NOT LISTED FOR SALE

7 Merrick Dr Unit DRD Newtown, PA 18940

Central Bucks County Neighborhood

Estimated Value: $2,399,000 - $3,920,000

4 Beds
6 Baths
6,200 Sq Ft
$496/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $2,779,395 $448 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $19,126/month

Highlights

  • Eat-In Gourmet Kitchen
  • View of Trees or Woods
  • Dual Staircase
  • Sol Feinstone Elementary School Rated A
  • 4.11 Acre Lot
  • Colonial Architecture

About This Home

As of January 2022

Stately Mid 1700 Reproduction Manor Home in the prestigious Merrick Farm enclave of custom residences. Nestled amongst 90 acres of preserved open space, this Worthington and Shagen "Masterpiece" has achieved architectural harmony within its bucolic setting. The historical replication features a large reception foyer, cherry paneled library, formal Living and Dining rooms and Gathering Room with a stone walk in fireplace. Exposed stone walls, deep silled windows, varied width pumpkin pine floors, exquisite custom millwork and beamed ceilings highlight quality and craftsmanship throughout this home which must been seen to be deeply appreciated. The gourmet kitchen features an oversized butcher block cherry island, soapstone countertops, Wolf stove, Wolf double wall ovens and SubZero paneled refrigerator. Upstairs you will find the main suite with a fireplace, walk-in closet, and its own private bath with claw foot tub, frameless shower and heated floors. Two other spacious bedrooms have their own full bath and the third bedroom has a Jack and Jill bath. The third floor is finished and features a large room that could be used as an additional bedroom and a full bath ideal for use as a guest or au pair suite. There is also a bonus room above the garage that could be used as a home office, theatre, gym or studio. The walkout lower level has a dog wash area and the remaining space is unfinished offering endless possibilities. Two car attached & Two car detached garages. Bluestone patios. Enjoy the historical charm of this reproduction without old house challenges. “State of the Art” quality construction and mechanical systems. Extensive period millwork & detailing. Easy commute to I 295 & the Hamilton & Yardley Train Stations. If you prefer understated elegance, quality, style and privacy in a superior Upper Makefield location, look no further.

Last Agent to Sell the Property

Jay Spaziano

(215) 292-5898 jay@jayspaziano.com Jay Spaziano Real Estate License #0894683 Listed on: 04/20/2021

Last Buyer's Agent

Jay Spaziano

(215) 292-5898 jay@jayspaziano.com Jay Spaziano Real Estate License #0894683 Listed on: 04/20/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,863

Year Built

  • Built in 2005

Lot Details

  • 4.11 Acre Lot
  • Extensive Hardscape
  • Property is zoned CM

HOA Fees

  • $352 Monthly HOA Fees

Parking

  • 4 Garage Spaces | 2 Direct Access and 2 Detached
  • Side Facing Garage

Property Views

  • Woods
  • Garden

Home Design

  • Colonial Architecture

Interior Spaces

  • 6,200 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • 5 Fireplaces
  • Family Room Off Kitchen
  • Dining Area
  • Wood Flooring
  • Laundry on upper level
  • Attic

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Space For Rooms

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Heating System Powered By Leased Propane
  • Radiant Heating System
  • Well
  • Oil Water Heater
  • On Site Septic

Community Details

  • Merrick Farm Subdivision

Listing and Financial Details

  • Tax Lot 029-031
  • Assessor Parcel Number 47-008-029-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,863

Year Built

Built in 2005

Lot Details

0

HOA Fees

$352 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 2005
  • Automatically Close On Close Date: Yes
  • Remarks Public: Stately Mid 1700 Reproduction Manor Home in the prestigious Merrick Farm enclave of custom residences. Nestled amongst 90 acres of preserved open space, this Worthington and Shagen "Masterpiece" has achieved architectural harmony within its bucolic setting. The historical replication features a large reception foyer, cherry paneled library, formal Living and Dining rooms and Gathering Room with a stone walk in fireplace. Exposed stone walls, deep silled windows, varied width pumpkin pine floors, exquisite custom millwork and beamed ceilings highlight quality and craftsmanship throughout this home which must been seen to be deeply appreciated. The gourmet kitchen features an oversized butcher block cherry island, soapstone countertops, Wolf stove, Wolf double wall ovens and SubZero paneled refrigerator. Upstairs you will find the main suite with a fireplace, walk-in closet, and its own private bath with claw foot tub, frameless shower and heated floors. Two other spacious bedrooms have their own full bath and the third bedroom has a Jack and Jill bath. The third floor is finished and features a large room that could be used as an additional bedroom and a full bath ideal for use as a guest or au pair suite. There is also a bonus room above the garage that could be used as a home office, theatre, gym or studio. The walkout lower level has a dog wash area and the remaining space is unfinished offering endless possibilities. Two car attached & Two car detached garages. Bluestone patios. Enjoy the historical charm of this reproduction without old house challenges. “State of the Art” quality construction and mechanical systems. Extensive period millwork & detailing. Easy commute to I 295 & the Hamilton & Yardley Train Stations. If you prefer understated elegance, quality, style and privacy in a superior Upper Makefield location, look no further.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Additional Stairway, Attic, Breakfast Area, Built-Ins, Chair Railings, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Pantry, Primary Bath(s), Upgraded Countertops, Wainscotting, Walk-In Closet(s), Wood Floors
  • Fireplaces Count: 5
  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Walkout Level, Unfinished, Space For Rooms
  • Laundry Type: Upper Floor
  • Total Sq Ft: 6200
  • Living Area Sq Ft: 6200
  • Price Per Sq Ft: 483.06
  • Above Grade Finished Sq Ft: 6200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 3
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Mixed
  • Exterior Features: Extensive Hardscape, Exterior Lighting
  • View: Garden/Lawn, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 4227.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: COUNCIL ROCK
  • School District Key: 300200397420
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 149340.00
  • Land Assessed Value: 24680.00
  • Land Use Code: 1010
  • Lot Size Acres: 4.11
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 179206.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2021
  • Zoning: CM

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 185187
  • School Tax: 23111.00
  • Tax Annual Amount: 28863.00
  • Assessor Parcel Number: 47-008-029-031
  • Tax Lot: 029-031
  • Tax Total Finished Sq Ft: 5860
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 01/04/2022

MLS Schools

  • School District Name: COUNCIL ROCK

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Nov 18, 2021
Sold by
Stattman Dennis
Bought by
Lehr Family Trust and Lehr
Seller's Agent
Jay Spaziano
Jay Spaziano Real Estate
Buyer's Agent
Jay Spaziano
Jay Spaziano Real Estate
List Price
$3,395,000
Sold Price
$2,779,395
Premium/Discount to List
-$615,605
-18.13%
Current Estimated Value
$3,073,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,636
Avg. Annual Appreciation
2.72%
Original Mortgage
$2,501,177
Outstanding Balance
$2,295,065
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$777,966

Purchase Details

Closed on
Mar 5, 2012
Sold by
Stattman Dennis and Ringer Sarah
Bought by
Stattman Dennis

Purchase Details

Closed on
Dec 27, 2006
Sold by
William E Worthington Custom Builder Inc
Bought by
Stattman Dennis and Ringer Sarah

Purchase Details

Closed on
Mar 31, 2004
Sold by
J P Morgan Trust Co Of Delaware
Bought by
Lehman John F and Lehman Barbara W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,734,000
Interest Rate
5.56%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Lehr Family Trust $2,779,395 Tohickon Settlement Services
Stattman Dennis -- None Available
Stattman Dennis $2,625,000 None Available
Lehman John F $525,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lehr Family Trust $2,501,177
Previous Owner Lehman John F $1,734,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2022 01/04/22 Sold $2,779,395 -7.2% $448 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $2,995,000 -11.8% $483 / Sq Ft
04/20/2021 04/20/21 For Sale $3,395,000 -- $548 / 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 $29,767 $174,020 $24,680 $149,340
2024 $29,767 $174,020 $24,680 $149,340
2023 $28,951 $174,020 $24,680 $149,340
2022 $28,802 $174,020 $24,680 $149,340
2021 $28,412 $174,020 $24,680 $149,340
2020 $27,731 $174,020 $24,680 $149,340
2019 $27,088 $174,020 $24,680 $149,340
2018 $26,584 $174,020 $24,680 $149,340
2017 $25,855 $174,020 $24,680 $149,340
2016 $26,246 $174,020 $24,680 $149,340
2015 -- $174,020 $24,680 $149,340
2014 -- $174,020 $24,680 $149,340
Source: Public Records

Agents Affiliated with this Home

  • Jay Spaziano

    Seller's Agent in 2022

    Jay Spaziano

    Jay Spaziano Real Estate

    (215) 292-5898

    132 in this area

    458 Total Sales

    Jay Spaziano
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Map

Source: Bright MLS

MLS Number: PABU525210

Bright MLS

APN: 47-008-029-031

Pennsylvania Bucks County Newtown 18940 Central Bucks County

7 Merrick Dr Unit DRD, Newtown, PA

This home is located at 7 Merrick Dr Unit DRD, Newtown, PA 18940 since 20 April 2021 and is currently estimated at $3,073,031, approximately $495 per square foot. This property was built in 2005. 7 Merrick Dr Unit DRD is a home located in Bucks County with nearby schools including Sol Feinstone Elementary School, Newtown Middle School, and Council Rock High School North.

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