tomo logo

$569,000

Beds
5
Baths
2.5
sq ft
2,160

116 N New St, West Chester, PA 19380

116 N New St

WEST CHESTER, PA 19380

  • Pending
    • Price drop $10,900↓
Seller offering a 2-1 rate down, lowering the buyers interest rate by 2% below market year 1, and 1% below market year 2 of their mortgage with buyer using seller preferred lender and title company. This versatile 5-bedroom home offers endless possibilities for savvy investors or homeowners. Live in the owner's suite while renting out the other bedrooms to offset your mortgage - perfect for building wealth while living in one of West Chester's most desirable locations. The modern kitchen with island becomes a natural gathering spot, while 2.5 bathrooms ensure comfort and privacy for all residents. Each of the 5 generously-sized bedrooms provides excellent rental potential or flexible living space. Whether you're looking to house hack your way to financial freedom or need space for a large household, this property delivers both comfort and smart investment potential. Located steps from West Chester's vibrant downtown scene, restaurants, and shopping. Make your housing costs work for you! Contact us today to explore this unique opportunity.

Details

Property type

Townhouse

Est. home value

$479,644

Lot size

Unknown

Price per sq ft

$264

Year built

1900

Annual property taxes

$3,614

HOA

No

Price History

12/22/2024
Bright

Bright #PACT2086018

Pending
$569,000
11/27/2024
Bright

Bright #PACT2086018

Price change
$569,000
-5.17%
10/31/2024
Bright

Bright #PACT2086018

Listed
$600,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

WEST CHESTER AREA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Iron Workers Bank

Loan start date

October 2014

Original loan amount

$245,000

Est. remaining balance

$145,233

Interest rate

4.1%

Loan type

Not Provided, 20 year

Seller

Vanguard Real Estate Solutions Llc

Lender

Iron Workers Bank

Loan start date

October 2014

Original loan amount

$245,000

Est. remaining balance

$145,233

Interest rate

4.1%

Loan type

Not Provided, 20 year

Seller

Vanguard Real Estate Solutions Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Pending/Under Contract

Tomo last checked: 12/22/2024 at 7:05 AM

Listing updated: 12/22/2024 at 5:49 AM

Listed by: Erica Dionn Wright, VRA Realty Phone #: (484) 800-1777

MLS: Bright #PACT2086018

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