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$799,000

Beds
5
Baths
1.0
sq ft
2,552

2 Elmwood Ave, Narberth, PA 19072

2 Elmwood Ave

NARBERTH, PA 19072

  • 94 days on market
    • Price drop $51,000↓
This is the Narberth single family home for you! The first thing you will notice is that this 1915 stone colonial has a great curb appeal surrounded by perennial flowers. The tree-lined, no-outlet street feels very private and this home is situated at the end with ample street parking. It is a walkable dream since it is within a block from the train station, just around the corner from downtown Narberth shops & restaurants, steps away from Shortridge Park and steps to Merion Elementary School in the top ranked Lower Merion School District (choice zone for high school). Lots of original details have been preserved through time maintaining the character and charm of this home. Some attractive features include: original hardwood floors, high baseboard moldings, high ceilings, crown molding, oversized doorways, 4-panel Shaker style doors (glass doorknobs), built-in bookcases, windows in closets and decorative picture frame molding. Enter into the spacious foyer, experience the abundant natural light and organize your things into the coat closet. Straight ahead is the wide staircase, to the left, you see a lovely living room with a wood burning fireplace with stone surround, built-in bookcases and large windows. The living room french door opens to the enclosed side porch surrounded on all sides with large windows, exposed stone wall and door to the side yard. Currently used as a lounge area but potential for many uses. To the right of the foyer, is the formal dining room with a large bay window with custom plantation shutters for added privacy. Conveniently, the kitchen is adjacent to the dining room and opens to the garden, with wood cabinetry, stainless steel appliances plus a secondary staircase to the second floor. Right off the kitchen, enjoy the private flat yard and flagstone patio for the family BBQ's. Take the primary staircase to the 2nd floor, land in the nice sized hall, explore the deep linen closet and recently renovated bath with frameless glass shower with tile surround, ceramic tile floor, white pedestal sink and plantation shutters. The primary bedroom is spacious with a window seat between the 2 closets plus a sitting area. The 2nd and 3rd bedrooms offer built-in bookcases, a bench and closets. The third floor has the 4th and 5th bedrooms both with replacement windows and painted hardwood floors. The large closet in between the bedrooms is currently used as a home office but good to explore the potential to convert it into a shared bath for these rooms. Another consideration could be to turn this full third floor into a primary suite with a full bath and dressing room. The 4th bedroom has 2 walk-in closets for extra storage in the eaves. The large unfinished basement currently has a laundry area, utilities, Bilco doors to backyard and great storage. There is potential to finish this space to be a family room and/or gym area - a powder room is already started. Previous owner made updates to include: new front walkway (2020) plus entire interior painted (2020). Current owner updated electricity throughout the house, new Bosch dishwasher, new light fixtures, updates in the bathroom--details in Sellers Disclosure. Bring your special touches and make this home your own. Enjoy all that Narberth and surrounding neighborhoods have to offer while your family takes advantage of the top education of the Lower Merion School District.

Details

Property type

Single Family Residence

Est. home value

$758,030

Lot size

0.24 acres

Price per sq ft

$314

Year built

1915

Annual property taxes

$10,441

HOA

No

Price History

06/25/2024
Bright

Bright #PAMC2107932

Price change
$799,000
-6%
06/22/2024
Bright

Bright #PAMC2107932

Listed
$850,000
+21.43%
06/13/2022
Bright

Bright #PAMC2038224

Sold
$700,000

Schools & Community

Elementary school: 

MERION

Middle school: 

Unknown

High school: 

LOWER MERION

School district: 

LOWER MERION

Negotiation Insights

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

Seller could get up to

$203,566
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$531,514
Cash to seller
$203,566

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

June 2022

Original loan amount

$550,000

Est. remaining balance

$531,514

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Maija Komulainen and Sophie Chin

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: Active

Tomo last checked: 09/19/2024 at 11:45 PM

Listing updated: 08/21/2024 at 2:43 AM

Listed by: Frances A Prieto, Compass RE Phone #: (610) 822-3356

MLS: Bright #PAMC2107932

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