516 E Lancaster Ave Downingtown, PA 19335
Estimated payment $3,209/month
Total Views
14,489
5
Beds
2.5
Baths
2,824
Sq Ft
$175
Price per Sq Ft
Highlights
- Craftsman Architecture
- Deck
- Wood Flooring
- East Ward Elementary School Rated A
- Traditional Floor Plan
- Garden View
About This Home
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 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,702
Year Built
- Built in 1924
Lot Details
- 8,700 Sq Ft Lot
- Level Lot
- Front Yard
- Property is in very good condition
- Property is zoned R4, Single-family, two-family, multifamily dwelling, and some non-residential uses
Home Design
- Craftsman Architecture
- Brick Foundation
- Combination Foundation
- Stone Foundation
- Plaster Walls
- Frame Construction
- Shingle Roof
- Masonry
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Ceiling Fan
- Wood Burning Fireplace
- Stone Fireplace
- Fireplace Mantel
- Replacement Windows
- Double Hung Windows
- Window Screens
- French Doors
- Living Room
- Formal Dining Room
- Den
- Efficiency Studio
- Garden Views
- Washer and Dryer Hookup
- Attic
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Dishwasher
Flooring
- Wood
- Partially Carpeted
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- Bathtub with Shower
- Walk-in Shower
Improved Basement
- Heated Basement
- Walk-Out Basement
- Interior, Rear, and Side Basement Entry
- Rough-In Basement Bathroom
- Natural lighting in basement
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Gravel Driveway
- Paved Parking
- Parking Lot
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Windows
Outdoor Features
- Deck
- Exterior Lighting
- Porch
Schools
- East Ward Elementary School
- Lionville Middle School
- Downingtown High School East Campus
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- Downingtown Subdivision
Listing and Financial Details
- Tax Lot 0045
- Assessor Parcel Number 11-05 -0045
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,348 | $128,070 | $36,160 | $91,910 |
| 2023 | $5,220 | $128,070 | $36,160 | $91,910 |
| 2022 | $5,113 | $128,070 | $36,160 | $91,910 |
| 2021 | $5,044 | $128,070 | $36,160 | $91,910 |
| 2020 | $5,020 | $128,070 | $36,160 | $91,910 |
| 2019 | $5,020 | $128,070 | $36,160 | $91,910 |
| 2018 | $5,020 | $128,070 | $36,160 | $91,910 |
| 2017 | $5,020 | $128,070 | $36,160 | $91,910 |
| 2016 | $4,585 | $128,070 | $36,160 | $91,910 |
| 2015 | $4,585 | $128,070 | $36,160 | $91,910 |
| 2014 | $4,585 | $128,070 | $36,160 | $91,910 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | Price Changed | $495,000 | -3.9% | $175 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $515,000 | -- | $182 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Attorney | |
| Deed | $310,000 | -- | |
| Deed | $169,000 | -- | |
| Corporate Deed | $163,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $445,000 | Unknown | |
| Previous Owner | $34,000 | Credit Line Revolving | |
| Previous Owner | $248,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $135,200 | Purchase Money Mortgage | |
| Previous Owner | $130,000 | No Value Available |
Source: Public Records
Similar Home in Downingtown, PA
Source: Bright MLS
MLS Number: PACT2099918
APN: 11-005-0045.0000
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