What's Up With The "Castle" in Bryn Mawr?

The Developer's picture

122 Pennswood Road in Bryn Mawr is this gothic castle looking home that has been vacant since oh, somewhere around 2000 or 2001.

What is up with that property? It is a pretty choice bit of real estate to sit vacant so long.... Here's the listing off www.montcopa.org :

PARID: 400046764005

TaxMapID 40008B225
Parid 40-00-46764-00-5
Land Use Code 1101
Land Use Description R - SINGLE FAMILY
Property Location 122 PENNSWOOD RD
Lot #
Lot Size 61752 SF
Zoning R3
Front Feet 309
Municipality LOWER MERION
School District LOWER MERION
Utilities ALL PUBLIC//

Owner
Name(s) DEMARCO NATALIE &
Name(s) CAPUTO JOSEPH J TRUSTEES
Care Of UNIVERSITY CITY HOUSING CO
Mailing Address 1062 LANCASTER AVE STE 30B
Mailing Address
Mailing Address ROSEMONT PA 19010

Current Assessment
Appraised Value
640,000
Assessed Value
640,000

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shoteraser's picture

This property, as well as others on Merion Square Road (Gladwyne) and Montgomery Avenue (Villanova) are owned by Michael Karp (owner of University Housing) who restores them and then sells them. Check out the following website for more information:

http://www.mainlineestates.net/restorations.php

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