240 University Rd Lincoln University, PA 19352
Estimated Value: $290,000 - $337,392
5
Beds
2
Baths
2,870
Sq Ft
$111/Sq Ft
Est. Value
Highlights
- Water Oriented
- Colonial Architecture
- 3 Car Detached Garage
- Pond View
- No HOA
- Porch
About This Home
As of December 2019Investor Alert! Many opportunities with the purchase of this unique home with plenty of open space. Built in 1800, this 5 bedroom, 2 bath home needs work so bring your imagination and creativity. This used to be a working farm many years ago. The possibilities are many - you could renovate it and bring back the old farmhouse charm, or you could possibly split it back into a duplex - as it was for a number of years, and live in one side and rent the other. The home, with gorgeous pond views, has over 2,800 square feet with a detached 1,400 square foot 3 car garage, with electric meter. New hot water heater (2018). New oil tank (2018), New chimney liner (2017), Newer heater (2012). All of this on 4.8 acres. Possibility of subdivision into 2 lots. Great investment opportunity! Conveniently located with easy access to Rt 1. Property being sold "as-is". Property does qualify for USDA financing. Realtor is related to the sellers.
Last Agent to Sell the Property
Patterson-Schwartz-Hockessin License #RS0025541 Listed on: 09/16/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,814
Year Built
- Built in 1800
Lot Details
- 4.8 Acre Lot
- Rural Setting
- Open Lot
- Property is zoned R1
Parking
- 3 Car Detached Garage
- 3 Open Parking Spaces
- Front Facing Garage
Home Design
- Colonial Architecture
- Traditional Architecture
- Stucco
Interior Spaces
- 2,870 Sq Ft Home
- Property has 2 Levels
- Pond Views
- Basement
- Dirt Floor
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Water Oriented
- Property is near a pond
- Outbuilding
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- 100 Amp Service
- Well
- On Site Septic
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 57-07-0014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 10, 2016
Sold by
Faulkner Danny L and Faulkner Darlene
Bought by
Bishop Robert A and Bishop Rachel E
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,250
Outstanding Balance
$141,523
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$196,949
Purchase Details
Closed on
Mar 1, 1987
Bought by
Faulkner Danny L and Faulkner Darlene
Similar Home in Lincoln University, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bishop Robert A | $205,000 | None Available | |
| Faulkner Danny L | $16,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bishop Robert A | $174,250 | |
| Previous Owner | Faulkner Danny L | $120,975 | |
| Previous Owner | Faulkner Danny L | $50,025 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2019 12/31/19 | Sold | $220,000 | -11.6% | $77 / Sq Ft |
| 10/06/2019 10/06/19 | Pending | -- | -- | -- |
| 09/18/2019 09/18/19 | For Sale | $249,000 | -- | $87 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,829 | $93,130 | $17,120 | $76,010 |
| 2023 | $3,696 | $93,130 | $17,120 | $76,010 |
| 2022 | $3,577 | $93,130 | $17,120 | $76,010 |
| 2021 | $3,452 | $93,130 | $17,120 | $76,010 |
| 2020 | $3,383 | $93,130 | $17,120 | $76,010 |
| 2019 | $3,354 | $93,130 | $17,120 | $76,010 |
| 2018 | $3,354 | $93,130 | $17,120 | $76,010 |
| 2017 | $3,326 | $93,130 | $17,120 | $76,010 |
| 2016 | $2,818 | $87,040 | $17,120 | $69,920 |
| 2015 | $2,818 | $84,100 | $17,120 | $66,980 |
| 2014 | $2,818 | $84,100 | $17,120 | $66,980 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Walker
Seller's Agent in 2019
Stephanie Walker
Patterson Schwartz
(610) 563-8243
10 Total Sales
-
Joe Stike
Buyer's Agent in 2019
Joe Stike
RE/MAX
(610) 563-1122
9 Total Sales
Map
Source: Bright MLS
MLS Number: PACT489374
APN: 57-007-0026.03A0
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