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642 Wallace Drive

642 Wallace Drive, Wayne, PA 19087
Property in Tredyffrin
Sold Jul 27, 2020
$625,000
$400,000 by Td Bank Na
Mortgage Due Aug 01, 2050
Sold Oct 23, 2014
$430,000
$344,000 by Trident Mortgage Company Lp
Mortgage Due Nov 01, 2044
642 Wallace Drive has been categorized by the local assessors in Wayne, PA as a residential type of property. The building on the property was first built in 1956 and is 68 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 642 Wallace Drive has 2,524 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 400 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 39,032 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a hot water heating system and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. 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. The property was last sold in Jul 15, 2020 for $625,000. That's $247.62 per sqft. Prior to that sales transaction, the property was also sold in Oct 16, 2014 for $430,000. 642 Wallace Drive was last assessed in 2024. The total value of the property was assessed at $210,160. Specifically, the land the property is located on was valued at $59,490. While improvements on the property were assessed at a total of $150,670. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,953. 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.

Building Features

Location

Cul-De-Sac Lot

Condition

Level Lot

Building Style

Colonial
Split Level
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Brick
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 39,032
  • Total Building Area: 2,524
  • Gross Building Area: 2,524
  • Building Area: 2,524
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,524
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.896
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 21 & DWG

Ownership

  • Current Owner : MAHESHWARI CHINMAY
  • Current Owner 2: MAHESHWARI PRIYA
  • Previous Owner : STEWART DOUGLASS R
  • Previous Owner 2: GARCIA MELISSA
  • Owner Before Previous Owner: MARTINDALE WILLIAM M
  • Owner Before Previous Owner 2: WILLIAMS ANNE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tredyffrin-Easttown School District
  • School Tax School District: TREDYFFRIN-EAST
  • Census Tract: 300108

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 24-K4
  • District: 43
  • Parcel: 4306K00260000
  • Lot: 21
  • Municipality: TREDYFFRIN
  • Latitude: 40.07
  • Longitude: -75.4114

    Address

  • Full Address: 642 Wallace Dr
  • Address - House Number: 642
  • Address - Street Name: Wallace
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Wayne
  • Carrier Code: C006
  • 4-Digit Zip Code: 1912
  • Zip Code: 19087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,953
  • Tax Rate Code Area: 43

    Appraisal Valuation

  • Standard Deviation: 0.1679
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 800,831
  • High Value: 935,368
  • Low Value: 666,293

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: TD BANK NA
  • First Open Lien Mortgage Recording Date: Jul 27, 2020
  • First Open Lien Mortgage Loan Amount: $400,000
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $210,160
  • Market Land Value: $59,490
  • Market Improvement Value: $150,670

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $210,160
  • Assessed Land Value: $59,490
  • Assessed Improvements Value: $150,670

    Sales

  • Current Sale Contract Date: Jul 15, 2020
  • Current Sale Recording Date: Jul 27, 2020
  • Current Sale Transaction ID: 11775294896
  • Current Sale Price: $625,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 11748716
  • Previous Sale Recording Date: Oct 23, 2014
  • Previous Sale Contract Date: Oct 16, 2014
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TD BANK NA
  • First Mortgage Transaction Date: Jul 27, 2020
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT MORTGAGE COMPANY LP
  • Previous Mortgage Transaction Date: Oct 23, 2014
  • Previous Mortgage Loan Amount: $344,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2044

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Frequently Asked Questions

What neighborhood is 642 Wallace Drive located in?
The 642 Wallace Drive is a located in the neighborhood of Tredyffrin in Chester, Wayne.
What is the average sales price for listings in 642 Wallace Drive?
The average sales price for units in 642 Wallace Drive is $0 currently.

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