NOT LISTED FOR SALE

347 E Lancaster Ave Downingtown, PA 19335

Estimated Value: $403,000 - $440,000

Studio
2 Baths
1,900 Sq Ft
$221/Sq Ft Est. Value

Sale Details

Date Sold: July 25, 2022

Last sale price $325,000 $171 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,302 / mo

4 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Upgraded Countertops
  • East Ward Elementary School Rated A
  • Victorian Architecture
  • Double Pane Windows

About This Home

As of July 2022

Welcome to 347 E Lancaster Ave, a turnkey 2 apt fully leased multifamily unit! Property is located in the heart of Downingtown within walking distance to most amenities and a short drive to others. First floor consists of a large bedroom/office space, a kitchen with granite countertops, bathroom, along with a large living/dining area with original hardwood floors. Basement storage and a washer/dryer hookup are included in the 1st floor apt. Unit 2 is on the 2nd &3rd floors. Access is via a foyer entry to a stairwell which leads upstairs to the kitchen. The kitchen features a brick accent wall along with granite countertops. Flow from the kitchen to the dining area and then to the comfortable living room. The 3rd floor has a bathroom, double vanity, and a washer/dryer(2019). There is also a large bedroom and a smaller room suitable for small children or office space. Extra storage is available in the exterior storage shed.

Last Agent to Sell the Property

Daniel Kloiber

(610) 873-8730 kustafik@yahoo.com Times Real Estate, Inc. Listed on: 06/13/2022

Last Buyer's Agent

Daniel Kloiber

(610) 873-8730 kustafik@yahoo.com Times Real Estate, Inc. Listed on: 06/13/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,901

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Downtown Location
  • Historic Home
  • Property is in very good condition

Home Design

  • Duplex
  • Victorian Architecture
  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Pitched Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • Main Floor Bedroom
  • Chair Railings
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Open Floorplan
  • Dining Area
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven or Range
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Electric Dryer
  • Washer

Parking

  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • E Ward Elementary School
  • Lionville Middle School
  • Downingtown High School East Campus

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 150 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, sewer, snow removal, real estate taxes, trash collection, advertising/licenses and permits, water
  • Assessor Parcel Number 11-04 -0113

Community Details

Overview

  • 2 Units
  • 3-Story Building
  • Downingtown Subdivision

Building Details

  • Insurance Expense $879
  • Trash Expense $758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,901

Year Built

Built in 1920

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Converted Dwelling, Victorian
  • Ownership: Fee Simple
  • Historic: Yes
  • Home Warranty: No
  • New Construction: No
  • Expected On Market: 2022-06-18
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Oven/Range - Electric, Refrigerator, Washer, Dryer - Electric, Washer/Dryer Hookups Only, Water Heater
  • Flooring Type: Carpet, Hardwood, Laminate Plank
  • Interior Amenities: Carpet, Ceiling Fan(s), Chair Railings, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Upgraded Countertops, Wood Floors
  • Window Features: Double Pane, Low-E
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2700
  • Living Area Sq Ft: 1900
  • Price Per Sq Ft: 184.16
  • Above Grade Finished Sq Ft: 1900
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco, Vinyl Siding
  • Roof: Pitched
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: On Street, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 150 Amps
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: E WARD
  • High School: DOWNINGTOWN HIGH SCHOOL EAST CAMPUS
  • Middle Or Junior School: LIONVILLE

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Very Good
  • Zoning: R4

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Advertising/Licenses And Permits, Water
  • Rent Control: No
  • Total Actual Rent: 29100.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 232753
  • Tax Annual Amount: 2901.00
  • Assessor Parcel Number: 11-04 -0113
  • Tax Year: 2000

MLS Schools

  • School District Name: DOWNINGTOWN AREA

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jul 25, 2022
Sold by
Bought by
Seller's Agent
Daniel Kloiber
Times Real Estate, Inc.
Buyer's Agent
Daniel Kloiber
Times Real Estate, Inc.
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%
Current Estimated Value
$420,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,336
Avg. Annual Appreciation
6.75%
Original Mortgage
$225,000
Outstanding Balance
$213,004
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$207,332

Purchase Details

Closed on
Feb 27, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
8.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
7.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$325,000 --
$205,000 None Available
$170,000 Fidelity Natl Title Ins Co
$116,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $225,000
Previous Owner $164,000
Previous Owner $136,000
Previous Owner $92,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $325,000 -7.1% $171 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $349,900 0.0% $184 / Sq Ft
02/10/2022 02/10/22 Rented $1,250 0.0% --
02/07/2022 02/07/22 Off Market $1,250 -- --
02/03/2022 02/03/22 For Rent $1,250 +8.7% --
03/11/2021 03/11/21 Rented $1,150 0.0% --
02/25/2021 02/25/21 For Rent $1,150 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $536 $117,210 $32,020 $85,190
2025 $4,895 $117,210 $32,020 $85,190
2024 $4,895 $117,210 $32,020 $85,190
2023 $4,777 $117,210 $32,020 $85,190
2022 $4,680 $117,210 $32,020 $85,190
2021 $4,616 $117,210 $32,020 $85,190
2020 $4,595 $117,210 $32,020 $85,190
2019 $4,595 $117,210 $32,020 $85,190
2018 $4,595 $117,210 $32,020 $85,190
2017 $4,595 $117,210 $32,020 $85,190
2016 $4,383 $117,210 $32,020 $85,190
2015 $4,383 $117,210 $32,020 $85,190
2014 $4,383 $117,210 $32,020 $85,190
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Daniel Kloiber

    Times Real Estate, Inc.

    (610) 212-6440

    1 Total Sale

    Daniel Kloiber
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Map

Source: Bright MLS

MLS Number: PACT2025360

Bright MLS

APN: 1104 01130000

Pennsylvania Chester County Downingtown 19335

347 E Lancaster Ave, Downingtown, PA

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