NOT LISTED FOR SALE

58 Summit Rd Malvern, PA 19355

Estimated Value: $1,093,000 - $1,113,821

5 Beds
4.5 Baths
4,631 Sq Ft
$239/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $855,000 $185 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,013/month

22 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • No HOA
  • Sugartown Elementary School Rated A-
  • 1 Fireplace
  • Formal Dining Room

About This Home

As of August 2022

**Welcome to 58 Summit Rd in Great Valley School District, a spacious 5 bedroom home offering plenty of living space on a half acre with fenced in yard. Upon entering the home you will find a two story foyer with a grand staircase, hardwood floors, Living room, Dining room with crown molding & butler's pantry, office, powder room, family room with gas fireplace and eat in kitchen with island. Upstairs you will find two nice sized bedrooms with a full hall bath, upstairs laundry room, princess suite with own full bath, and large primary suite with huge walk in closet, attached office, and large tiled bath with double sinks and soaking tub. Venture on down to the finished basement with stone built in bar, 5th bedroom, theater room, separate gym room (could be 6th bedroom) with attached full bath. french doors leading out to the fenced in backyard. It could be perfect for an in law suite and multi generational families. This home has it all and close to all the shops and restaurants Malvern has to offer. Close to major roadways, 202, 30 and Pa turnpike, HVAC was replaced 3 years ago.**

Last Agent to Sell the Property

Michelle McLain Troha

Long & Foster Real Estate, Inc. License #RS297236 Listed on: 06/19/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jordan Arnold

Compass RE

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,168

Year Built

  • Built in 2008

Lot Details

  • 0.53 Acre Lot
  • Split Rail Fence

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Masonry

Interior Spaces

  • Property has 3 Levels
  • Bar
  • Crown Molding
  • 1 Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Natural lighting in basement

Kitchen

  • Eat-In Kitchen
  • Butlers Pantry

Bedrooms and Bathrooms

Outdoor Features

  • Deck
  • Porch

Schools

  • Sugartown Elementary School
  • Great Valley Middle School
  • Great Valley High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • The Woods At Summit Subdivision

Listing and Financial Details

  • Tax Lot 0061.0200
  • Assessor Parcel Number 42-07 -0061.0200

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,168

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2008
  • Automatically Close On Close Date: Yes
  • Remarks Public: **Welcome to 58 Summit Rd in Great Valley School District, a spacious 5 bedroom home offering plenty of living space on a half acre with fenced in yard. Upon entering the home you will find a two story foyer with a grand staircase, hardwood floors, Living room, Dining room with crown molding & butler's pantry, office, powder room, family room with gas fireplace and eat in kitchen with island. Upstairs you will find two nice sized bedrooms with a full hall bath, upstairs laundry room, princess suite with own full bath, and large primary suite with huge walk in closet, attached office, and large tiled bath with double sinks and soaking tub. Venture on down to the finished basement with stone built in bar, 5th bedroom, theater room, separate gym room (could be 6th bedroom) with attached full bath. french doors leading out to the fenced in backyard. It could be perfect for an in law suite and multi generational families. This home has it all and close to all the shops and restaurants Malvern has to offer. Close to major roadways, 202, 30 and Pa turnpike, HVAC was replaced 3 years ago.**
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Butlers Pantry, Crown Moldings, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Daylight, Full
  • Total Sq Ft: 4631
  • Living Area Sq Ft: 4631
  • Price Per Sq Ft: 231.84
  • Above Grade Finished Sq Ft: 3731
  • Below Grade Finished Sq Ft: 900
  • Total Below Grade Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 58

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: GREAT VALLEY
  • Elementary School: SUGARTOWN
  • Middle School: GREAT VALLEY M.S.
  • High School: GREAT VALLEY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397337
  • School District Source: Listing Agent
  • Elementary School: SUGARTOWN
  • High School: GREAT VALLEY
  • Middle Or Junior School: GREAT VALLEY M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Split Rail
  • Improvement Assessed Value: 338700.00
  • Land Assessed Value: 33000.00
  • Land Use Code: R10
  • Lot Size Acres: 0.53
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23202.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5826464
  • School Tax: 8311.00
  • Tax Annual Amount: 10168.00
  • Assessor Parcel Number: 42-07 -0061.0200
  • Tax Lot: 0061.0200
  • Tax Total Finished Sq Ft: 4631
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/03/2022

MLS Schools

  • School District Name: GREAT VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2022
Closed on
Jul 27, 2022
Sold by
Zhang and Xin
Bought by
Kasaaian Behjat Betty and Kasaalan Arash Mohammad
Seller's Agent
Michelle McLain Troha
Long & Foster Real Estate, Inc.
Buyer's Agent
Jordan Arnold
Compass RE
List Price
$885,000
Sold Price
$855,000
Premium/Discount to List
-$30,000
-3.39%
Current Estimated Value
$1,106,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,955
Avg. Annual Appreciation
9.23%
Original Mortgage
$490,000
Outstanding Balance
$427,032
Interest Rate
4.92%
Mortgage Type
New Conventional
Estimated Equity
$686,231

Purchase Details

Listed on
Jun 4, 2015
Closed on
Aug 14, 2015
Sold by
Schreiber Kevin and The Grsw Stewart Real Estate T
Bought by
Zhang Wei and Chen Xin
Seller's Agent
Jeffrey Stluka
Coldwell Banker Realty
Buyer's Agent
Richard Li
Liberty Real Estate
List Price
$690,000
Sold Price
$665,000
Premium/Discount to List
-$25,000
-3.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%
Original Mortgage
$532,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 20, 2015
Sold by
Carvalho John and Carvalho Patricia
Bought by
Schreiber Kevin and The Grsw Stewart Real Estate T

Purchase Details

Closed on
Nov 23, 2011
Sold by
Carvalho John
Bought by
Carvalho John and Carvalho Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
3.43%
Mortgage Type
New Conventional
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
Kasaaian Behjat Betty $845,000 --
Zhang Wei $665,000 None Available
Schreiber Kevin $665,000 None Available
Carvalho John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasaaian Behjat Betty $490,000
Previous Owner Zhang Wei $480,000
Previous Owner Zhang Wei $0
Previous Owner Zhang Wei $532,000
Previous Owner Carvalho John $399,000
Previous Owner Carvalho John $149,700
Previous Owner Carvalho John $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $855,000 -1.2% $185 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/08/2022 07/08/22 Price Changed $865,000 -2.3% $187 / Sq Ft
06/19/2022 06/19/22 For Sale $885,000 +33.1% $191 / Sq Ft
08/21/2015 08/21/15 Sold $665,000 -1.5% $113 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
07/15/2015 07/15/15 Price Changed $675,000 -0.7% $115 / Sq Ft
07/02/2015 07/02/15 Price Changed $680,000 -1.4% $115 / Sq Ft
06/04/2015 06/04/15 For Sale $690,000 -- $117 / 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
2024 $10,651 $371,700 $33,000 $338,700
2023 $10,376 $371,700 $33,000 $338,700
2022 $10,168 $371,700 $33,000 $338,700
2021 $9,964 $371,700 $33,000 $338,700
2020 $9,800 $371,700 $33,000 $338,700
2019 $9,705 $371,700 $33,000 $338,700
2018 $9,521 $371,700 $33,000 $338,700
2017 $9,521 $371,700 $33,000 $338,700
2016 $8,734 $371,700 $33,000 $338,700
2015 $8,734 $371,700 $33,000 $338,700
2014 $8,734 $371,700 $33,000 $338,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2027336

Bright MLS

APN: 42-007-0061.0200