NOT LISTED FOR SALE

550 Madison Ave Warminster, PA 18974

Estimated Value: $408,270 - $465,000

4 Beds
2 Baths
1,848 Sq Ft
$234/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $335,000 $181 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,547/month

58 Days on Market

Highlights

  • Colonial Architecture
  • Engineered Wood Flooring
  • Main Floor Bedroom
  • Deck
  • Cathedral Ceiling
  • No HOA

About This Home

As of December 2021

Warminster 4 BR, 2 full bath 2 story Colonial. The covered front entry opens to a flex room with a stained plank accent wall, Spanish ceramic tile floor. This room is ideal for home office, homework, or children’s play area. The Living room has glistening hardwood floors, a large triple window welcoming in the light, built-in shelves, and chair rail. The Living room opens to the updated Kitchen features a cathedral ceiling with skylight & recessed lighting, new water-resistant wood grain laminate floor for easy clean up, new raised panel cabinetry finished in a neutral gray, new countertops, custom pendant lighting, double sink, updated dishwasher and state of the art refrigerator, peninsula with breakfast bar with seating for 2, and dining area that accommodates a large table and chairs. From the kitchen, the new backdoor opens up to a grand deck overlooking the large fenced rear yard. Updated full bath on 1st floor with new vanity & tiled stall shower. First floor Laundry area. The First-floor has one bedroom with a full closet and ceiling fan. The second level offers three bedrooms & a full bath with ceramic tile floor & tub/shower. The primary bedroom on the second floor offers a huge 10x6 walk-in closet. All new wall-to-wall carpeting throughout all the Bedrooms and stairs. Large Driveway accommodates 4+ cars. Plenty of room to park an RV/Boat or to build a new garage at the top of the driveway. There is a baseboard hot water oil heating system & central air. Full basement with Bilco door.

Last Agent to Sell the Property

John Spognardi

(215) 431-8282 spogie@aol.com RE/MAX Signature Listed on: 09/07/2021

RE/MAX Signature

Last Buyer's Agent

Wei Zhang

(267) 242-9101 wzhang.mega@gmail.com Home Vista Realty License #RS335432

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,546

Year Built

  • Built in 1940

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 52.00 x 125.00
  • Back Yard Fenced
  • Level Lot
  • Property is zoned R3

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Block Foundation
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,848 Sq Ft Home
  • Property has 2 Levels
  • Built-In Features
  • Chair Railings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Six Panel Doors
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Walk-in Shower

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • 200+ Amp Service
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 229
  • Assessor Parcel Number 49-019-229

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,546

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric
  • Flooring Type: Fully Carpeted, Ceramic Tile, Engineered Wood, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Carpet, Ceiling Fan(s), Chair Railings, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Table Space, Skylight(s), Stall Shower, Walk-In Closet(s), Recessed Lighting
  • Fireplace: No
  • Door Features: Six Panel
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Block
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 1848
  • Living Area Sq Ft: 1848
  • Price Per Sq Ft: 189.34
  • Above Grade Finished Sq Ft: 1848
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • 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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Pitched, 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: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • 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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 15680.00
  • Land Assessed Value: 2120.00
  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Dimensions: 52.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6500.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 198563
  • School Tax: 2682.00
  • Tax Annual Amount: 3546.00
  • Assessor Parcel Number: 49-019-229
  • Tax Lot: 229
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: CENTENNIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Dec 29, 2021
Sold by
Scalfaro Michael F
Bought by
Gao Real Estate Llc
Seller's Agent
John Spognardi
RE/MAX Signature
Buyer's Agent
Wei Zhang
Home Vista Realty
List Price
$379,000
Sold Price
$335,000
Premium/Discount to List
-$44,000
-11.61%
Current Estimated Value
$431,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,568
Avg. Annual Appreciation
6.50%
Original Mortgage
$253,500
Interest Rate
3.22%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 29, 2001
Sold by
Oustermann E Everett and Patricia Oustermann L
Bought by
Scalfaro Michael F and Scalfaro Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
6.86%

Purchase Details

Closed on
Jul 12, 2001
Sold by
District Attorney Of Bucks County
Bought by
Oustermann E Everett and Patricia Oustermann L

Purchase Details

Closed on
Jun 25, 1998
Sold by
Davies Linda Ann and Goldress Linda Ann
Bought by
Cern John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
6.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gao Real Estate Llc $335,000 None Listed On Document
Scalfaro Michael F $143,000 --
Oustermann E Everett $140,000 --
Cern John $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gao Real Estate Llc $253,500
Previous Owner Scalfaro Michael F $114,400
Previous Owner Cern John $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $335,000 -4.3% $181 / Sq Ft
09/29/2021 09/29/21 Price Changed $349,900 -5.2% $189 / Sq Ft
09/22/2021 09/22/21 Price Changed $369,000 -2.6% $200 / Sq Ft
09/07/2021 09/07/21 For Sale $379,000 -- $205 / 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 $3,757 $17,800 $2,120 $15,680
2024 $3,757 $17,800 $2,120 $15,680
2023 $3,641 $17,800 $2,120 $15,680
2022 $3,564 $17,800 $2,120 $15,680
2021 $3,480 $17,800 $2,120 $15,680
2020 $3,432 $17,800 $2,120 $15,680
2019 $3,249 $17,800 $2,120 $15,680
2018 $3,172 $17,800 $2,120 $15,680
2017 $3,079 $17,800 $2,120 $15,680
2016 $3,079 $17,800 $2,120 $15,680
2015 $3,244 $17,800 $2,120 $15,680
2014 $3,244 $17,800 $2,120 $15,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU2007556

Bright MLS

APN: 49-019-229