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542 Welcome Lane

542 Welcome Lane, Feasterville Trevose, PA 19053
Sold Mar 21, 2023
$398,900
$359,010 by Advisors Mortgage Group, L.l.c
Mortgage Due Apr 01, 2053
Sold Nov 29, 2022
$228,000
$200,000 by Logical Funding Llc
Mortgage
Local assessors in Feasterville Trevose, PA have categorized 542 Welcome Lane as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 9,601 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 542 Welcome Lane has a total of 1,366 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 542 Welcome Lane sold most recently in Mar 10, 2023 for a total of $398,900. If you work out the math, that's approximately a cost of $292.02 per sqft. Before that, the property was also sold for $228,000 in Nov 22, 2022. 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 $1,272 in taxes each year. 542 Welcome Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,400. If we break it down further, the land itself was valued at $3,960. Improvements to the property, however, were assessed at a total of $14,440. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1952
  • Effective Year Built: 1952
  • 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: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,601
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,366
  • Building Area: 1,366
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,366
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SEC G SOMERTON HIGHLANDS
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: LOTS # 54 THRU 57 SEC G SOMERTON HIGHLANDS 80X120

Ownership

  • Current Owner : HILL MARK B
  • Current Owner 2: HILL OPEL ELIZABETH
  • Previous Owner : OFFICIAL HOUSE BUYERS LLC
  • Owner Before Previous Owner: PACKER DONALD W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Neshaminy School District
  • School Tax School District: NESHAMINY SD
  • Census Tract: 101401

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 21-010
  • District: 21
  • Parcel: 21-010-255
  • Block: 10
  • Lot: 54-57
  • Municipality: LOWER SOUTHAMPTON TOWNSHIP
  • Latitude: 40.1461
  • Longitude: -75.0021

    Address

  • Full Address: 542 Welcome Ln
  • Address - House Number: 542
  • Address - Street Name: Welcome
  • Address - Suffix Type: Ln
  • State: PA
  • City Name: Feasterville Trevose
  • Carrier Code: C020
  • 4-Digit Zip Code: 6034
  • Zip Code: 19053

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,272
  • Tax Rate Code Area: 21

    Appraisal Valuation

  • Standard Deviation: 0.1628
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 380,111
  • High Value: 442,013
  • Low Value: 318,209

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $359,010
  • First Open Lien Mortgage Lender: ADVISORS MORTGAGE GROUP, L.L.C
  • First Open Lien Mortgage Recording Date: Mar 21, 2023
  • First Open Lien Mortgage Loan Amount: $359,010
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $195,745
  • Market Land Value: $42,128
  • Market Improvement Value: $153,617

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,400
  • Assessed Land Value: $3,960
  • Assessed Improvements Value: $14,440

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Transaction ID: 11904024405
  • Current Sale Price: $398,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 11116
  • Previous Sale Recording Date: Nov 29, 2022
  • Previous Sale Contract Date: Nov 22, 2022
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVISORS MORTGAGE GROUP, L.L.C
  • First Mortgage Transaction Date: Mar 21, 2023
  • First Mortgage Loan Amount: $359,010
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: LOGICAL FUNDING LLC
  • Previous Mortgage Transaction Date: Nov 29, 2022
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Bucks



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Frequently Asked Questions

What neighborhood is 542 Welcome Lane located in?
The 542 Welcome Lane is a located in the neighborhood of Lower Southampton in Bucks, Feasterville Trevose.
What is the average sales price for listings in 542 Welcome Lane?
The average sales price for units in 542 Welcome Lane is $0 currently.

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