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1 Cherry Lane

1 Cherry Lane, Newtown Square, PA 19073
Property in Newtown
Sold Feb 26, 2013
$730,000
$477,000 by Envoy Mortgage Ltd
Mortgage Due Feb 01, 2035
Sold Nov 18, 2004
$815,000
$650,000 by Gateway Funding Diversified Mt
Mortgage Due Nov 01, 2034
Local assessors in Newtown Square, PA have categorized 1 Cherry Lane as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 29,560 square feet. The linear feet between the front and back of the lot was measured at 1,136 ft and the front of the lot was measured at 1,843 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1 Cherry Lane has a total of 4,652 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with stone control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1 Cherry Lane was last sold in Feb 21, 2013 for $730,000. According to our calculations, that's $156.92 per sqft. Prior to that sales transaction, the property was sold for $815,000 in Oct 20, 2004. Current property owners are expected to pay $10,716 in taxes per year. The property on 1 Cherry Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $664,920. To break that down further, the land itself was valued at $186,380. While improvements to the property were assessed at a total of $478,540. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Stone
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 29,560
  • Lot Size Depth Feet: 1,136
  • Lot Size Frontage Feet: 1,843
  • Total Building Area: 4,652
  • Gross Building Area: 4,652
  • Building Area: 4,652
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,652
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SPRINGTON POINTE ESTATES
  • Land Acres: 0.679
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2STY HSE 3C GAR 184.31 X 113.55 LOT 63

Ownership

  • Current Owner : FUNKHOUSER CHRISTINE A
  • Current Owner 2: FUNKHOUSER DANIEL E
  • Previous Owner : CHUNG JESSICA
  • Previous Owner 2: CHUNG BRIAN
  • Owner Before Previous Owner: VALDES EMILIO M
  • Owner Before Previous Owner 2: VALDES CHRIS C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Marple Newtown School District
  • School Tax School District: MARPLE NEWTOWN
  • Census Tract: 409902

Geography

  • Assessors Map Reference: 30-37
  • Account Number: 3037010001
  • District: 30
  • Parcel: 30-00-00443-10
  • Block: 3
  • Lot: 63
  • Municipality: NEWTOWN TOWNSHIP
  • Latitude: 39.9703
  • Longitude: -75.4104

    Address

  • Full Address: 1 Cherry Ln
  • Address - House Number: 1
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Newtown Square
  • Carrier Code: C020
  • 4-Digit Zip Code: 3950
  • Zip Code: 19073

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,716
  • Tax Rate Code Area: 30

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 1,105,718
  • High Value: 1,340,468
  • Low Value: 870,967

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $477,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Feb 05, 2020
  • First Open Lien Mortgage Loan Amount: $477,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2035

    Market Valuation

  • Market Total Value: $664,920
  • Market Land Value: $186,380
  • Market Improvement Value: $478,540

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,920
  • Assessed Land Value: $186,380
  • Assessed Improvements Value: $478,540

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 21, 2013
  • Current Sale Recording Date: Feb 26, 2013
  • Current Sale Transaction ID: 1125878538
  • Current Sale Price: $730,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2013013822
  • Previous Sale Recording Date: Nov 18, 2004
  • Previous Sale Contract Date: Oct 20, 2004
  • Previous Sale Amount: $815,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Feb 26, 2013
  • First Mortgage Loan Amount: $584,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: GATEWAY FUNDING DIVERSIFIED MT
  • Previous Mortgage Transaction Date: Nov 18, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $650,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2034

About Delaware



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Frequently Asked Questions

What neighborhood is 1 Cherry Lane located in?
The 1 Cherry Lane is a located in the neighborhood of Newtown in Delaware, Newtown Square.
What is the average sales price for listings in 1 Cherry Lane?
The average sales price for units in 1 Cherry Lane is $0 currently.

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