516 E LANCASTER AVE Open House Save Request In-Person Tour Request Virtual Tour
Downingtown,PA 19335
OPEN HOUSE
Thu Jun 12, 5:00pm - 7:00pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $182
Subdivision Downingtown
MLS Listing ID PACT2099918
Style Craftsman
Bedrooms 5
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,124
Year Built 1924
Available Date 2025-06-05
Annual Tax Amount $5,702
Tax Year 2024
Lot Size 8,700 Sqft
Acres 0.2
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property 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.
Location
State PA
County Chester
Area Downingtown Boro (10311)
Zoning R4
Rooms
Other Rooms Living Room,Dining Room,Primary Bedroom,Bedroom 2,Bedroom 3,Bedroom 4,Bedroom 5,Kitchen,Basement,Office,Efficiency (Additional),Commercial/Retail Space,Bathroom 1,Full Bath
Basement Daylight, Full,Combination,Improved,Interior Access,Outside Entrance,Rear Entrance,Rough Bath Plumb,Side Entrance,Walkout Level,Other,Heated
Interior
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
Hot Water Electric
Heating Hot Water,Baseboard - Electric
Cooling Window Unit(s)
Flooring Ceramic Tile,Hardwood,Partially Carpeted,Luxury Vinyl Plank
Fireplaces Number 1
Fireplaces Type Mantel(s),Stone,Wood
Inclusions Window AC units, kitchen refrigerator
Equipment Refrigerator,Dishwasher,Oven/Range - Electric
Fireplace Y
Window Features Replacement,Screens,Double Hung,Energy Efficient
Appliance Refrigerator,Dishwasher,Oven/Range - Electric
Heat Source Electric,Natural Gas
Laundry Hookup
Exterior
Exterior Feature Porch(es),Deck(s)
Garage Spaces 8.0
Water Access N
View Garden/Lawn,Street
Roof Type Shingle
Accessibility None
Porch Porch(es),Deck(s)
Total Parking Spaces 8
Garage N
Building
Lot Description Level,Front Yard
Story 3
Foundation Brick/Mortar,Stone
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories 3
Additional Building Above Grade,Below Grade
Structure Type Plaster Walls
New Construction N
Schools
Elementary Schools East Ward
Middle Schools Lionville
High Schools Downingtown High School East Campus
School District Downingtown Area
Others
Senior Community No
Tax ID 11-05 -0045
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard