NOT LISTED FOR SALE

644 Wallace Dr Wayne, PA 19087

Estimated Value: $989,000 - $1,172,000

4 Beds
3.5 Baths
3,694 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $875,000 $237 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,349/month

3 Days on Market

Highlights

  • Deck
  • Transitional Architecture
  • Bonus Room
  • New Eagle Elementary School Rated A+
  • 3 Fireplaces
  • Sun or Florida Room

About This Home

As of August 2022

Surprisingly spacious with over 3,600 sq ft (est) of living space on four levels, this updated, expanded split level has 4 bedrooms and 3.5 baths, and is set on a premium lot in the sought-after Wallace Woods neighborhood, in the highly ranked Tredyffrin-Easttown School District. A flat, fenced rear yard with tiered, private patios and a stunning three-season room addition are just a few of the unexpected highlights of this wonderful property. On the main level you'll be greeted by a sunny and spacious living room with hardwood floors, a fabulous bay-front window and brick-front fireplace (propane). The adjacent breakfast/ dining area is open to the updated kitchen with cherry cabinetry (dove-tail construction) a roomy center island, granite countertops, tumbled tile backsplash and newer stainless appliances. Flow from the kitchen out to the magazine-worthy three season room, featuring a handsome stacked-stone (propane) fireplace accented by a reclaimed-wood mantle; walls of windows overlooking the back yard and tiered patios; a vaulted ceiling with knotty-pine tongue-in groove wood paneling with crossbeams; low maintenance, easy-care Azek decking/ flooring - and even a custom wood-topped bar with beverage fridge. (This room is well-insulated to provide comfortable three-season enjoyment but is not currently actively heated or cooled. The installation of a “mini-split” system could transform this space for year-round living.) The lower level (half-a-flight of stairs from the kitchen) features super-spacious family room/ recreation room (with a wood-burning fireplace), a powder room, plus a “bonus” room that could be purposed as a home office, study space - or used as it is currently, as a home gym. Upstairs are four bedrooms and three full baths spread out on three levels - for both comfort and privacy . On the second level you’ll find a spacious primary suite (wait until you see the walk-in closet!) with a large en-suite full bath (double-sink vanity, walk-in shower, soaking tub and private WC), an updated hall bath, and bedroom 2. Just half a flight up (on the third level) is bedroom 3, a third full bath, and laundry. There may be an argument about who gets bedroom 4 (on the fourth level) - with extra privacy and charming dormer windows. Outside, the large, fenced back yard is accented by two private, tiered patios – a flagstone patio accessible from the three-season room, and a lower-level paver patio with a built-in fire-pit, and hot tub (included). The oversized, attached two-car garage has plenty of space for extra storage, and inside entry to the lower level. A home energy audit (2019) increased the energy efficiency of this home with new insulation throughout, plus the installation of a new high-efficiency water heater and heat-pump system (19 SEER with inverter and oil back up), resulting in a significant reduction in fuel consumption. This well-maintained home also features solid pine doors (with new molding) throughout the main living level and primary suite level, newer backyard fencing (2019), newer stainless dishwasher and refrigerator (2018), and new washer and dryer (2022, included). For peace-of-mind, pre-listing home and termite inspection reports are available on request, along with floor plan sketches and an appraiser's calculation of gross living area. Note: Public records reflect lot size as 0.46 acres but other documents reflect 0.74 acres. (All floor-plans, room measurements and lot size are approximate, not guaranteed, and should be verified by Buyer's own due diligence). Located just minutes from downtown Wayne and the King of Prussia Town Center. Less than 2 miles to the commuter rail station (Strafford), and fast, easy access to Rte 202, Rte 76, and the PA turnpike. Move in before school starts!

Last Agent to Sell the Property

Sue Fitzgerald

(610) 209-9238 susan.fitzgerald@compass.com Compass RE Listed on: 07/21/2022

Compass RE

Last Buyer's Agent

Debbie Particelli

(610) 506-9548 debbie.particelli@compass.com Compass RE

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,835

Year Built

  • Built in 1956 | Remodeled in 2009

Lot Details

  • 0.74 Acre Lot

Parking

  • 2 Car Direct Access Garage
  • 3 Driveway Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Transitional Architecture
  • Traditional Architecture
  • Split Level Home
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • Property has 4 Levels
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Living Room
  • Breakfast Room
  • Bonus Room
  • Sun or Florida Room
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Schools

  • Conestoga High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Back Up Oil Heat Pump System
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Wallace Woods Subdivision

Listing and Financial Details

  • Tax Lot 0027
  • Assessor Parcel Number 43-06K-0027

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,835

Year Built

Built in 1956 | Remodeled in 2009

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Level, Traditional, Transitional
  • Ownership: Fee Simple
  • Exclusions: Mounted Wine-Opener in Three-Season Room. Free-Standing Sauna in Gym. Gym Equipment. Extra Fridge in Garage. Removable shelving and two workbenches in garage (not affixed). Free-standing Bar in Lower Level Family Room. All other personal property. Propane
  • Inclusions: In "as-is" condition: hot tub, shed, washer and dryer, refrigerator and built-in kitchen appliances, beverage fridge in the three-season room.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2, Upper 3
  • Expected On Market: 2022-07-21
  • Year Built: 1956
  • Year Renovated: 2009
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Gas/Propane, Wood
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 4
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Breakfast Room, Sun/Florida Room, Laundry, Bathroom 2, Bathroom 3, Bonus Room, Primary Bathroom, Half Bath
  • Basement: Yes
  • Laundry Type: Upper Floor
  • Total Sq Ft: 3694
  • Living Area Sq Ft: 3694
  • Price Per Sq Ft: 352.02
  • Above Grade Finished Sq Ft: 2372
  • Below Grade Finished Sq Ft: 1322
  • Total Below Grade Sq Ft: 1322
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Brick, Vinyl Siding, Stucco
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Inside Access, Oversized, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Oil
  • Heating Type: Hot Water, Forced Air, Heat Pump - Oil Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

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

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: CONESTOGA

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 192420.00
  • Land Assessed Value: 50650.00
  • Lot Size Acres: 0.74
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 32314.00
  • Outdoor Living Structures: Enclosed, Deck(s), Patio(s)
  • Zoning: RESIDENTIAL

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 317131
  • School Tax: 6104.00
  • Tax Annual Amount: 7835.00
  • Assessor Parcel Number: 43-06K-0027
  • Tax Lot: 0027
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: TREDYFFRIN-EASTTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 19, 2022
Sold by
Reiss Steven J
Bought by
Mohiuddin Mansoor
Seller's Agent
Sue Fitzgerald
Compass RE
Buyer's Agent
Debbie Particelli
Compass RE
List Price
$835,000
Sold Price
$875,000
Premium/Discount to List
$40,000
4.79%
Views
2
Current Estimated Value
$1,078,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,642
Avg. Annual Appreciation
6.51%
Original Mortgage
$656,250
Outstanding Balance
$627,557
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$451,085

Purchase Details

Closed on
Jun 8, 2010
Sold by
Summit Group I Incorporated
Bought by
Reiss Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2008
Sold by
Thomas Jeffrey W and Thomas Rhonda L
Bought by
Summit Group I Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mohiuddin Mansoor $875,000 --
Reiss Steven J $592,500 First American Title Ins Co
Summit Group I Inc $340,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohiuddin Mansoor $656,250
Previous Owner Reiss Steven J $417,000
Previous Owner Summit Group I Inc $423,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $875,000 +4.8% $237 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $835,000 0.0% $226 / Sq Ft
01/04/2014 01/04/14 Rented $2,700 0.0% --
11/01/2013 11/01/13 Under Contract -- -- --
10/25/2013 10/25/13 For Rent $2,700 -- --
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 $8,562 $243,070 $50,650 $192,420
2024 $8,562 $243,070 $50,650 $192,420
2023 $8,042 $243,070 $50,650 $192,420
2022 $7,835 $243,070 $50,650 $192,420
2021 $7,686 $243,070 $50,650 $192,420
2020 $7,081 $230,290 $50,650 $179,640
2019 $6,857 $230,290 $50,650 $179,640
2018 $6,722 $230,290 $50,650 $179,640
2017 $6,561 $230,290 $50,650 $179,640
2016 -- $230,290 $50,650 $179,640
2015 -- $230,290 $50,650 $179,640
2014 -- $230,290 $50,650 $179,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACT2028488

Bright MLS

APN: 43-06K-0027.0000