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1585 Grey Lane

1585 Grey Lane, Warminster, PA 18974
House in Warminster
Sold Aug 06, 2020
$350,000
$260,000 by Huntingdon Valley Bank
Mortgage Due Aug 01, 2050
Sold Aug 17, 1989
$152,500
Local assessors in Warminster, PA have categorized 1585 Grey Lane as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 20,900 square feet. The linear feet between the front and back of the lot was measured at 2,090 ft and the front of the lot was measured at 1,000 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler 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 are 2 full bathrooms. There are also 2 partial bathrooms. 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 1585 Grey Lane has a total of 1,500 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 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 electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1585 Grey Lane sold most recently in Jul 23, 2020 for a total of $350,000. If you work out the math, that's approximately a cost of $233.33 per sqft. Before that, the property was also sold for $152,500 in Aug 17, 1989. 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 $7,610 in taxes each year. 1585 Grey Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $37,200. If we break it down further, the land itself was valued at $8,640. Improvements to the property, however, were assessed at a total of $28,560. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,900
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,500
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BRISTOL VALLEY
  • Land Acres: 0.48
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT #42 BRISTOL VALLEY 100X209

Ownership

  • Current Owner : ZAMA VASILE
  • Current Owner 2: ZAMA INA
  • Previous Owner : DESKA MARIANNE P
  • Previous Owner 2: DESKA EDWARD W
  • Owner Before Previous Owner: FOSTER WALTER S
  • Owner Before Previous Owner 2: FOSTER AGNES M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Centennial School District
  • School Tax School District: CENTENNIAL SD
  • Census Tract: 101610

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 49-038
  • District: 49
  • Parcel: 49-038-015
  • Block: 38
  • Lot: 42
  • Municipality: WARMINSTER TOWNSHIP
  • Latitude: 40.2355
  • Longitude: -75.1108

    Address

  • Full Address: 1585 Grey Ln
  • Address - House Number: 1585
  • Address - Street Name: Grey
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Warminster
  • Carrier Code: C012
  • 4-Digit Zip Code: 1876
  • Zip Code: 18974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,610
  • Tax Rate Code Area: 49

    Appraisal Valuation

  • Standard Deviation: 0.1605
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 534,579
  • High Value: 620,382
  • Low Value: 448,775

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: HUNTINGDON VALLEY BANK
  • First Open Lien Mortgage Recording Date: Aug 06, 2020
  • First Open Lien Mortgage Loan Amount: $260,000
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $395,745
  • Market Land Value: $91,915
  • Market Improvement Value: $303,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,200
  • Assessed Land Value: $8,640
  • Assessed Improvements Value: $28,560

    Sales

  • Current Sale Contract Date: Jul 23, 2020
  • Current Sale Recording Date: Aug 06, 2020
  • Current Sale Transaction ID: 11777818738
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020051179
  • Previous Sale Recording Date: Aug 17, 1989
  • Previous Sale Contract Date: Aug 17, 1989
  • Previous Sale Amount: $152,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HUNTINGDON VALLEY BANK
  • First Mortgage Transaction Date: Aug 06, 2020
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

About Bucks



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Frequently Asked Questions

What neighborhood is 1585 Grey Lane located in?
The 1585 Grey Lane is a house located in the neighborhood of Warminster in Bucks, Warminster.
What is the average sales price for listings in 1585 Grey Lane?
The average sales price for units in 1585 Grey Lane is $0 currently.

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