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1248 Lakemont Road

1248 Lakemont Road, Villanova, PA 19085
Property in Villanova
Sold Mar 01, 2021
$1,285,000
$1,028,000 by Trident Mortgage Co
Mortgage Due Feb 01, 2051
Sold May 23, 1985
$110,000
1248 Lakemont Road in Villanova, PA was first built in 1988 and is 36 years old. Although, the building on the property was most recently renovated and altered in 2021. 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, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1248 Lakemont Road has 4,102 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 basement is 460 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 45,133 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 property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a no garage. The garage is 714 sqft. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. 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 gas. 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, 1248 Lakemont Road sold most recently in Jan 13, 2021 for a total of $1,285,000. If you work out the math, that's approximately a cost of $313.26 per sqft. Before that, the property was also sold for $110,000 in May 23, 1985. 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 $20,773 in taxes each year. 1248 Lakemont Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $497,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1988
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Colonial
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 460
  • Garage Type: None
  • Garage Square Area: 714
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 45,133
  • Lot Size Frontage Feet: 820
  • Total Building Area: 4,102
  • Gross Building Area: 4,102
  • Building Area: 4,102
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,102
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MADE KAZANJIAN BLDRS INC FINAL
  • Land Acres: 1.036
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: L 2

Ownership

  • Current Owner : OWENS KENNETH MICHAEL
  • Previous Owner : RUGGIERI JOSEPH A
  • Previous Owner 2: RUGGIERI ANNA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lower Merion School District
  • School Tax School District: LOWER MERION
  • Census Tract: 204800

Zoning

  • Zoning: RA

Geography

  • Assessors Map Reference: 40-013D
  • District: 40
  • Parcel: 40-00-29488-05-5
  • Block: 13D
  • Lot: 2
  • Municipality: LOWER MERION TOWNSHIP
  • Latitude: 40.0566
  • Longitude: -75.3059

    Address

  • Full Address: 1248 Lakemont Rd
  • Address - House Number: 1248
  • Address - Street Name: Lakemont
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Villanova
  • Carrier Code: C002
  • 4-Digit Zip Code: 2104
  • Zip Code: 19085

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $20,773
  • Tax Rate Code Area: 40

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 1,453,033
  • High Value: 1,702,724
  • Low Value: 1,203,342

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,028,000
  • First Open Lien Mortgage Lender: TRIDENT MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Mar 01, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $1,028,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $497,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $497,400

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Transaction ID: 11825960730
  • Current Sale Price: $1,285,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021022389
  • Previous Sale Recording Date: May 23, 1985
  • Previous Sale Contract Date: May 23, 1985
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRIDENT MORTGAGE CO
  • First Mortgage Transaction Date: Mar 01, 2021
  • First Mortgage Loan Amount: $1,028,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Villanova



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Frequently Asked Questions

What neighborhood is 1248 Lakemont Road located in?
The 1248 Lakemont Road is a located in the neighborhood of Villanova in Villanova, Villanova.
What is the average sales price for listings in 1248 Lakemont Road?
The average sales price for units in 1248 Lakemont Road is $0 currently.

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