NOT LISTED FOR SALE

551 Valley Rd Warminster, PA 18974

Estimated Value: $463,674 - $519,000

2 Beds
2 Baths
1,764 Sq Ft
$275/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $330,000 $187 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,995/month

Highlights

  • Rambler Architecture
  • Central Air
  • Hot Water Heating System
  • No HOA

About This Home

As of December 2020

SHOWINGS BEGIN FRIDAY 10/23 To keep it simple the home is a 3 bedroom 2 bath ranch with tons of living space. Tons. It's been modified to suit the needs of the current & previous owners, but it will not disappoint. The spacious living area will be extremely suitable for the right family. A Great room addition was added to the main level and it was constructed with a finished basement. This large room boast a vaulted ceiling and wood burning stove. The finished basement area is now an office, but had been used as a bedroom by the previous owner's. The great room and shop area are both connected, heated, and they share the vaulted ceiling. They are separated by only a partition and double doors. With the right vision and design this could be an amazing combined area. This space also has a second full tiled bathroom. The original home had 3 small bedrooms on the main level, but now there are just two. The master bedroom is now a combination of two of the original bedrooms and it offers lots of closet space. The hall bath has been remodeled with newer fixtures, wall to wall tile and floor, and glass partition shower. The eat in kitchen has all new stainless appliances and a tiled backsplash. The dining room is large with solid wood floors and lots of natural sunlight. The homes original basement is super clean and currently unfinished. Yes, this house has 2 basements. It's a large area just waiting to be completed, but useable in every way. Mechanical and laundry areas are located in this part of the home and it still allows for a large finished basement if desired. The fenced back yard offers a large patio with a small retaining wall and is partially roofed covered. There is a storage shed out back and the driveway has parking for 5 vehicles. ALL VISITORS MUST WEAR A MASK PLEASE. THANK YOU.

Last Agent to Sell the Property

Thomas Kehan

(215) 852-2036 tomkehan@verizon.net RE/MAX Legacy Listed on: 10/22/2020

RE/MAX Legacy

Last Buyer's Agent

Parvin Rostami

(610) 574-5278 parvin.rostami@longandfoster.com Long & Foster Real Estate, Inc. License #RS307493

Long & Foster Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,424

Year Built

  • Built in 1968

Lot Details

  • Property is zoned R2

Parking

  • Driveway

Home Design

  • Rambler Architecture
  • Frame Construction

Interior Spaces

  • 1,764 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Log College Middle School
  • William Tennent High School

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Willow Farms Subdivision

Listing and Financial Details

  • Tax Lot 046
  • Assessor Parcel Number 49-003-046

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,424

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Small refrigerator in basement. Curtains in the Master bedroom and Great room
  • Inclusions: All appliances in "AS-IS" condition
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-23
  • Year Built: 1968
  • Automatically Close On Close Date: Yes
  • Remarks Public: SHOWINGS BEGIN FRIDAY 10/23 To keep it simple the home is a 3 bedroom 2 bath ranch with tons of living space. Tons. It's been modified to suit the needs of the current & previous owners, but it will not disappoint. The spacious living area will be extremely suitable for the right family. A Great room addition was added to the main level and it was constructed with a finished basement. This large room boast a vaulted ceiling and wood burning stove. The finished basement area is now an office, but had been used as a bedroom by the previous owner's. The great room and shop area are both connected, heated, and they share the vaulted ceiling. They are separated by only a partition and double doors. With the right vision and design this could be an amazing combined area. This space also has a second full tiled bathroom. The original home had 3 small bedrooms on the main level, but now there are just two. The master bedroom is now a combination of two of the original bedrooms and it offers lots of closet space. The hall bath has been remodeled with newer fixtures, wall to wall tile and floor, and glass partition shower. The eat in kitchen has all new stainless appliances and a tiled backsplash. The dining room is large with solid wood floors and lots of natural sunlight. The homes original basement is super clean and currently unfinished. Yes, this house has 2 basements. It's a large area just waiting to be completed, but useable in every way. Mechanical and laundry areas are located in this part of the home and it still allows for a large finished basement if desired. The fenced back yard offers a large patio with a small retaining wall and is partially roofed covered. There is a storage shed out back and the driveway has parking for 5 vehicles. ALL VISITORS MUST WEAR A MASK PLEASE. THANK YOU.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Room List: Bedroom 3
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1764
  • Living Area Sq Ft: 1764
  • Price Per Sq Ft: 187.07
  • Above Grade Finished Sq Ft: 1764
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 551

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: CENTENNIAL
  • Middle School: LOG COLLEGE
  • High School: WILLIAM TENNENT
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397326
  • School District Source: Listing Agent
  • High School: WILLIAM TENNENT
  • Middle Or Junior School: LOG COLLEGE

Green Features

  • Clean Green Assessed: No
  • Green Remarks: Home is equipped with solar panels through the PECO program. Panels were installed in 2018 and installation was inspected by both PECO and Warminster Twp. Owner is currently getting a reduced energy rate from PECO in cooperation.

Lot Info

  • Land Use Code: 5990
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2020
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 193604
  • Assessor Parcel Number: 49-003-046
  • Tax Lot: 046
  • Tax Total Finished Sq Ft: 1764
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/24/2020

MLS Schools

  • School District Name: CENTENNIAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 18, 2020
Sold by
Mark Anthony T and Mark Mary R
Bought by
Parsa Parham and Parsa Hamid
Seller's Agent
Thomas Kehan
RE/MAX Legacy
Buyer's Agent
Parvin Rostami
Long & Foster Real Estate, Inc.
List Price
$330,000
Sold Price
$330,000
Current Estimated Value
$484,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,919
Avg. Annual Appreciation
8.26%
Original Mortgage
$297,000
Outstanding Balance
$264,466
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$220,453

Purchase Details

Listed on
Feb 21, 2013
Closed on
Sep 30, 2013
Sold by
Buckman Ernest L
Bought by
Mark Anthony T and Mark Mary R
Seller's Agent
ELIZABETH A. Moreschi
BHHS Fox & Roach-Doylestown
Buyer's Agent
Judy Markovitz
RE/MAX Signature
List Price
$266,000
Sold Price
$255,000
Premium/Discount to List
-$11,000
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$167,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2003
Sold by
Stranix Glen L
Bought by
Buckman Ernest L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,930
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 1997
Sold by
Stranix Mark M and Stranix Mary F
Bought by
Stranix Glen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,560
Interest Rate
7.11%
Mortgage Type
VA
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
Parsa Parham $330,000 Sage Premier Settlements
Mark Anthony T $255,000 None Available
Buckman Ernest L $229,900 --
Stranix Glen L $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parsa Parham $297,000
Previous Owner Mark Anthony T $167,000
Previous Owner Buckman Ernest L $160,930
Previous Owner Stranix Glen L $130,560
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2020 12/24/20 Sold $330,000 0.0% $187 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $330,000 +29.4% $187 / Sq Ft
09/30/2013 09/30/13 Sold $255,000 -4.1% $121 / Sq Ft View Prior Sale
09/02/2013 09/02/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $266,000 0.0% $127 / Sq Ft
05/27/2013 05/27/13 Pending -- -- --
05/21/2013 05/21/13 Price Changed $266,000 -3.8% $127 / Sq Ft
02/21/2013 02/21/13 For Sale $276,500 -- $132 / 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 $5,424 $25,700 $4,280 $21,420
2024 $5,424 $25,700 $4,280 $21,420
2023 $5,257 $25,700 $4,280 $21,420
2022 $5,145 $25,700 $4,280 $21,420
2021 $5,025 $25,700 $4,280 $21,420
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 $4,214 $24,800 $4,280 $20,520
2014 $4,214 $24,800 $4,280 $20,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABU509830

Bright MLS

APN: 49-003-046