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1358 School Lane

1358 School Lane, Bensalem, PA 19020
Property in Bensalem
Sold Nov 14, 2007
$200,000
$298,738 by Rocket Mortgage Llc
Mortgage Due Aug 01, 2053
Sold Nov 09, 1981
$51,000
Local assessors in Bensalem, PA have categorized 1358 School Lane as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 8,250 square feet. The linear feet between the front and back of the lot was measured at 1,650 ft and the front of the lot was measured at 500 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 5 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1358 School Lane has a total of 1,052 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. 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 frame control joints. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 1358 School Lane sold most recently in Oct 22, 2007 for a total of $200,000. If you work out the math, that's approximately a cost of $190.11 per sqft. Before that, the property was also sold for $51,000 in Nov 9, 1981. 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 $533 in taxes each year. 1358 School Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $11,600. If we break it down further, the land itself was valued at $3,120. Improvements to the property, however, were assessed at a total of $8,480. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,052
  • Building Area: 1,052
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,052
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FAIRVIEW PARK
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: FAIRVIEW PARK LOT #25 SEC C 50X165

Ownership

  • Current Owner : GROSS JUSTIN
  • Current Owner 2: LUTZ ERIKA
  • Previous Owner : FOSTER MARY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bensalem Township School District
  • School Tax School District: BENSALEM SD
  • Census Tract: 100105

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 02-032
  • District: 02
  • Parcel: 02-032-039
  • Block: 32
  • Lot: 25
  • Municipality: BENSALEM TOWNSHIP
  • Latitude: 40.0845
  • Longitude: -74.9492

    Address

  • Full Address: 1358 School Ln
  • Address - House Number: 1358
  • Address - Street Name: School
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Bensalem
  • Carrier Code: C054
  • 4-Digit Zip Code: 4144
  • Zip Code: 19020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $533
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.2047
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 320,816
  • High Value: 386,489
  • Low Value: 255,143

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $298,738
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 01, 2023
  • First Open Lien Mortgage Loan Amount: $298,738
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $123,404
  • Market Land Value: $33,191
  • Market Improvement Value: $90,213

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,600
  • Assessed Land Value: $3,120
  • Assessed Improvements Value: $8,480

    Sales

  • Current Sale Contract Date: Oct 22, 2007
  • Current Sale Recording Date: Nov 14, 2007
  • Current Sale Transaction ID: 1046113772
  • Current Sale Price: $200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2007107609
  • Previous Sale Recording Date: Nov 09, 1981
  • Previous Sale Contract Date: Nov 09, 1981
  • Previous Sale Amount: $51,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FEDERATED LENDING CORP
  • First Mortgage Transaction Date: Nov 14, 2007
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2037

About Eddington



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Unit for rent at 1942 Beech Lane, BENSALEM, PA, 19020

$2,500 /mo

  • 3 Beds
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1942 Beech Lane, BENSALEM, PA, 19020 Listing by Mark Gursky

Frequently Asked Questions

What neighborhood is 1358 School Lane located in?
The 1358 School Lane is a located in the neighborhood of Bensalem in Eddington, Bensalem.
What is the average sales price for listings in 1358 School Lane?
The average sales price for units in 1358 School Lane is $0 currently.

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