NOT LISTED FOR SALE

540 Richards Rd Kennett Square, PA 19348

Estimated Value: $501,000 - $613,000

4 Beds
2 Baths
1,850 Sq Ft
$300/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $445,000 $241 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,390/month

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • 1 Car Detached Garage
  • Kennett High School Rated A-
  • No HOA
  • Hot Water Heating System

About This Home

As of October 2021

Welcome to home to this recently expanded single family home in Kennett Square Borough! This adorable home features 4 bedrooms, 2 full bathrooms with a 2nd floor laundry room. The owners recently added the entire second floor to the home that includes a new master suite with a large walk-in closet and bathroom with double vanity and large shower stall with a frameless glass door. There is a large living area on the 2nd floor that can be used as an office, loft area or even made into an additional bedroom. The first floor features an updated kitchen with an eating area, cozy family room with a wood burning stove for those cold winter days, 2 additional bedrooms and a full bathroom. The side entry off the kitchen leads to a breeze way that connects to a 1 car garage. The house also has an open basement that allows for plenty of room for storage. The rear yard offers a paver patio to plenty of extra room for gardening, playing or letting your dog roam. Don't miss out of this opportunity today to be in Kennett Square and within WALKING distance to the YMCA and the restaurants downtown. ***Current assessed value based on house before addition. Chester County will be re-assessing the home based on the 2nd floor addition.***

Last Agent to Sell the Property

Byron Anstine

(610) 420-6735 banstine@comcast.net VRA Realty Listed on: 08/13/2021

Last Buyer's Agent

Brian Hadley

(302) 388-2984 bhadley@psre.com Patterson-Schwartz-Hockessin

Patterson-Schwartz-Hockessin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,049

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • Property is in excellent condition

Parking

  • 1 Car Detached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,850 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Laundry on upper level

Bedrooms and Bathrooms

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 0113
  • Assessor Parcel Number 03-03 -0113

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,049

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Washer, Dryer & Refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1950
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to home to this recently expanded single family home in Kennett Square Borough! This adorable home features 4 bedrooms, 2 full bathrooms with a 2nd floor laundry room. The owners recently added the entire second floor to the home that includes a new master suite with a large walk-in closet and bathroom with double vanity and large shower stall with a frameless glass door. There is a large living area on the 2nd floor that can be used as an office, loft area or even made into an additional bedroom. The first floor features an updated kitchen with an eating area, cozy family room with a wood burning stove for those cold winter days, 2 additional bedrooms and a full bathroom. The side entry off the kitchen leads to a breeze way that connects to a 1 car garage. The house also has an open basement that allows for plenty of room for storage. The rear yard offers a paver patio to plenty of extra room for gardening, playing or letting your dog roam. Don't miss out of this opportunity today to be in Kennett Square and within WALKING distance to the YMCA and the restaurants downtown. ***Current assessed value based on house before addition. Chester County will be re-assessing the home based on the 2nd floor addition.***
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Upper Floor
  • Total Sq Ft: 1850
  • Living Area Sq Ft: 1850
  • Price Per Sq Ft: 229.73
  • Above Grade Finished Sq Ft: 1850
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 540

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: KENNETT CONSOLIDATED
  • School District Key: 300200397335
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 64760.00
  • Land Assessed Value: 29030.00
  • Land Use Code: R10
  • Lot Size Acres: 0.26
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11250.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 226041
  • School Tax: 2989.00
  • Tax Annual Amount: 4049.00
  • Assessor Parcel Number: 03-03 -0113
  • Tax Lot: 0113
  • Tax Total Finished Sq Ft: 1061
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/01/2021

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 1, 2021
Sold by
Heim Terrence and Turner Lauren
Bought by
Fennimore Joseph and Fennimore Karousha
Seller's Agent
Byron Anstine
VRA Realty
Buyer's Agent
Brian Hadley
Patterson-Schwartz-Hockessin
List Price
$425,000
Sold Price
$445,000
Premium/Discount to List
$20,000
4.71%
Current Estimated Value
$554,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,946
Avg. Annual Appreciation
5.66%
Original Mortgage
$422,750
Outstanding Balance
$385,509
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$169,437

Purchase Details

Listed on
Apr 19, 2017
Closed on
Jun 15, 2017
Sold by
Arnold Emily J and Evans Nathaniel
Bought by
Heim Terrence and Turner Lauren
Seller's Agent
Christina Mikus
BHHS Fox & Roach-Media
Buyer's Agent
Byron Anstine
VRA Realty
List Price
$250,000
Sold Price
$254,000
Premium/Discount to List
$4,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%
Original Mortgage
$249,399
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 2010
Sold by
Bright Gary V and Bright Charla R
Bought by
Arnold Emily J and Evans Nathaniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,743
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1998
Sold by
Patrone Phillip A and Patrone Michelle C
Bought by
Bright Gary V and Bright Charla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,019
Interest Rate
6.98%
Mortgage Type
FHA
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
Fennimore Joseph $445,000 Global Title Inc
Heim Terrence $254,000 None Available
Arnold Emily J $235,000 First American Title Ins Co
Bright Gary V $120,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fennimore Joseph $422,750
Previous Owner Heim Terrence $249,399
Previous Owner Arnold Emily J $230,743
Previous Owner Bright Gary V $119,019
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $445,000 +4.7% $241 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $425,000 +67.3% $230 / Sq Ft
06/15/2017 06/15/17 Sold $254,000 +1.6% $239 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $250,000 -- $236 / 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 $5,371 $110,230 $29,030 $81,200
2024 $5,371 $110,230 $29,030 $81,200
2023 $5,207 $110,230 $29,030 $81,200
2022 $4,759 $110,230 $29,030 $81,200
2021 $4,013 $93,790 $29,030 $64,760
2020 $3,946 $93,790 $29,030 $64,760
2019 $3,899 $93,790 $29,030 $64,760
2018 $3,808 $93,790 $29,030 $64,760
2017 $3,748 $93,790 $29,030 $64,760
2016 $372 $93,790 $29,030 $64,760
2015 $372 $93,790 $29,030 $64,760
2014 $372 $93,790 $29,030 $64,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2005436

Bright MLS

APN: 03-003-0113.0000