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700 West Cypress Street

700 West Cypress Street, Kennett Square, PA 19348
Property in Kennett Square
Local assessors in Kennett Square, PA have categorized 700 West Cypress Street as a commercial type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 20,656 square feet. If we look only at the heated or air conditioned part of the building, then 700 West Cypress Street has a total of 1,972 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. Residents rely on a wall air conditioning unit for their cooling system. The home's a heating system is the primary heating source. 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, 700 West Cypress Street was last sold in Nov 18, 2020 for $900,000. According to our calculations, that's $456.39 per sqft. Current property owners are expected to pay $13,026 in taxes per year. The property on 700 West Cypress Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $275,750. To break that down further, the land itself was valued at $57,050. While improvements to the property were assessed at a total of $218,700. 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. 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.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,656
  • Total Building Area: 1,972
  • Gross Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,972
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 0.474
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: LOT & COMM BLDG

Ownership

  • Current Owner : UMIYA REAL ESTATE LLC
  • Previous Owner : GEORGE GERMANOVICH INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Kennett Consolidated School District
  • School Tax School District: KENNETT SQUARE
  • Census Tract: 303401

Zoning

  • Zoning: C2

Geography

  • Assessors Map Reference: 47-D5
  • District: 03
  • Parcel: 0304 01620000
  • Municipality: KENNETT SQUARE
  • Latitude: 39.8443
  • Longitude: -75.7206

    Address

  • Full Address: 700 W Cypress St
  • Address - House Number: 700
  • Street Direction: W
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: PA
  • City Name: Kennett Square
  • Carrier Code: C001
  • 4-Digit Zip Code: 3015
  • Zip Code: 19348

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,026
  • Tax Rate Code Area: 03

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: GEORGE GERMANOVICH INC
  • First Open Lien Mortgage Recording Date: Nov 23, 2020
  • First Open Lien Mortgage Loan Amount: $750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $325,290
  • Market Land Value: $57,050
  • Market Improvement Value: $268,240

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $275,750
  • Assessed Land Value: $57,050
  • Assessed Improvements Value: $218,700

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11802626924
  • Current Sale Price: $900,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 11782205

    Last Sale Mortgage

  • First Mortgage Lender: GEORGE GERMANOVICH INC
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Kennett Square



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Frequently Asked Questions

What neighborhood is 700 West Cypress Street located in?
The 700 West Cypress Street is a located in the neighborhood of Kennett Square in Kennett Square, Kennett Square.
What is the average sales price for listings in 700 West Cypress Street?
The average sales price for units in 700 West Cypress Street is $0 currently.

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