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531 Penrose Lane

531 Penrose Lane, Warminster, PA 18974
Property in Warminster
Sold Jul 17, 1981
$67,900
$244,000 by Taylor Bean & Whitaker Mortgag
Mortgage Due Sep 01, 2038
Local assessors in Warminster, PA have categorized 531 Penrose Lane as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 11,060 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 790 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 531 Penrose Lane has a total of 2,200 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 air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jul 17, 1981 for $67,900. That's $30.86 per sqft. 531 Penrose Lane was last assessed in 2023. The total value of the property was assessed at $26,800. Specifically, the land the property is located on was valued at $5,040. While improvements on the property were assessed at a total of $21,760. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,482. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Construction Type: Frame
  • Building Style: Conventional
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,060
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 790
  • Total Building Area: 2,200
  • Building Area: 2,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GLENVIEW PARK
  • Land Acres: 0.254
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: GLENVIEW PARK SEC D LOT # 461 79X140

Ownership

  • Current Owner : BURLINGAME JAMES E
  • Current Owner 2: BURLINGAME KATHLEEN L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Centennial School District
  • School Tax School District: CENTENNIAL SD
  • Census Tract: 101609

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 49-016
  • District: 49
  • Parcel: 49-016-158
  • Block: 16
  • Lot: 461
  • Municipality: WARMINSTER TOWNSHIP
  • Latitude: 40.2114
  • Longitude: -75.0905

    Address

  • Full Address: 531 Penrose Ln
  • Address - House Number: 531
  • Address - Street Name: Penrose
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Warminster
  • Carrier Code: C049
  • 4-Digit Zip Code: 2732
  • Zip Code: 18974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,482
  • Tax Rate Code Area: 49

    Appraisal Valuation

  • Standard Deviation: 0.1602
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 476,707
  • High Value: 553,086
  • Low Value: 400,327

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $244,000
  • First Open Lien Mortgage Lender: TAYLOR BEAN & WHITAKER MORTGAG
  • First Open Lien Mortgage Recording Date: Aug 18, 2008
  • First Open Lien Mortgage Loan Amount: $244,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2038

    Market Valuation

  • Market Total Value: $285,106
  • Market Land Value: $53,617
  • Market Improvement Value: $231,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,800
  • Assessed Land Value: $5,040
  • Assessed Improvements Value: $21,760

    Sales

  • Current Sale Contract Date: Jul 17, 1981
  • Current Sale Recording Date: Jul 17, 1981
  • Current Sale Transaction ID: 1714340452
  • Current Sale Price: $67,900
  • Current Sale Document Type: Deed

About Bucks



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Frequently Asked Questions

What neighborhood is 531 Penrose Lane located in?
The 531 Penrose Lane is a located in the neighborhood of Warminster in Bucks, Warminster.
What is the average sales price for listings in 531 Penrose Lane?
The average sales price for units in 531 Penrose Lane is $0 currently.

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