550 Park Rd Downingtown, PA 19335
4
Beds
1.5
Baths
2,970
Sq Ft
1
Acres
Highlights
- 75 Feet of Waterfront
- Water Oriented
- Wooded Lot
- Shamona Creek Elementary School Rated A
- 1 Acre Lot
- Traditional Architecture
About This Home
As of January 2019WATERFRONT home on MARSH CREEK! Exceptional Stone home CIRCO 1836 originally built as the Morgan Thomas Private School for Girls. This History ridden home has been updated with a Timberline Architectural Design Roof with a lifetime warranty (2008) and top of the line PELLA windows through out the house (2012). Sellers installed Travertine flooring on lower level,circuit breakers replaced 2015 and well pump 2015. New stainless steel appliances which include dishwasher(2016), stove, microwave 2012 and refrigerator(2017) Spacious living area(family rm.) on lower level with PR, full laundry room w/laundry shoot! There are 2 underground rooms: a root cellar with door to outside and a well room that has original stone well, no longer in use but would make a great "wine cellar"! The boiler for hot water baseboard system and 2 oil tanks are located in large storage room. Second floor boasts of original black walnut flooring while kitchen features custom solid cherry Rutt cabinetry, a working stone fireplace, a Dutch door that leads to a "charming" porch. Also on main level is lovely Master BR, 2nd BR/Office and a full updated bathroom. Upper level is accessed by stairway thru kitchen with 2 bedrooms, one which is exceptionally large (dormer) and has barn wood ceiling & walls of aged white oak, elm & chestnut taken from the original Moore barn. Floors are white pine random width T/O 3rd floor. Stone walls repointed in 2012, both chimneys rebuilt in the last 7 yrs. w/new flues &damper in kitchen fireplace. Exterior painted 2016 & interior of home 2017. This is a homes that is a "must" see if you know & love historic homes. So much to say and enjoy about this property plus the fantastic view of Marsh Creek Lake directly in your back yard. The property line meets Marsh Creek State Park at the boundary (approximately 100 yds. to lake with a canoe/kayak rack at end of property for easy access. A rare opportunity & privilege has just become available.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,976
Year Built
- Built in 1836
Lot Details
- 1 Acre Lot
- 75 Feet of Waterfront
- Level Lot
- Open Lot
- Wooded Lot
- Back and Side Yard
- Property is in good condition
- Property is zoned R2
Parking
- 1 Car Attached Garage
- 3 Open Parking Spaces
- Garage Door Opener
- Driveway
Home Design
- Traditional Architecture
- Farmhouse Style Home
- Stone Foundation
- Shingle Roof
- Stone Siding
- Stucco
Interior Spaces
- 2,970 Sq Ft Home
- Property has 3 Levels
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- 2 Fireplaces
- Stone Fireplace
- Replacement Windows
- Family Room
- Living Room
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- Built-In Range
- Dishwasher
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- 1.5 Bathrooms
Laundry
- Laundry Room
- Laundry on lower level
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Outdoor Features
- Water Oriented
- Property is near a lake
- Patio
- Shed
- Porch
Utilities
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Well
- Electric Water Heater
- On Site Septic
- Cable TV Available
Community Details
- No Home Owners Association
- Heron Hill Subdivision
Listing and Financial Details
- Tax Lot 0052.0100
- Assessor Parcel Number 32-03 -0052.0100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2018
Closed on
Jan 10, 2019
Sold by
Cortes Robert B and Cortes Deborah W
Bought by
Murphy Timothy L and Murphy Corinne A
Seller's Agent
Mark Reale
NextHome Signature
Buyer's Agent
Theresa Tarquinio
RE/MAX Professional Realty
List Price
$539,900
Sold Price
$480,000
Premium/Discount to List
-$59,900
-11.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,228
Avg. Annual Appreciation
6.52%
Original Mortgage
$432,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 25, 2017
Closed on
Jul 20, 2017
Sold by
Myszak Margaret R
Bought by
Cortes Robert B and Cortes Deborah W
Seller's Agent
Helene Donohue
BHHS Fox & Roach-West Chester
Buyer's Agent
Mark Reale
NextHome Signature
List Price
$435,000
Sold Price
$435,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Purchase Details
Closed on
May 16, 2013
Sold by
Nelson Margaret R and Myszak Margaret R
Bought by
Myszak Margaret R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,800
Interest Rate
3.45%
Mortgage Type
New Conventional
Similar Homes in Downingtown, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $480,000 | None Available | |
| Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Credit Line Revolving | |
| Open | $414,000 | New Conventional | |
| Closed | $432,000 | New Conventional | |
| Previous Owner | $202,800 | New Conventional | |
| Previous Owner | $270,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2019 01/15/19 | Sold | $480,000 | -11.1% | $162 / Sq Ft |
| 08/23/2018 08/23/18 | Pending | -- | -- | -- |
| 04/25/2018 04/25/18 | For Sale | $539,900 | +24.1% | $182 / Sq Ft |
| 08/03/2017 08/03/17 | Sold | $435,000 | 0.0% | $146 / Sq Ft |
| 05/30/2017 05/30/17 | Pending | -- | -- | -- |
| 05/25/2017 05/25/17 | For Sale | $435,000 | -- | $146 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,549 | $186,340 | $44,430 | $141,910 |
| 2023 | $6,362 | $186,340 | $44,430 | $141,910 |
| 2022 | $6,207 | $186,340 | $44,430 | $141,910 |
| 2021 | $6,106 | $186,340 | $44,430 | $141,910 |
| 2020 | $6,072 | $186,340 | $44,430 | $141,910 |
| 2019 | $6,072 | $186,340 | $44,430 | $141,910 |
| 2018 | $5,976 | $183,390 | $44,430 | $138,960 |
| 2017 | $5,976 | $183,390 | $44,430 | $138,960 |
| 2016 | $5,631 | $183,390 | $44,430 | $138,960 |
| 2015 | $5,631 | $183,390 | $44,430 | $138,960 |
| 2014 | $5,631 | $183,390 | $44,430 | $138,960 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Reale
Seller's Agent in 2019
Mark Reale
NextHome Signature
(610) 308-9500
1 in this area
72 Total Sales
-
Theresa Tarquinio
Buyer's Agent in 2019
Theresa Tarquinio
RE/MAX
(610) 291-6536
28 in this area
249 Total Sales
-
Helene Donohue
Seller's Agent in 2017
Helene Donohue
BHHS Fox & Roach
(610) 662-7588
28 Total Sales
Map
Source: Bright MLS
MLS Number: 1003203151
APN: 32-003-0052.0100
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