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514 South Franklin Street

514 South Franklin Street, West Chester, PA 19382
Property in West Chester
Sold Aug 10, 2018
$300,000
$270,000 by Santander Bank Na
Mortgage Due Sep 01, 2048
Sold Jun 04, 2009
$223,750
$219,696 by First National Bank Of Chester
Mortgage Due Jun 01, 2039
514 South Franklin Street has been categorized by the local assessors in West Chester, PA as a residential type of property. The building on the property was first built in 1900 and is 124 years old. However, we must point out that the home was most recently renovated and altered in 1980. 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 are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 514 South Franklin Street has 1,344 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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. 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 brick control joints. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a forced air unit and being fueled with oil. 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, 514 South Franklin Street sold most recently in Aug 1, 2018 for a total of $300,000. If you work out the math, that's approximately a cost of $223.21 per sqft. Before that, the property was also sold for $223,750 in May 28, 2009. 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 $3,062 in taxes each year. 514 South Franklin Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $88,280. If we break it down further, the land itself was valued at $27,890. Improvements to the property, however, were assessed at a total of $60,390. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1900
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Brick
  • Building Style: Duplex
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,344
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT & DWG

Ownership

  • Current Owner : PATZEK LINDI MARIE
  • Previous Owner : CARMODY ROBERT
  • Owner Before Previous Owner: ERCOLANI NANCY
  • Owner Before Previous Owner 2: LENGEL PAMELA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: West Chester Area School District
  • School Tax School District: WEST CHESTER
  • Census Tract: 302600

Zoning

  • Zoning: NC2

Geography

  • Assessors Map Reference: 32-C11
  • District: 01
  • Parcel: 0110 00460000
  • Municipality: WEST CHESTER
  • Latitude: 39.9568
  • Longitude: -75.5956

    Address

  • Full Address: 514 S Franklin St
  • Address - House Number: 514
  • Street Direction: S
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: PA
  • City Name: West Chester
  • Carrier Code: C006
  • 4-Digit Zip Code: 3726
  • Zip Code: 19382

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,062
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1715
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 383,323
  • High Value: 449,068
  • Low Value: 317,579

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: SANTANDER BANK NA
  • First Open Lien Mortgage Recording Date: Aug 10, 2018
  • First Open Lien Mortgage Loan Amount: $270,000
  • 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: Sep 01, 2048

    Market Valuation

  • Market Total Value: $88,280
  • Market Land Value: $27,890
  • Market Improvement Value: $60,390

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $88,280
  • Assessed Land Value: $27,890
  • Assessed Improvements Value: $60,390

    Sales

  • Current Sale Contract Date: Aug 01, 2018
  • Current Sale Recording Date: Aug 10, 2018
  • Current Sale Transaction ID: 11492374311
  • Current Sale Price: $300,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 11623193
  • Previous Sale Recording Date: Jun 04, 2009
  • Previous Sale Contract Date: May 28, 2009
  • Previous Sale Amount: $223,750
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: SANTANDER BANK NA
  • First Mortgage Transaction Date: Aug 10, 2018
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF CHESTER
  • Previous Mortgage Transaction Date: Jun 04, 2009
  • Previous Mortgage Loan Amount: $219,696
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2039

About West Chester



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Frequently Asked Questions

What neighborhood is 514 South Franklin Street located in?
The 514 South Franklin Street is a located in the neighborhood of West Chester in West Chester, West Chester.
What is the average sales price for listings in 514 South Franklin Street?
The average sales price for units in 514 South Franklin Street is $0 currently.

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