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$825,000

Beds
5
Baths
2.5
sq ft
3,627

571 N Newtown Street Rd, Newtown Square, PA 19073

571 N Newtown Street Rd

NEWTOWN SQUARE, PA 19073

  • Pending
    • Price drop $50,000↓
Historic Quality or New Construction - A Building Site Opportunity Residence and Bank Barn existing on site. Perfectly situated, near Episcopal Academy and Newtown Square, this historic property is ready for a new owner seeking a wonderful barn for a home occupation or studio. The residence, could be preserved as an historic, gracious home and improved with additions and features up to contemporary standards or, demolished to allow for a significant, sophisticated new home on 1.5 acres adjacent to Aronimink Golf Club. The property enjoys south-eastern exposure for proper sun orientation on the living side (rear) elevation. A site plan attached, indicates a proposed new construction footprint to relate to the picturesque bank barn structure. Privacy is assured as neighboring Aronimink Golf Club open space lies behind a stand of protective trees. The available photos convey the current house of 3,600 square feet in move-in condition, even if only while building a new home on the site. The stone bank barn (previously used for a Veterinary practice) provides excellent space for a variety of uses and is situated to add a private, compound feel to the property. Need an art studio? A home work space? Party barn? (approx. 2,000 sq. ft. on each floor). This structure is ready to be remodeled into your dream space. Come and tour the grounds, barn and residence with me and see the possibilities.

Details

Property type

Single Family Residence

Est. home value

$1,105,714

Lot size

1.5 acres

Price per sq ft

$228

Year built

1810

Annual property taxes

$8,598

HOA

No

Price History

10/04/2024
Bright

Bright #PADE2060664

Pending
$825,000
09/30/2024
Bright

Bright #PADE2060664

Price change
$825,000
-5.71%
08/13/2024
Bright

Bright #PADE2060664

Price change
$875,000
-2.23%

Schools & Community

Elementary school: 

Unknown

Middle school: 

PAXON HOLLOW

High school: 

MARPLE NEWTOWN

School district: 

MARPLE NEWTOWN

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

Orrstown Bank

Loan start date

March 2022

Original loan amount

$1,735,000

Est. remaining balance

Not provided

Interest rate

3.55%

Loan type

Commercial

Seller

Fox Valley Veterinary Services Llc

Lender

Orrstown Bank

Loan start date

March 2022

Original loan amount

$987,900

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Commercial, 10 year

Seller

Fox Valley Veterinary Services 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: 11/03/2024 at 7:45 AM

Listing updated: 10/13/2024 at 1:46 PM

Listed by: Neil F Trueblood, Compass RE Phone #: (267) 435-8015

MLS: Bright #PADE2060664

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