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508 West Bridge Street

508 West Bridge Street, Morrisville, PA 19067
Property in Morrisville
Sold Sep 19, 2005
$150,000
$150,000 by William Penn Bank Fsb
Mortgage
Sold Aug 29, 1967
Transfer
508 West Bridge Street has been categorized by the local assessors in Morrisville, PA as a residential type of property. The building on the property was first built in 1968 and is 56 years old. The home has a total of 6 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, 508 West Bridge Street has 720 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 1,500 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 5,998 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. 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 air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 508 West Bridge Street sold most recently in Aug 22, 2005 for a total of $150,000. If you work out the math, that's approximately a cost of $208.33 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 $7,018 in taxes each year. 508 West Bridge Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,000. If we break it down further, the land itself was valued at $4,000. Improvements to the property, however, were assessed at a total of $18,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • 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
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 400
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 720
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WASHINGTON HGTS
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: LOTS #17-18 BLK 2 WASHINGTON HGTS 40X150

Ownership

  • Current Owner : ERICKSON ERIC E
  • Current Owner 2: ERICKSON SUSAN
  • Previous Owner : PORTNEY ESQ MARVIN L
  • Previous Owner 2: LEEPER ROBERT GREGORY
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Morrisville Borough School District
  • School Tax School District: MORRIS BORO SD
  • Census Tract: 105704

Zoning

  • Zoning: C3

Geography

  • Assessors Map Reference: 24-006
  • District: 24
  • Parcel: 24-006-123
  • Block: 2
  • Lot: 17-18
  • Municipality: MORRISVILLE BOROUGH
  • Latitude: 40.2042
  • Longitude: -74.7831

    Address

  • Full Address: 508 W Bridge St
  • Address - House Number: 508
  • Street Direction: W
  • Address - Street Name: Bridge
  • Address - Suffix Type: St
  • State: PA
  • City Name: Morrisville
  • Carrier Code: C026
  • 4-Digit Zip Code: 2376
  • Zip Code: 19067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,018
  • Tax Rate Code Area: 24

    Appraisal Valuation

  • Standard Deviation: 0.2032
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 249,414
  • High Value: 300,100
  • Low Value: 198,728

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: WILLIAM PENN BANK FSB
  • First Open Lien Mortgage Recording Date: Sep 19, 2005
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: WILLIAM PENN BANK
  • Second Open Lien Mortgage Recording Date: Nov 20, 2008
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $45,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $234,042
  • Market Land Value: $42,553
  • Market Improvement Value: $191,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $18,000

    Sales

  • Current Sale Contract Date: Aug 22, 2005
  • Current Sale Recording Date: Sep 19, 2005
  • Current Sale Transaction ID: 11453139534
  • Current Sale Price: $150,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2005126079
  • Previous Sale Recording Date: Aug 29, 1967
  • Previous Sale Contract Date: Aug 29, 1967
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: WILLIAM PENN BANK FSB
  • First Mortgage Transaction Date: Sep 19, 2005
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 508 West Bridge Street located in?
The 508 West Bridge Street is a located in the neighborhood of Morrisville in Morrisville, Morrisville.
What is the average sales price for listings in 508 West Bridge Street?
The average sales price for units in 508 West Bridge Street is $0 currently.

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