NOT LISTED FOR SALE

905 Forest Ln Schwenksville, PA 19473

Perkiomen Township Neighborhood

Estimated Value: $8,732,219

2.68 Acres
$3,258,291 Price per Acre
116,741 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $780,000

Est. 1,020% increase in value since last sale

Current estimated payment $48,910/month

3 Days on Market

Highlights

  • View of Trees or Woods
  • 2.68 Acre Lot
  • Backs to Trees or Woods
  • Schwenksville Elementary School Rated A
  • Stream or River on Lot
  • Corner Lot

About This Lot

As of March 2023

A rare opportunity, this site is shovel ready to construct 28 apartments, 2 individual buildings each housing 14 units. This site has easy access to the Route 422 expressway to major employment centers, shopping, dining, education, and recreation. In light of the housing shortage we are experiencing this will provide the opportunity to construct modern, energy

Last Agent to Sell the Property

Terry Derstine

BHHS Fox & Roach-Collegeville Listed on: 12/14/2022

BHHS Fox & Roach-Collegeville

Last Buyer's Agent

William Eagles

Long & Foster Real Estate, Inc. License #RS346823

Long & Foster Real Estate, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,198

Lot Details

  • 2.68 Acre Lot
  • Lot Dimensions are 456.00 x 0.00
  • Corner Lot
  • Sloped Lot
  • Backs to Trees or Woods
  • Back and Side Yard
  • Property is zoned GA, Garden Apartment District

Property Views

  • Woods
  • Creek or Stream

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 20-00-00057-103

Community Details

Overview

  • No Home Owners Association

Recreation

  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$6,198

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only, Vacant
  • Historic: No
  • Federal Flood Zone: No
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 6.81
  • Street Number Modifier: 905

Exterior Features

  • Construction Completed: No
  • View: Creek/Stream, Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: PERKIOMEN VALLEY
  • School District Key: 300200397146
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Land Use Code: 2108
  • Lot Features: Corner, Backs To Trees, Rear Yard, Sideyard(s), Sloping, Stream/Creek
  • Lot Size Acres: 2.68
  • Lot Dimensions: 456.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 116741.00
  • Year Assessed: 2022
  • Zoning: GA
  • Zoning Description: Garden Apartment District
  • Farmland Preservation: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 4737.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6198.00
  • Assessor Parcel Number: 20-00-00057-103
  • Tax Lot: 46
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/31/2023

MLS Schools

  • School District Name: PERKIOMEN VALLEY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2025
Sold by
Forest Lane Apartments Llc
Bought by
Wb Investments Llc
Current Estimated Value
$8,732,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,995,779
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$4,077,779

Purchase Details

Listed on
Dec 14, 2022
Closed on
Apr 4, 2023
Sold by
Hoff Forest Lane Apartments Llc
Bought by
Forest Lane Apartments Llc
Seller's Agent
Terry Derstine
BHHS Fox & Roach-Collegeville
Buyer's Agent
William Eagles
Long & Foster Real Estate, Inc.
List Price
$795,000
Sold Price
$780,000
Premium/Discount to List
-$15,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$5,450,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2015
Sold by
Clemens Jeffrey L
Bought by
Hoff Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
3.84%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wb Investments Llc $8,700,000 Land Services Usa
Wb Investments Llc $8,700,000 Land Services Usa
Forest Lane Apartments Llc $780,000 None Listed On Document
Hoff Properties Llc $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wb Investments Llc $5,000,000
Closed Wb Investments Llc $5,000,000
Previous Owner Penn Ave Investment Llc $1,190,692
Previous Owner Forest Lane Apartments Llc $5,450,000
Previous Owner Hoff Properties Llc $300,000
Previous Owner Hoff Properties Llc $292,500
Previous Owner Clemens Jeffrey L $224,820
Previous Owner Clemens Jeffrey L $104,000
Previous Owner Clemens Jeffrey L $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $780,000 -1.9% --
12/17/2022 12/17/22 Pending -- -- --
12/14/2022 12/14/22 For Sale $795,000 -- --
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 $6,528 $134,440 $134,440 --
2023 $6,321 $134,440 $134,440 $0
2022 $6,198 $134,440 $134,440 $0
2021 $6,175 $134,440 $134,440 $0
2020 $5,849 $134,440 $134,440 $0
2019 $5,783 $134,440 $134,440 $0
2018 $5,783 $134,440 $134,440 $0
2017 $5,564 $134,440 $134,440 $0
2016 $5,512 $134,440 $134,440 $0
2015 $5,118 $134,440 $134,440 $0
2014 $5,118 $134,440 $134,440 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Derstine

    Seller's Agent in 2023

    Terry Derstine

    BHHS Fox & Roach

    (267) 992-9280

    3 in this area

    158 Total Sales

    Terry Derstine
    Section Image
  • William Eagles

    Buyer's Agent in 2023

    William Eagles

    Long & Foster Real Estate, Inc.

    (215) 740-2856

    1 in this area

    58 Total Sales

    William Eagles
    Section Image
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Map

Source: Bright MLS

MLS Number: PAMC2057714

Bright MLS

APN: 20-00-00057-103

Pennsylvania Montgomery County Schwenksville 19473 Perkiomen Township

905 Forest Ln, Schwenksville, PA

This home is located at 905 Forest Ln, Schwenksville, PA 19473 since 14 December 2022 and is currently estimated at $8,732,219. 905 Forest Ln is a home located in Montgomery County with nearby schools including Schwenksville Elementary School, Perkiomen Valley Middle School West, and Saint Mary Catholic School.

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