For Sale/Rent

What $500K Will Buy You in Lansdale

Not much in the borough itself, but some very nice homes around it, including one that you can buy on the installment plan.

997 McNair Dr., Lansdale, Pa. 19446 | TREND image via Elfant Wissahickon Realtors

If saving up for the down payment on a home is proving a daunting task for you, there’s a builder outside Lansdale who has an option waiting for you.

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There’s a fair bit of building going on in the townships that surround Lansdale, the bustling Montgomery County community where every other train on the Lansdale/Doylestown Regional Rail line ends. And while houses at our target price point are scarce in the borough itself, there are several currently on the market in the townships around Lansdale that share its zip code.

All three of this week’s featured homes are either brand new or of relatively recent vintage; the oldest home in this week’s selection dates to 1988 but looks like new. All of them have nearly identical base stats; the only difference is in their total square footage. One of them, however, is a builder’s model home, and the builder is making it available on a lease-purchase, or rent-to-own, basis. More on that home in a bit; meanwhile, today’s survey starts with the oldest of the homes currently on sale in the middle of the market:

997 McNair Dr. (above) | 4 beds, 2 full, 1 half baths, 2,906 square feet, $515,000

The owners of this handsome, spacious home built in 1988 have poured a good chunk of change into updating and improving it since 2005 — $141,000, to be exact, according to figures posted on its listing on Zillow — and it shows. This house is loaded with stylish upgrades, including a new master bathroom, kitchen, and laundry/mud room, and boasts an attractively designed and landscaped patio and outdoor spa in the back. There’s a wet bar in the casual dining area and a gas fireplace in the family room to boot; those two areas combine with the kitchen to form one single open space that makes relaxing and entertaining easy. The kitchen, by the way, is kosher, and there are a second fridge and pantry in the mud room.

This home’s sale price was reduced by $20,000 on Nov. 15.

997 McNair Dr., Lansdale, Pa. 19446 [Schwartz-Nealy Team | Elfant Wissahickon Realtors]

115 Addison Lane, Lansdale, Pa. 19446 | TREND image via BHHS Fox & Roach Realtors

115 Addison Lane | 4 beds, 2 full, 1 half baths, 2,548 square feet, $499,900

This meticulously maintained Colonial in the Penn Forest subdivision sits on a lot that backs up to protected township land, which means you will always have nature for a back-fence neighbor. Built in 1995, it too has been updated and upgraded over the years; newer features and additions include a spacious deck in back, an upgraded kitchen with stainless steel appliances and multicolor tile backsplash, new hardwood floors on the main floor and new carpeting upstairs. Both the master and hall bathrooms have dual vanities, and the family room has a charming raised-hearth fireplace. Its traditional detailing makes it ideal for the modern traditionalist.

This home’s sale price was reduced by $5,000 on Sept. 10 and by $20,000 on Sept. 23.

115 Addison Lane, Lansdale, Pa. 19446 [Rheta Santangelo Team | BHHS Fox & Roach Realtors]

1622 Walnut St., Lansdale, Pa. 19446 | Bright MLS image via RE/MAX 440

1622 Walnut St. | 4 beds, 2 full, 1 half baths, 2,636 square feet, $499,900

No down payment? No problem: the builder of this home in Fortuna is offering it for sale on a lease-purchase basis for $2500 a month in rent, half of which will be credited towards the down payment and closing costs on this home upon settlement. That will get you a nicely outfitted model home with a covered front porch on the outside and loads of traditional style on the inside: wainscotting in the living/dining room, a main staircase with wood handrails and wrought-iron spindles, traditional cabinetry in the kitchen and a step-down family room with raised-hearth gas fireplace and tray ceiling. The master bedroom has a vaulted ceiling to boot. The sliding doors off the breakfast area await the deck they should open onto, but the rest of this home is move-in ready. The settlement date is contingent on approval of the property subdivision, which the builder anticipates will take place in six to 12 months.

1622 Walnut St., Lansdale, Pa. 19446 [Cheryl Goedeke | RE/MAX 440]


Sandy Smith Home and Real Estate Editor @MarketStEl
ssmith@phillymag.com