Exton, PA 19341,925 OLD VALLEY RD
Exton, PA 19341,925 OLD VALLEY RD
Exton, PA 19341,925 OLD VALLEY RD
Exton, PA 19341,925 OLD VALLEY RD
Exton, PA 19341,925 OLD VALLEY RD
Exton, PA 19341,925 OLD VALLEY RD
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$990,000

$300,000

230.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

11,878 SqFt


SOLD DATE : 06/13/2024

Key Details

Sold Price $990,000

Property Type Commercial

Sub Type Special Purpose

Listing Status Sold

Purchase Type For Sale

Square Footage 11,878 sqft

Price per Sqft $83

MLS Listing ID PACT2060856

Sold Date 06/13/24

Originating Board BRIGHT

Year Built 1822

Annual Tax Amount $1,297

Tax Year 2023

Lot Size 1.734 Acres

Acres 1.73

Lot Dimensions 0.00 x 0.00

Property Description

AUCTION: Discover a piece of history nestled within the serene landscape of the R-1 Residential zoning district in West Whiteland Township. The Barn, occupying a generous 1.73-acre lot, has been identified by the Township as a Designated Historic Resource (site no. 329.02), being a component of the former Jacobs Homestead, also known as "Solitude." Historic structures are eligible for uses not otherwise permitted by the Zoning district regulations, pursuant to $325-86 of the Zoning Ordinance. 
The barn is eligible for the following use by right under this section: 
Guesthouse, which is defined as a single-family dwelling with rooms available for overnight accommodation of paying guests. 
The barn is also eligible for the following uses by conditional use, which requires review by the Township Planning Commission and a public hearing before the Board of Supervisors: 

Multi-family residential (i.e., apartments); 
Professional or business office; 
Cultural studio, which is defined as the place of work of an artist, including visual artists, musicians, dancers, and similar vocations; 
Cultural facility, which is defined as museum or art gallery, provided that it is not operated commercially; 
Inn, which is defined as essentially the same as a hotel; 
Restaurant; or 
Any combination of these uses. 

Please note that retail sales are NOT permitted. 
Should the owner of the property wish to remove the barn, the demolition permit will need to be reviewed by the Township Historical Commission. While the Commission does not have the authority to deny the permit, they may and typically do require documentation of the structure prior to demolition. Furthermore, demolition will render the property ineligible for the uses allowed under $325-86 as listed in the bullet-point lists above.
This property along with 222 N. Pottstown Pike is being sold at auction on May 2 at 2pm. In-person bidding is available in the Main Meeting Room at the West Whiteland Township Building, 101 Commerce Drive, Exton, PA. Online Bidding is also available. Please see all documents included in this listing. Phase I Environmental Report has been completed and is available upon Request. Phase II Environmental Report should be available March 11. Showings are limited to the scheduled Open House dates of April 3 and April 17, 1pm - 3pm. 

West Whiteland Township will remain in the property as tenants after property settlement on July 15.

The lease will be until December 31, 2024 with 2 one month extensions if needed.

The township will pay $1 per month.

During the period that West Whiteland Township ("Tenant") occupies the property following settlement, the Tenant shall remain responsible for the rendering of any payment of any school, county, or municipal (the “Taxing Bodies”) property taxes associated with the property. No property taxes will accrue to the Owner ("Landlord") during this period. The Landlord is therefore not responsible for any property taxes during this period. Once the Tenant vacates the property, the Landlord will assume responsibility for any reassessment of the improvements on the property and any taxes that may subsequently accrue by the Taxing Bodies. The Tenant's tax exemption ends upon the conclusion of its occupancy. See full lease for details.

Location

State PA

County Chester

Area West Whiteland Twp (10341)

Zoning R-1 RESIDENTIAL

Interior

Hot Water Electric

Heating Forced Air, Radiant

Cooling None

Flooring Wood, Concrete

Heat Source Propane - Owned

Exterior

Garage Spaces 21.0

Water Access N

Roof Type Asphalt,Shingle

Accessibility None

Total Parking Spaces 21

Garage N

Building

Lot Description Irregular

Foundation Stone

Sewer On Site Septic

Water Public

New Construction N

Schools

School District West Chester Area

Others

Tax ID 41-02 -0084.120E

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Private

Listing Terms Cash, Private

Financing Cash,Private

Special Listing Condition Auction

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Bright MLS (BMLS)
Listed by Tim Keller • H.K. Keller
Bought with Robert D. Bering • Bering Real Estate Co.
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