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5968 Michael Drive

5968 Michael Drive, Bensalem, PA 19020
Property in Bensalem
Sold Jul 06, 2021
$270,000
$229,500 by Firstrust Bank
Mortgage Due Jul 01, 2051
Sold Mar 05, 1981
$62,900
Local assessors in Bensalem, PA have categorized 5968 Michael Drive as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 5,702 square feet. The linear feet between the front and back of the lot was measured at 950 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level 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 are also 2 partial bathrooms. 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 5968 Michael Drive has a total of 1,040 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 central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with electricity. 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, 5968 Michael Drive sold most recently in Jun 1, 2021 for a total of $270,000. If you work out the math, that's approximately a cost of $259.62 per sqft. Before that, the property was also sold for $62,900 in Mar 5, 1981. 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 $1,027 in taxes each year. 5968 Michael Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,360. If we break it down further, the land itself was valued at $6,040. Improvements to the property, however, were assessed at a total of $16,320. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Construction Type: Frame
  • Building Style: Split level
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,040
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SALEM POINT SURV SEC 04
  • Land Acres: 0.131
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Cooperative unit (residential)
  • Legal Description 1: LOT # 230 SEC 4 SALEM POI NT 60X95

Ownership

  • Current Owner : WOLF ALBERT H
  • Current Owner 2: REISINGER ALEXANDRIA
  • Previous Owner : GEE COURTLAND GUY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bensalem Township School District
  • School Tax School District: BENSALEM SD
  • Census Tract: 100212

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 02-052
  • District: 02
  • Parcel: 02-052-263
  • Block: 52
  • Lot: 230
  • Municipality: BENSALEM TOWNSHIP
  • Latitude: 40.131
  • Longitude: -74.9129

    Address

  • Full Address: 5968 Michael Dr
  • Address - House Number: 5968
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Bensalem
  • Carrier Code: C050
  • 4-Digit Zip Code: 2423
  • Zip Code: 19020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,027
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 347,477
  • High Value: 408,910
  • Low Value: 286,044

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $229,500
  • First Open Lien Mortgage Lender: FIRSTRUST BANK
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Loan Amount: $229,500
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $237,872
  • Market Land Value: $64,255
  • Market Improvement Value: $173,617

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,360
  • Assessed Land Value: $6,040
  • Assessed Improvements Value: $16,320

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jul 06, 2021
  • Current Sale Transaction ID: 11841705646
  • Current Sale Price: $270,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021062627
  • Previous Sale Recording Date: Mar 05, 1981
  • Previous Sale Contract Date: Mar 05, 1981
  • Previous Sale Amount: $62,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTRUST BANK
  • First Mortgage Transaction Date: Jul 06, 2021
  • First Mortgage Loan Amount: $229,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Bucks



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Frequently Asked Questions

What neighborhood is 5968 Michael Drive located in?
The 5968 Michael Drive is a located in the neighborhood of Bensalem in Bucks, Bensalem.
What is the average sales price for listings in 5968 Michael Drive?
The average sales price for units in 5968 Michael Drive is $0 currently.

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