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3101 Gilbert Drive

3101 Gilbert Drive, Bensalem, PA 19020
Property in Bensalem
Sold Jan 14, 2022
$406,000
$365,400 by Lending Capital Group Inc
Mortgage Due Feb 01, 2052
Sold Mar 31, 1999
$148,000
$146,779 by Cardinal Financial Company Ltd
Mortgage Due Apr 01, 2029
3101 Gilbert Drive has been categorized by the local assessors in Bensalem, PA as a residential type of property. The building on the property was first built in 1971 and is 53 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3101 Gilbert Drive has 1,306 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 1,000 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 7,501 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 built-in garage for those who require parking. According to our sources, there is one available parking space. 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. 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 electricity. 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, 3101 Gilbert Drive sold most recently in Jan 12, 2022 for a total of $406,000. If you work out the math, that's approximately a cost of $310.87 per sqft. Before that, the property was also sold for $148,000 in Mar 26, 1999. 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 $1,195 in taxes each year. 3101 Gilbert Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,000. If we break it down further, the land itself was valued at $6,160. Improvements to the property, however, were assessed at a total of $19,840. 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. 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.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: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Construction Type: Frame
  • Building Style: Split level
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Built-in
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,306
  • Building Area: 1,306
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,306
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NESHAMINY VLY SEC 03 REV PLAN 01
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Cooperative unit (residential)
  • Legal Description 1: LOT #56 SEC 3 NESH. VALLE Y 75X100

Ownership

  • Current Owner : MARRAPU PRAKASA
  • Current Owner 2: MARRAPU SUNEETHA
  • Previous Owner : LEWIS GORDON F
  • Previous Owner 2: LEWIS LISA M
  • Owner Before Previous Owner: HANTMAN RICHARD
  • Owner Before Previous Owner 2: HANTMAN FERNE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Bensalem Township School District
  • School Tax School District: BENSALEM SD
  • Census Tract: 100206

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 02-089
  • District: 02
  • Parcel: 02-089-091
  • Block: 89
  • Lot: 56
  • Municipality: BENSALEM TOWNSHIP
  • Latitude: 40.1426
  • Longitude: -74.9354

    Address

  • Full Address: 3101 Gilbert Dr
  • Address - House Number: 3101
  • Address - Street Name: Gilbert
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Bensalem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1787
  • Zip Code: 19020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,195
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 445,331
  • High Value: 512,824
  • Low Value: 377,838

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $365,400
  • First Open Lien Mortgage Lender: LENDING CAPITAL GROUP INC
  • First Open Lien Mortgage Recording Date: Jan 14, 2022
  • First Open Lien Mortgage Loan Amount: $365,400
  • 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, 2052

    Market Valuation

  • Market Total Value: $276,596
  • Market Land Value: $65,532
  • Market Improvement Value: $211,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $6,160
  • Assessed Improvements Value: $19,840

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Transaction ID: 11877414061
  • Current Sale Price: $406,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2022003812
  • Previous Sale Recording Date: Mar 31, 1999
  • Previous Sale Contract Date: Mar 26, 1999
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LENDING CAPITAL GROUP INC
  • First Mortgage Transaction Date: Jan 14, 2022
  • First Mortgage Loan Amount: $365,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CARDINAL FINANCIAL COMPANY LTD
  • Previous Mortgage Transaction Date: Mar 31, 1999
  • Previous Mortgage Loan Amount: $146,779
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2029

About Bucks



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Frequently Asked Questions

What neighborhood is 3101 Gilbert Drive located in?
The 3101 Gilbert Drive is a located in the neighborhood of Bensalem in Bucks, Bensalem.
What is the average sales price for listings in 3101 Gilbert Drive?
The average sales price for units in 3101 Gilbert Drive is $0 currently.

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