267,750
2015 $10,767 $344,850 $77,100 $267,750
2014 $10,767 $344,850 $77,100 $267,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002457052

Bright MLS

APN: 32-006-0025.1100