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1261 Memory Lane

1261 Memory Lane, West Chester, PA 19380
Property in West Whiteland
Sold Jun 24, 2002
$166,000
$157,700 by Gmac Mtg
Mortgage Due Jul 01, 2032
1261 Memory Lane in West Chester, PA was first built in 1959 and is 65 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 ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1261 Memory Lane has 1,064 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. In total, the area measurement of the land is 18,500 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Water for the property is sourced from a water 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. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a forced air unit and being fueled with oil. 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, 1261 Memory Lane was last sold in Jun 20, 2002 for $166,000. According to our calculations, that's $156.02 per sqft. Current property owners are expected to pay $3,362 in taxes per year. The property on 1261 Memory Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $121,380. To break that down further, the land itself was valued at $40,200. While improvements to the property were assessed at a total of $81,180. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,500
  • Total Building Area: 1,064
  • Gross Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,064
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SUNSET GROVE
  • Land Acres: 0.425
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 49 DWG & POOL

Ownership

  • Current Owner : BENSON WILTON W
  • Current Owner 2: BENSON ELAINE M
  • Previous Owner : FLANAGAN JOHN J
  • Previous Owner 2: FLANAGAN MARY ELEANOR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Chester Area School District
  • School Tax School District: WEST CHESTER
  • Census Tract: 302203

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 31-G3
  • District: 41
  • Parcel: 4108 01510500
  • Lot: 49
  • Municipality: W. WHITELAND
  • Latitude: 39.9984
  • Longitude: -75.6344

    Address

  • Full Address: 1261 Memory Ln
  • Address - House Number: 1261
  • Address - Street Name: Memory
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: West Chester
  • Carrier Code: C063
  • 4-Digit Zip Code: 1036
  • Zip Code: 19380

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,362
  • Tax Rate Code Area: 41

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 80
  • Final Value: 403,642
  • High Value: 468,106
  • Low Value: 339,177

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $197,700
  • First Open Lien Mortgage Lender: GMAC MTG
  • First Open Lien Mortgage Recording Date: Jun 24, 2002
  • First Open Lien Mortgage Loan Amount: $157,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2032
  • Second Open Lien Mortgage Lender: CITADEL FCU
  • Second Open Lien Mortgage Recording Date: Feb 19, 2015
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $40,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 25, 2040

    Market Valuation

  • Market Total Value: $125,770
  • Market Land Value: $40,200
  • Market Improvement Value: $85,570

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $121,380
  • Assessed Land Value: $40,200
  • Assessed Improvements Value: $81,180

    Sales

  • Current Sale Contract Date: Jun 20, 2002
  • Current Sale Recording Date: Jun 24, 2002
  • Current Sale Transaction ID: 1124206271
  • Current Sale Price: $166,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10098131

    Last Sale Mortgage

  • First Mortgage Lender: GMAC MTG
  • First Mortgage Transaction Date: Jun 24, 2002
  • First Mortgage Loan Amount: $157,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jul 01, 2032

About Chester



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Frequently Asked Questions

What neighborhood is 1261 Memory Lane located in?
The 1261 Memory Lane is a located in the neighborhood of West Whiteland in Chester, West Chester.
What is the average sales price for listings in 1261 Memory Lane?
The average sales price for units in 1261 Memory Lane is $0 currently.

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