PA > Downingtown > Downingtown
Downingtown, PA 19335,516 E LANCASTER AVE
Downingtown, PA 19335,516 E LANCASTER AVE
Downingtown, PA 19335,516 E LANCASTER AVE
Downingtown, PA 19335,516 E LANCASTER AVE
Downingtown, PA 19335,516 E LANCASTER AVE
Downingtown, PA 19335,516 E LANCASTER AVE
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Mindy Skelly

Mindy Skelly

+1(347) 513-9363
Listed by Andrea Napoli • Keller Williams Real Estate - West Chester
$ 515,000
Est. payment | /mo

5 Beds

3 Baths

2,824 SqFt

Save
$ 515,000
Est. payment | /mo
Save

5 Beds

3 Baths

2,824 SqFt

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

Bright MLS (BMLS)

GET MORE INFORMATION

agent
Mindy Skelly

Licensed Real Estate Broker

+1(347) 513-9363

www.MindySkelly.com

5471 Wisconsin Ave, Chevy Chase, MD, 20815, USA

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516 E LANCASTER AVE

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