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7 Chestnut Drive

7 Chestnut Drive, Newtown, PA 18940
Property in Newtown
Sold Apr 16, 2019
$310,000
$294,500 by Nation One Mortgage
Mortgage Due May 01, 2049
Sold Jul 09, 2014
$278,000
$258,400 by Trumark Financial Cu
Mortgage Due Jul 01, 2044
7 Chestnut Drive has been categorized by the local assessors in Newtown, PA as a residential type of property. The building on the property was first built in 1978 and is 46 years old. 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7 Chestnut Drive has 1,090 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 380 ft. The area measurement of the land has been determined as 3,798 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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 frame control joints. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with electricity. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7 Chestnut Drive was last sold in Apr 12, 2019 for $310,000. According to our calculations, that's $284.40 per sqft. Prior to that sales transaction, the property was sold for $278,000 in Jun 20, 2014. Current property owners are expected to pay $996 in taxes per year. The property on 7 Chestnut Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $28,000. To break that down further, the land itself was valued at $3,000. While improvements to the property were assessed at a total of $25,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Construction Type: Frame
  • Building Style: Townhouse
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,798
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,090
  • Building Area: 1,090
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,090
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TH-2 NEWTOWN CROSSING
  • Land Acres: 0.087
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Legal Description 1: LOT #55 SEC TH-2 NEWTOWN CROSSING 38X100

Ownership

  • Current Owner : MCPHERSON JOHN MICHAEL
  • Current Owner 2: LAVELLE KATHLEEN
  • Previous Owner : RUEGER DIANA J
  • Owner Before Previous Owner: FITZPATRICK SHEILA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Council Rock School District
  • School Tax School District: COUNCIL ROCK SD
  • Census Tract: 105202

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 29-025
  • District: 29
  • Parcel: 29-025-152
  • Block: 25
  • Lot: 55
  • Municipality: NEWTOWN TOWNSHIP
  • Latitude: 40.2193
  • Longitude: -74.9537

    Address

  • Full Address: 7 Chestnut Dr
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Newtown
  • Carrier Code: C014
  • 4-Digit Zip Code: 1422
  • Zip Code: 18940

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $996
  • Tax Rate Code Area: 29

    Appraisal Valuation

  • Standard Deviation: 0.1594
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 427,593
  • High Value: 495,761
  • Low Value: 359,425

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $294,500
  • First Open Lien Mortgage Lender: NATION ONE MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 16, 2019
  • First Open Lien Mortgage Loan Amount: $294,500
  • 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: May 01, 2049

    Market Valuation

  • Market Total Value: $297,872
  • Market Land Value: $31,915
  • Market Improvement Value: $265,957

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $25,000

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: Apr 16, 2019
  • Current Sale Transaction ID: 11600049528
  • Current Sale Price: $310,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019018034
  • Previous Sale Recording Date: Jul 09, 2014
  • Previous Sale Contract Date: Jun 20, 2014
  • Previous Sale Amount: $278,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATION ONE MORTGAGE
  • First Mortgage Transaction Date: Apr 16, 2019
  • First Mortgage Loan Amount: $294,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: TRUMARK FINANCIAL CU
  • Previous Mortgage Transaction Date: Jul 09, 2014
  • Previous Mortgage Loan Amount: $258,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2044

About Bucks



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Frequently Asked Questions

What neighborhood is 7 Chestnut Drive located in?
The 7 Chestnut Drive is a located in the neighborhood of Newtown in Bucks, Newtown.
What is the average sales price for listings in 7 Chestnut Drive?
The average sales price for units in 7 Chestnut Drive is $0 currently.

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