NOT LISTED FOR SALE

Estimated Value: $549,850 - $612,000

2 Beds
3 Baths
1,802 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $510,000 $283 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,938/month

5 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Valley Forge Elementary School Rated A+
  • 1 Car Direct Access Garage
  • Property is in excellent condition

About This Home

As of October 2023

Welcome to 16 Cabot Drive, a terrific opportunity to own a home in the highly sought after Newport neighborhood in beautiful Chesterbrook. Located in the Tredyffrin-Easttown School District. A wonderful three level home in a fantastic location within the community. The two story entrance foyer features tile flooring, a Palladian window and a skylight. The focal point of the spacious living/dining room is the wood burning fireplace flanked by sliding glass doors opening to the renovated rear deck (Trex composite decking and Azek trim in 2020), the ideal spot for grilling, relaxing, entertaining and outdoor dining. The sunny eat-in kitchen offers raised panel oak cabinetry, plenty of countertops, a center island/breakfast bar, a pantry and a lovely breakfast area with a large picture window. The upper level is home to the spacious owner's suite with a huge walk-in closet and direct access to the tiled master bathroom with soaking tub and separate shower. The second bedroom features a large double closet and is serviced by a tiled hall bathroom. A cozy upper level alcove overlooks the entrance foyer and is an ideal home office/homework area. The fully finished lower level of this lovely home offers two sets of sliding glass doors to the rear patio, a double closet and a THIRD FULL bathroom, making this a perfect third bedroom or family room. A laundry/utility room and doorway to the garage complete the picture for this level of the home. NEW furnace and air conditioner (2023), NEW 50 gallon water heater (2023), NEW exterior siding and paint (2023), front door and garage door freshly painted (2023), main floor fresh paint (2022), new 'low flow" toilets in all bathrooms (2022), new Azek boards at exterior front entry stairs (2022), New Anderson sliders to main level deck (2020) and to lower level patio (2019), new roof with GAF 30 year shingles (2012). These upgrades and much more all come together to make 16 Cabot Drive a very special place to call home. This is a great opportunity to put your own finishing touches on a lovely home in a prime location. Newport Village is adjacent to Wilson Farm Park and close to the Chesterbrook and Gateway shopping centers, the KOP Town center, local schools and the shops, trains and corporate centers of the Main Line. This is it. Welcome home!

Last Listed By

John Collins

RE/MAX Main Line - Devon License #RS184736L Listed on: 09/07/2023

RE/MAX Main Line - Devon

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,545

Year Built

  • Built in 1987

Lot Details

  • 1,530 Sq Ft Lot
  • Property is in excellent condition

HOA Fees

  • $191 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 1 Driveway Space

Home Design

  • Colonial Architecture
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Valley Forge Elementary And Middle School
  • Conestoga High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • $1,000 Capital Contribution Fee
  • Association fees include common area maintenance, lawn maintenance, snow removal, trash
  • Chesterbrook Subdivision

Listing and Financial Details

  • Tax Lot 3453
  • Assessor Parcel Number 43-05 -3453

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,545

Year Built

Built in 1987

Lot Details

0

HOA Fees

$191 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: washer, refrigerator
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1802
  • Living Area Sq Ft: 1802
  • Price Per Sq Ft: 331.83
  • Above Grade Finished Sq Ft: 1552
  • Below Grade Finished Sq Ft: 250
  • Total Below Grade Sq Ft: 250
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 16

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 191.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Snow Removal, Trash
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1000.00

Schools

  • School District: TREDYFFRIN-EASTTOWN
  • Elementary School: VALLEY FORGE
  • Middle School: VALLEY FORGE
  • High School: CONESTOGA
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396605
  • School District Source: Listing Agent
  • Elementary School: VALLEY FORGE
  • High School: CONESTOGA
  • Middle Or Junior School: VALLEY FORGE

Lot Info

  • Land Use Code: R10
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1530.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 4333.00
  • Tax Annual Amount: 5545.00
  • Assessor Parcel Number: 43-05 -3453
  • Tax Lot: 3453
  • Tax Total Finished Sq Ft: 1802
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 10/19/2023

MLS Schools

  • School District Name: TREDYFFRIN-EASTTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 19, 2023
Sold by
Cook Ruth A
Bought by
Kumar Praveen Kumar Ramaia and Thotad Swetha Basavarajapp
Seller's Agent
John Collins
RE/MAX Main Line - Devon
Buyer's Agent
Enjamuri Swamy
Realty Mark Cityscape-Huntingdon Valley
List Price
$515,000
Sold Price
$510,000
Premium/Discount to List
-$5,000
-0.97%
Total Days on Market
5
Views
63
Current Estimated Value
$583,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,213
Avg. Annual Appreciation
8.94%
Original Mortgage
$408,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2001
Sold by
Humbarger Donald F and Humbarger Sharon L
Bought by
Cook Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,400
Interest Rate
6.98%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kumar Praveen Kumar Ramaia $510,000 None Listed On Document
Cook Ruth A $248,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Praveen Kumar Ramaia $323,000
Closed Kumar Praveen Kumar Ramaia $408,000
Previous Owner Cook Ruth A $198,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2023 10/19/23 Sold $510,000 -1.0% $283 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $515,000 -- $286 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,903 $167,590 $52,970 $114,620
2023 $5,545 $167,590 $52,970 $114,620
2022 $5,402 $167,590 $52,970 $114,620
2021 $5,299 $167,590 $52,970 $114,620
2020 $5,153 $167,590 $52,970 $114,620
2019 $8,793 $167,590 $52,970 $114,620
2018 $4,891 $167,590 $52,970 $114,620
2017 $4,775 $167,590 $52,970 $114,620
2016 -- $167,590 $52,970 $114,620
2015 -- $167,590 $52,970 $114,620
2014 -- $167,590 $52,970 $114,620
Source: Public Records

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Source: Bright MLS

MLS Number: PACT2052244

Bright MLS

APN: 43-005-3453.0000