516 E Lancaster Avenue

DOWNINGTOWN, PA 19335

  • 5 Bed(s)
  • 2.5 Bath(s)
  • 2,824 Sqft
  • 8700
    Sqft(Lot)
$515,000

Description

Looking for that perfect combination of a character-filled home and a smart investment opportunity? step into the charm and versatility of this craftsman-style 2,800+ sf home, ideally located in the heart of downingtown borough. offering 5 spacious bedrooms and 2 full baths, this residence is rich with character and modern potential. a standout feature is the 700 sf lower level space with its own private entrance—perfect for a small business, in-law suite, or an efficiency 1-bed 1-bath rental. enjoy special touches like the primary bedroom’s private deck, a cozy office with its own deck accessed through french doors, and a stunning wood-burning fireplace with stone surround and wood mantel. the walk-out basement offers generous storage and houses a current tenant running a small private laundry business—providing an option for continued rental income. the backyard includes eight off-street convenient parking spots and a stone-covered area that can be converted into a grassy yard if desired for outdoor enjoyment. zoned r4, this property presents a wealth of possibilities—utilize the full square footage as a multi-unit rental, a combination of personal residence and investment space, or simply enjoy it as a unique and spacious single-family home. just steps from the east ward e1 elementary school and great shopping, minutes from kerr park, struble trail and marsh creek state park, and the charm of downingtown’s vibrant borough with restaurants, breweries and artisan shops. easy access to major routes (30, 100 & 202), this home is also located within the highly rated downingtown area school district. a rare opportunity with flexibility, location, and charm—all in one. this is a must see - schedule your showing today.

  • Property Type

    Residential

  • Subdivision

    Downingtown

  • County

    CHESTER

  • Style

    Craftsman

  • AD ID

    50065638

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Property Details

  • Bedroom Information

    • Total Bedrooms : 5
    • Total Bedroom (Upper): 5
    • Bedroom Upper Level 1: 5

    Bathroom Information

    • Total Baths: 3
    • Full Baths: 2
    • Half Baths: 1

    Laundry Source

    • Laundry Type : Hookup

    Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Porch(es),Deck(s)

    Interior Features

    • Attic,Bathroom - Tub Shower,Bathroom - Stall Shower,Breakfast Area,Carpet,Ceiling Fan(s),Floor Plan - Traditional,Formal/Separate Dining Room,Store/Office,Wood Floors,Efficiency,Other
    • Roof : Shingle
    • Exterior Property Features : Sidewalks,Street Lights,Exterior Lighting
    • Basement Description: Daylight, Full,Combination,Improved,Interior Access,Outside Entrance,Rear Entrance,Rough Bath Plumb,Side Entrance,Walkout Level,Other,Heated
    • Property Appliances: Refrigerator,Dishwasher,Oven/Range - Electric
    • Fireplace: Mantel(s),Stone,Wood

    Roofing Information

    • Shingle

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Hot Water,Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas

    Window Information

    • Window Treatments: Replacement,Screens,Double Hung,Energy Efficient

  • Building Information

    • Exterior Features: Sidewalks,Street Lights,Exterior Lighting
    • Year Built: 1924
    • Structure: Detached
    • Fireplace: 1
    • Major Appliances: Refrigerator,Dishwasher,Oven/Range - Electric
    • New Construction: No
    • Built: 1924
    • Construction Material: Frame,Masonry
    • Roof: Shingle
    • Foundation/Basement: Brick/Mortar,Stone
    • Architecture: Craftsman
    • Pool/Private: No Pool
    • Roof Type: Shingle

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 8,700
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.20
    • Architectural Style: Craftsman
    • Main Square Feet: 8,700

    Property Information

    • SQ ft: 2,824
    • SQ ft (Living Area): 2,824
    • Total Lot SQ ft: 8,700
    • View: Garden/Lawn,Street
    • Subdivision: DOWNINGTOWN
    • Financing: Cash,Conventional,FHA,VA
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.20
    • New Construction: No
    • Type: Craftsman

  • Listing Information

    • Possession: 0-30 Days CD,31-60 Days CD
    • Days Of Market: 3

  • Tax Information

    • Annual Tax: $5,702
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,31-60 Days CD

    Assessment Information

    • Taxes Assessment Amount: $128,070

  • Parking Information

    • Parking Features: Paved Parking,Crushed Stone
    • Parking Type: Parking Lot,Off Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,FHA,VA
    • Roof: Shingle

    Homeowners Association Information

    • Direction: From Rte. 100, exit Rte. 30 (Lancaster Ave) to Wagner Ave, make a left and then next right onto to Sycamore Alley. Parking in rear.

  • School Information

    • Elementary School: EAST WARD
    • Middle OR Junior School: LIONVILLE
    • High School: DOWNINGTOWN HIGH SCHOOL EAST CAMPUS
    • School District: DOWNINGTOWN AREA

    Fire Place Information

    • Total Fire Place: 1
    • Fire Place Features: Mantel(s),Stone,Wood

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric,Natural Gas
    • Hot Water: Electric

    Location Information

    • Direction: From Rte. 100, exit Rte. 30 (Lancaster Ave) to Wagner Ave, make a left and then next right onto to Sycamore Alley. Parking in rear.
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BuyOwner last updated this listing 06/09/2025 @ 03:12

  • MLS: PACT2099918
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 5 bedrooms which is for sale, it has 2,824 sqft, 8,700 sized lot, and 0 parking. are nearby neighborhoods.