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115 Summit Lane

115 Summit Lane, Bala Cynwyd, PA 19004
Property in Bala Cynwyd
Sold Jan 05, 2021
$852,500
$682,000 by Citadel Federal Cu
Mortgage Due Jan 01, 2051
Sold Sep 20, 2001
$599,000
115 Summit Lane in Bala Cynwyd, PA was first built in 1950 and is 74 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 115 Summit Lane has 3,519 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 830 ft and the linear feet between the front and back of the lot is 1,166. In total, the area measurement of the land is 9,678 square feet.

Learn more about the property and building on this page. There is a patio. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a no garage. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with oil. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 115 Summit Lane sold most recently in Dec 11, 2020 for a total of $852,500. If you work out the math, that's approximately a cost of $242.26 per sqft. Before that, the property was also sold for $599,000 in Aug 13, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $11,911 in taxes each year. 115 Summit Lane was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $285,210. If we break it down further, the land itself was valued at $75,760. Improvements to the property, however, were assessed at a total of $209,450. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 9,678
  • Lot Size Depth Feet: 1,166
  • Lot Size Frontage Feet: 830
  • Total Building Area: 3,519
  • Gross Building Area: 3,519
  • Building Area: 3,519
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,519
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAHONEY CONSTRUCTION CO
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: ASSESSOR BLOCK-UNIT NUMBER 2G-370

Ownership

  • Current Owner : MORGENSTERN ROBERT M
  • Current Owner 2: MORGENSTERN ALYSE A
  • Previous Owner : ELBAUM DAVID M
  • Previous Owner 2: ELBAUM SEENA BETH
  • Owner Before Previous Owner: SCHMIDT LOUIS A
  • Owner Before Previous Owner 2: SCHMIDT JAN GRASCH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Lower Merion School District
  • School Tax School District: LOWER MERION
  • Census Tract: 204400

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: 40-002G
  • District: 40
  • Parcel: 40-00-60076-00-4
  • Block: 2G
  • Lot: 76
  • Municipality: LOWER MERION TOWNSHIP
  • Latitude: 40.0048
  • Longitude: -75.2374

    Address

  • Full Address: 115 Summit Ln
  • Address - House Number: 115
  • Address - Street Name: Summit
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Bala Cynwyd
  • Carrier Code: C005
  • 4-Digit Zip Code: 2918
  • Zip Code: 19004

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $11,911
  • Tax Rate Code Area: 40

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 1,045,494
  • High Value: 1,253,656
  • Low Value: 837,332

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $772,300
  • First Open Lien Mortgage Lender: CITADEL FEDERAL CU
  • First Open Lien Mortgage Recording Date: Jan 05, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $682,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Second Open Lien Mortgage Lender: ALLIANT CU
  • Second Open Lien Mortgage Recording Date: Sep 20, 2021
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $90,300
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $285,210
  • Market Land Value: $75,760
  • Market Improvement Value: $209,450

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $285,210
  • Assessed Land Value: $75,760
  • Assessed Improvements Value: $209,450

    Sales

  • Current Sale Contract Date: Dec 11, 2020
  • Current Sale Recording Date: Jan 05, 2021
  • Current Sale Transaction ID: 11815772114
  • Current Sale Price: $852,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021000853
  • Previous Sale Recording Date: Sep 20, 2001
  • Previous Sale Contract Date: Aug 13, 2001
  • Previous Sale Amount: $599,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITADEL FEDERAL CU
  • First Mortgage Transaction Date: Jan 05, 2021
  • First Mortgage Loan Amount: $682,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 115 Summit Lane located in?
The 115 Summit Lane is a located in the neighborhood of Bala Cynwyd in Bala Cynwyd, Bala Cynwyd.
What is the average sales price for listings in 115 Summit Lane?
The average sales price for units in 115 Summit Lane is $0 currently.

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