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305 Michigan Avenue

305 Michigan Avenue, Swarthmore, PA 19081
Property in Swarthmore
Sold Aug 20, 1998
$197,000
$197,000 by Swarthmore College
Mortgage Due Aug 01, 2028
305 Michigan Avenue has been categorized by the local assessors in Swarthmore, PA as a residential type of property. The building on the property was first built in 1945 and is 79 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 305 Michigan Avenue has 2,196 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 930 ft and across the front of the lot is 200 ft. The area measurement of the land has been determined as 34,717 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Cape Cod style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 305 Michigan Avenue sold most recently in Aug 13, 1998 for a total of $197,000. If you work out the math, that's approximately a cost of $89.71 per sqft. 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 $10,090 in taxes each year. 305 Michigan Avenue was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $303,800. If we break it down further, the land itself was valued at $123,530. Improvements to the property, however, were assessed at a total of $180,270. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Masonry
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 34,717
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 200
  • Total Building Area: 2,196
  • Gross Building Area: 2,196
  • Building Area: 2,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,196
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FOX DOWNEY
  • Land Acres: 0.797
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1 STY HSE ADD GAR 34 740SF

Ownership

  • Current Owner : SIMON SUNKA
  • Current Owner 2: HAYSE MICHAEL R
  • Previous Owner : BUSCH RICHARD D
  • Previous Owner 2: CRAVEN GAIL W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ridley School District
  • School Tax School District: RIDLEY SD
  • Census Tract: 410602

Geography

  • Assessors Map Reference: 38-14
  • Account Number: 3814004000
  • District: 38
  • Parcel: 38-03-01458-00
  • Block: 81
  • Municipality: RIDLEY TOWNSHIP
  • Latitude: 39.8963
  • Longitude: -75.3375

    Address

  • Full Address: 305 Michigan Ave
  • Address - House Number: 305
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Swarthmore
  • Carrier Code: C006
  • 4-Digit Zip Code: 2145
  • Zip Code: 19081

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,090
  • Tax Rate Code Area: 38

    Appraisal Valuation

  • Standard Deviation: 0.2258
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 68
  • Final Value: 492,272
  • High Value: 603,470
  • Low Value: 381,074

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $397,000
  • First Open Lien Mortgage Lender: SWARTHMORE COLLEGE
  • First Open Lien Mortgage Recording Date: Aug 20, 1998
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $197,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2028
  • Second Open Lien Mortgage Lender: FRANKLIN MINT FEDERAL CREDIT U
  • Second Open Lien Mortgage Recording Date: Jul 26, 2022
  • Second Open Lien Mortgage Loan Amount: $200,000
  • 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: Jul 15, 2047

    Market Valuation

  • Market Total Value: $303,800
  • Market Land Value: $123,530
  • Market Improvement Value: $180,270

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $303,800
  • Assessed Land Value: $123,530
  • Assessed Improvements Value: $180,270

    Sales

  • Current Sale Contract Date: Aug 13, 1998
  • Current Sale Recording Date: Aug 20, 1998
  • Current Sale Transaction ID: 1130859101
  • Current Sale Price: $197,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 060037

    Last Sale Mortgage

  • First Mortgage Lender: SWARTHMORE COLLEGE
  • First Mortgage Transaction Date: Aug 20, 1998
  • First Mortgage Loan Amount: $197,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2028

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Swarthmore



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Frequently Asked Questions

What neighborhood is 305 Michigan Avenue located in?
The 305 Michigan Avenue is a located in the neighborhood of Swarthmore in Swarthmore, Swarthmore.
What is the average sales price for listings in 305 Michigan Avenue?
The average sales price for units in 305 Michigan Avenue is $0 currently.

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