NOT LISTED FOR SALE

240 University Rd Lincoln University, PA 19352

Estimated Value: $297,000 - $376,000

5 Beds
2 Baths
2,870 Sq Ft
$115/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $220,000 $77 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,085/month

Highlights

  • Water Oriented
  • 4.8 Acre Lot
  • No HOA
  • Pond View
  • Colonial Architecture
  • 3 Car Detached Garage

About This Home

As of December 2019

Investor 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

Stephanie Walker

Patterson-Schwartz-Hockessin License #RS0025541 Listed on: 09/16/2019

Patterson-Schwartz-Hockessin

Last Buyer's Agent

Joe Stike

LPT Realty, LLC

LPT Realty, LLC

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,814

Year Built

Built in 1800

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Traditional
  • Ownership: Fee Simple
  • Inclusions: Washer, dryer and refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1800
  • Remarks Public: Investor 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.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Room Count: 9
  • Basement: Yes
  • Basement Type: Dirt Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2870
  • Living Area Sq Ft: 2870
  • Price Per Sq Ft: 86.76
  • Above Grade Finished Sq Ft: 2870
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 240

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Outbuilding(s)
  • Spa: No
  • View: Pond
  • Water Access: No
  • Water Body Type: Pond
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: OXFORD AREA
  • School District Key: 300200397339
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Land Lease: No
  • Lot Features: Open
  • Lot Size Acres: 4.80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 209088.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2019
  • Zoning: R1

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 361678
  • Tax Annual Amount: 4814.00
  • Assessor Parcel Number: 57-07-0014
  • Tax Page Number: 0617
  • Tax Year: 2019
  • Close Date: 12/31/2019

MLS Schools

  • School District Name: OXFORD AREA

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
$331,372

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
$139,313
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$192,059

Purchase Details

Closed on
Mar 1, 1987
Bought by
Faulkner Danny L and Faulkner Darlene
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Source: Public Records

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
2025 $3,829 $93,130 $17,120 $76,010
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

    (302) 234-5259

    9 Total Sales

    Stephanie Walker
    Section Image
  • Joe Stike

    Buyer's Agent in 2019

    Joe Stike

    LPT Realty, LLC

    (610) 563-1122

    1 in this area

    11 Total Sales

    Joe Stike
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PACT489374

Bright MLS

APN: 57-007-0026.03A0

Pennsylvania Chester County Lincoln University 19352

240 University Rd, Lincoln University, PA

This home is located at 240 University Rd, Lincoln University, PA 19352 since 16 September 2019 and is currently estimated at $331,372, approximately $115 per square foot. This property was built in 1800. 240 University Rd is a home located in Chester County with nearby schools including Jordan Bank Elementary School, Nottingham School, and Elk Ridge School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes