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6509 Timothy Ct
Score
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Bensalem, PA

6509 Timothy Ct

485K
4 bd • 3 ba • 2,308 sf

This analysis was generated on 2/7/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$485,000

Price/Sq.Ft

$210

Year Built

1973

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Sizeable Living Space: With 2,308 square feet, the townhouse offers ample living space for families. This is larger than the average townhouse in Bensalem, which is around 1,800 square feet. • No HOA Fees: The absence of HOA fees is a significant cost-saving benefit. Average HOA fees in Bensalem range from $100 to $300 per month. • Solar Panels: The fully paid-off solar panels are a major selling point, potentially reducing electricity costs and increasing property value. A typical solar panel system in Bensalem costs $15,000-$25,000. • Four Bedrooms and 2.5 Bathrooms: The property offers ample space for families or those needing extra rooms for guests or home offices. This is a desirable feature in the Bensalem market.

The Bad

• Location is not ideal: The Cecelia Snyder Middle School (4/10) and Bensalem Twp High School (5/10) ratings are below the state average. This can negatively impact property values and appeal to families. • Days on Market: The 128 days on the market suggests potential issues with pricing or property appeal. The average days on market in Bensalem is around 60-75 days. • Price History: The recent price reductions (-2.8%, -7.6%, -1.6%) indicate the initial listing price was too high. The significant price increase before the reductions (74.3%) raises questions about the seller's pricing strategy. • Climate Risks: While flood and fire risks are minimal, the major air quality (5/10), heat (6/10), and wind (6/10) risks could impact insurance costs and comfort levels. The 98th percentile temperature of 104°F suggests the need for efficient air conditioning.

The Ugly

• Age of the Property: Built in 1973, the property may require significant maintenance and upgrades. Older homes often have outdated plumbing, electrical systems, and insulation, leading to higher utility bills and repair costs. • Property Tax: Bensalem Township has its own property taxes in addition to county and school district taxes, which can be relatively high. Research the current millage rates and assess how they might impact your affordability. Expect to pay $6,000-$8,000 annually. • Converted Garage: The converted garage may not appeal to all buyers. Reverting it back to a functional garage could incur additional costs. • Lack of Upgrades: Although recently renovated, the listing lacks specifics on the upgrades. It's important to know what was renovated, the quality of the materials used, and whether any warranties are in place.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a move-in ready home: The recent renovations and included appliances minimize immediate out-of-pocket expenses. • Value-conscious buyers interested in energy savings: The fully paid-off solar panels offer potential long-term savings on electricity bills. Based on average local electricity costs, this could translate to savings of $1,000-$2,000 per year. • Buyers who need flexible space: The converted garage offers potential for a home office or additional storage, and could be reconverted into a garage if needed. • Buyers who want to avoid HOA fees: The Neshaminy Valley location offers the benefit of no monthly HOA fees, saving hundreds or even thousands of dollars annually compared to other communities.

Not For

• Buyers seeking a modern, open-concept layout: The traditional floor plan may not appeal to those preferring contemporary designs. • Buyers who need a fully functional garage: The converted garage may not suit those requiring dedicated parking or workshop space. Reconversion costs would need to be factored in. • Buyers highly sensitive to air quality: The major air quality risk (5/10) and 6 bad air days per year may be a concern for individuals with respiratory issues. The American Lung Association gives Philadelphia a failing grade for air quality. • Buyers seeking top-rated schools: The school ratings are average to below average, which might deter families prioritizing academic excellence.
Demographics
Area Median Income

$71,995

Property History

Price History
Ownership Timeline
$315,000Cash Purchase
Apr 26, 2024
Glen Cameron Griscom, Daniel W GriscomKksr Properties Llc
Deed
Non-Residential Arm's Length Transactions

Property Taxes

$4,915
2024 Tax Assessment
7.3%from previous year
Assessed Value$21,600
Tax Rate22.75%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 104°F

windMAJOR

Insurance: Required

airMODERATE

6 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

• Solar Panel Maintenance: While the panels are paid off, maintenance and potential repairs are the buyer's responsibility. Inverter replacements can cost $2,000-$3,000. Get a professional inspection to assess the system's current condition. • Garage Conversion: Reverting the garage to its original state will incur costs. Obtain quotes from contractors to estimate the expense of removing the office/storage setup and reinstalling a garage door opener. This can range from $1,500 to $4,000. • HVAC System Age: A 90% forced air natural gas system is efficient, but its age is unknown. Budget for potential repairs or replacement within the next 5-10 years. A new system can cost $5,000-$10,000. • Market Timing: The multiple price decreases suggest the property may be overpriced relative to the current market. Monitor comparable sales closely to ensure you're not overpaying.
Insurance
Annual Cost

$1,746

$146 per month

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Schools

Robert K Shafer Middle School

Public•Grades 7-8
5/10
Middle
568 students

Belmont Hills El School

Public•Grades K-6
4/10
Elementary
608 students

Cecelia Snyder Middle School

Public•Grades 7-8
4/10
Middle
444 students

Bensalem Twp High School

Public•Grades 9-12
4/10
High
1,914 students

Valley El School

Public•Grades K-6
4/10
Elementary
716 students

Financials

Monthly Costs
Market Rent (4 bed)

$2,310

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$485,000
Price/sqft
$210
Layout
4 bd•3 ba
Days on market
127 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$518,000

6.4%

Your price is 6.4% below average

Median Price

$557,000

12.9%

Based on 6 recent sales

Price per Sq.Ft

$247

14.9%

Your price is 14.9% below average $/sqft

Comparable Properties

2470 GREENLAND CT, BENSALEM, PA 19020
Price: $390,000
Sq.Ft: 1,988
Beds/Baths: 3/3
$/Sq.Ft:
$1966.6%
Sale Date: 11/14/2024
158 HOLLY AVE, LANGHORNE, PA 19047
Price: $710,000
Sq.Ft: 2,250
Beds/Baths: 4/3
$/Sq.Ft:
$31650.2%
Sale Date: 9/13/2024
6048 HULMEVILLE RD, BENSALEM, PA 19020
Price: $485,000
Sq.Ft: 1,878
Beds/Baths: 4/3
$/Sq.Ft:
$25822.9%
Sale Date: 11/7/2024
148 SADDLEBROOK DR, BENSALEM, PA 19020
Price: $557,000
Sq.Ft: 2,010
Beds/Baths: 3/3
$/Sq.Ft:
$27731.9%
Sale Date: 10/1/2024
17 HOLLY AVE, LANGHORNE, PA 19047
Price: $565,000
Sq.Ft: 2,424
Beds/Baths: 3/3
$/Sq.Ft:
$23310.9%
Sale Date: 9/1/2024
3125 DALTON CT, BENSALEM, PA 19020
Price: $401,000
Sq.Ft: 1,988
Beds/Baths: 3/3
$/Sq.Ft:
$2024.0%
Sale Date: 9/22/2024

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