NOT LISTED FOR SALE

701 7th Ave Folsom, PA 19033

Estimated Value: $272,000 - $335,000

3 Beds
2.5 Baths
1,260 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $135,000 $107 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $2,006/month

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Corner Lot
  • 4-minute walk to Triangle Park

About This Home

As of February 2019

Calling all investors, DIY handy people or first time buyers! Here is a great Ridley Twp corner twin property with really strong potential. Property has a rare expanded floor plan with a complete "dug out" basement/lower level and a semi-third floor loft. Step into this home and notice the vast open floor plan with vaulted ceilings, skylights and open concept feel. First floor boast large fully equipped kitchen with door leading outside to a private deck. Large living room with massive bay window and separate dining area that flows nicely into the kitchen. Step into the second floor and there are two large bedrooms and a hall bath. From the second floor hall, step up yet again to a custom loft that can be used as extra living space, bedroom, play space or an office. from the living room, step down to the lower level where there will be a third bedroom, a large powder room and a separate laundry area with outside access. From the lower level, you will step down to a large, dug out, sub level, perfect for entertaining. This is a very unique home and a must see for someone looking for a bargain. Convenient to everything close to parks, major roadways and public transportation. Sellers are PA licensed R/E Agents.

Last Agent to Sell the Property

Evans Zog

(610) 389-4804 evans@evansz.com RE/MAX Preferred - Newtown Square License #RS287963 Listed on: 12/07/2018

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Christopher Wharton

(484) 486-3391 cwhart91@gmail.com Long & Foster Real Estate, Inc. License #1866431

Long & Foster Real Estate, Inc.

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1950

Lot Details

  • 4,530 Sq Ft Lot
  • Lot Dimensions are 45x110
  • Front and Side Yard

Home Design

  • Semi-Detached or Twin Home
  • Colonial Architecture
  • Straight Thru Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,260 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on lower level

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

  • Edgewood Elementary School
  • Ridley Middle School
  • Ridley High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 452-000
  • Assessor Parcel Number 38-03-02185-00

Townhouse Details

Home Type

Townhome

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial, Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1950
  • Remarks Public: Calling all investors, DIY handy people or first time buyers! Here is a great Ridley Twp corner twin property with really strong potential. Property has a rare expanded floor plan with a complete "dug out" basement/lower level and a semi-third floor loft. Step into this home and notice the vast open floor plan with vaulted ceilings, skylights and open concept feel. First floor boast large fully equipped kitchen with door leading outside to a private deck. Large living room with massive bay window and separate dining area that flows nicely into the kitchen. Step into the second floor and there are two large bedrooms and a hall bath. From the second floor hall, step up yet again to a custom loft that can be used as extra living space, bedroom, play space or an office. from the living room, step down to the lower level where there will be a third bedroom, a large powder room and a separate laundry area with outside access. From the lower level, you will step down to a large, dug out, sub level, perfect for entertaining. This is a very unique home and a must see for someone looking for a bargain. Convenient to everything close to parks, major roadways and public transportation. Sellers are PA licensed R/E Agents.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: Other
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Laundry Type: Lower Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Net Sq Ft: 1260.00
  • Price Per Sq Ft: 111.03
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Brick
  • Roof: Flat, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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: RIDLEY
  • Elementary School: EDGEWOOD
  • Middle School: RIDLEY
  • High School: RIDLEY
  • School District Key: 300200397359
  • Elementary School: EDGEWOOD
  • High School: RIDLEY
  • Middle Or Junior School: RIDLEY

Lot Info

  • Improvement Assessed Value: 58880.00
  • Land Assessed Value: 32950.00
  • Land Use Code: R-10
  • Lot Features: Corner, Front Yard, Sideyard(s)
  • Lot Size Acres: 0.10
  • Lot Dimensions: 45X110
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4530.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 547028
  • Tax Annual Amount: 5106.00
  • Assessor Parcel Number: 38-03-02185-00
  • Tax Lot: 452-000
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 02/28/2019

MLS Schools

  • School District Name: RIDLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 26, 2019
Sold by
Gifted Rentals Llc
Bought by
Donnelly Joseph M and Donnelly Jillian C
Seller's Agent
Evans Zog
RE/MAX Preferred - Newtown Square
Buyer's Agent
Christopher Wharton
Long & Foster Real Estate, Inc.
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%
Current Estimated Value
$305,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,406
Avg. Annual Appreciation
13.02%
Original Mortgage
$130,950
Outstanding Balance
$115,127
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$190,279

Purchase Details

Listed on
Dec 7, 2018
Closed on
Jan 30, 2019
Sold by
Dunn Francis and Lakeview Loan Servicing Llc
Bought by
Gifted Rentals Llc
Seller's Agent
Evans Zog
RE/MAX Preferred - Newtown Square
Buyer's Agent
Christopher Wharton
Long & Foster Real Estate, Inc.
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Outstanding Balance
$115,127
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$190,279

Purchase Details

Closed on
Sep 19, 2018
Sold by
Kevin G Windsor
Bought by
Baker Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Interest Rate
4.6%

Purchase Details

Closed on
Aug 31, 2017
Sold by
Mcgrath Marie C and Mcgrath Marie A
Bought by
Mcgrath Marie A and Mcgrath Marie Anne

Purchase Details

Closed on
Sep 7, 2010
Sold by
Dunn Francis and Dunn Melissa
Bought by
Dunn Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2005
Sold by
Kalinowski Sean
Bought by
Dunn Francis and Dunn Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.07%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 24, 1998
Sold by
Robinson Helen
Bought by
Kalinowski Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,950
Interest Rate
6.68%
Mortgage Type
FHA
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
Donnelly Joseph M $135,000 None Available
Gifted Rentals Llc $90,500 None Available
Baker Michael $255,000 --
Mcgrath Marie A -- None Available
Dunn Francis -- None Available
Dunn Francis $210,600 None Available
Kalinowski Sean $97,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donnelly Joseph M $130,950
Previous Owner Baker Michael $250,381
Previous Owner Baker Michael --
Previous Owner Dunn Francis $148,000
Previous Owner Dunn Francis $130,000
Previous Owner Kalinowski Sean $96,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $135,000 -3.5% $107 / Sq Ft
01/24/2019 01/24/19 Price Changed $139,900 +7.7% $111 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/09/2019 01/09/19 Price Changed $129,900 -7.1% $103 / Sq Ft
12/20/2018 12/20/18 Price Changed $139,900 -3.5% $111 / Sq Ft
12/07/2018 12/07/18 For Sale $145,000 -- $115 / 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 $4,852 $139,730 $54,890 $84,840
2024 $4,852 $139,730 $54,890 $84,840
2023 $4,641 $139,730 $54,890 $84,840
2022 $4,492 $139,730 $54,890 $84,840
2021 $6,953 $139,730 $54,890 $84,840
2020 $5,188 $91,830 $32,950 $58,880
2019 $5,093 $91,830 $32,950 $58,880
2018 $5,029 $91,830 $0 $0
2017 $5,029 $91,830 $0 $0
2016 $504 $91,830 $0 $0
2015 $504 $91,830 $0 $0
2014 $504 $91,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE229310

Bright MLS

APN: 38-03-02185-00