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$2,000,000

Beds
3
Baths
2.5
sq ft
3,722

427 E Lancaster Ave Unit 2201, Wayne, PA 19087

427 E Lancaster Ave Unit 2201

WAYNE, PA 19087

  • 418 days on market
    • Price drop $250,000↓
Unleash your chic urban style in the charming and historic town of Wayne with our new stunning penthouse-like condo. Ideally situated near a variety of shops from Boyds to boutiques; restaurants and cafes from pizza to fine dining; an art center, gardens, parks, trails, top-rated schools and a train station providing a lively and welcoming community for you to explore and enjoy. Abundant glass and natural light fill the space, creating a bright and airy ambiance. With high-end modern finishes and only 10 units in the building, this home offers exclusivity and privacy. Inside, you'll find a welcoming entry foyer that leads to a flexible and open floor plan. Designed for entertaining, this unit showcases an elegant wine room with storage for 240 bottles. The 9-foot ceilings throughout create a grand and spacious atmosphere. The unit features handsome engineered hardwood flooring. The chef's kitchen is a standout feature, with premium appliances and an abundance of custom cabinetry, open shelving, and a large island topped with veined quartz counters. The unit is equipped with high-efficiency 2-zone HVAC and tech-friendly wiring for seamless connectivity. The attention to detail is evident in the splendid lighting and designer hardware throughout the home. Parking is convenient with three underground parking spaces in a secure garage with keyless entry. The lush garden courtyard adds to the privacy and serenity of the community. Don't miss the opportunity to make this urban oasis your own! Contact us today to schedule a private viewing and experience the beauty and luxury of this remarkable residence.

Details

Property type

Condominium

Est. home value

$897,893

Property condition

New Construction

Lot size

Unknown

Price per sq ft

$538

Year built

2023

Annual property taxes

$27,078.89

Monthly HOA fee

$1,370

Price History

07/04/2024
Bright

Bright #PADE2056728

Price change
$2,000,000
-11.11%
11/01/2023
Bright

Bright #PADE2056728

Listed
$2,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

RADNOR TOWNSHIP

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

$356,177
Asking price
$2,000,000
Closing costs (~8% of asking)
-$160,000
Est. remaining loan balance
-$1,483,823
Cash to seller
$356,177

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

Seller’s Loan History

Lender

M & T Bank

Loan start date

October 2023

Original loan amount

$1,500,000

Est. remaining balance

$1,483,823

Interest rate

7.12%

Loan type

New Conventional, 30 year

Seller

Carlcon 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: Active

Tomo last checked: 12/23/2024 at 2:05 AM

Listing updated: 12/13/2024 at 4:04 PM

Listed by: Marie P Gordon, Compass RE Phone #: (610) 947-0408

MLS: Bright #PADE2056728

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