424 Dresher Rd, Horsham, PA 19044-2027
- Investment properties
- 4,675 SF
- 1.14 lot acres
Current Use by Public Records
- Media Matrix Inc / Advertising Agency / Marketing & Advertising
Property Details for 424 Dresher Rd
- Year built
- 1859
- Lot size
- 1.14 lot acres
- Zone code
- R6
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 36-00-03592-00-8
- APU
- 360003592008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 6, 1998 | $270,000 | Media Matrix INC | Rickenbach,robert L & Leslei P | Grant Deed | $210k · Pnc Bank |
Description
This meticulously restored 1859 Gothic Colonial Farmhouse at 424 Dresher Road, Horsham, PA, offers a unique blend of historic charm and modern functionality, ideal for professional use. The 1.14-acre property boasts a grand foyer with 10-foot ceilings and hardwood floors, setting a dramatic tone for the versatile office space. A fireplace with an exquisite mantelpiece graces one office, complemented by custom built-ins and deep window sills throughout. The kitchen features a brick fireplace, a rear staircase, stainless steel appliances, and a tiled backsplash. Upstairs, custom landings add a whimsical touch. High-end air conditioning and a durable tin roof ensure year-round comfort. The property also includes a bonus barn with a workshop and loft, providing ample additional space. Extensive landscaping with mature trees and scenic vistas enhances the property's appeal. Ample parking is available with a spacious lot accommodating 17 cars, plus three additional spaces at the front of the building. Conveniently located in Horsham with easy access to major highways, this property presents a rare opportunity to own a piece of history while enjoying modern conveniences. The property's flexible layout is suitable for various professional uses, including, but not limited to, attorney, real estate, funeral parlor, or accounting offices.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $805,000
- 6.5%
- $745,000
- 7%
- $690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $624,000
- AI Estimate
- $458,000
Market price range: $313k - $726kMarket price range: $268k - $496k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $505,000 Current use
- OFFICE BUILDING
- $765,000 Change: +52% Conversion: Easy
- MEDICAL BUILDING
- $735,000 Change: +46% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $610,000 Change: +21% Conversion: Difficult
- WAREHOUSE, STORAGE
- $430,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Horsham
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1354
- Latitude
- 40.1785
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
