$350,000
SOLD MAR 1, 2021

University Gateway Apartments 616 E College Ave Unit 204 State College, PA 16801

2 Beds
2 Baths
975 Sq Ft
$408/mo HOA Fee

Recently Sold

$359 Per Sq Ft

3% Below List Price

17 Days on Market

Highlights

  • Contemporary Architecture
  • Furnished
  • Ceramic Tile Flooring
  • Easterly Parkway Elementary School Rated A
  • Living Room
  • Electric Baseboard Heater

About This Home

As of May 2025

Attention investors! For sale very spacious condo (2 bedrooms, 2 baths) in University Gateway building. The condo is in a prime downtown location on College avenue, just across from The Pennsylvania State University campus, next to restaurants, retail and entertainment venues. Permitted to rent for up to 5 students. The condo is on the 2nd floor reached by an elevator, and for safety, there is a security code to enter the building. It is freshly painted; a new water-resistant wood floor was just installed in the kitchen and both bedrooms. The ceramic tiles were installed in the living room. The kitchen cabinets and the countertop are also new, just been replaced. It is rented to August 15, 2021 for $2,200, and from August 2021 to August 2022 for $2,300. All furniture and appliances, such as refrigerator, range, microwave and dishwasher, are included in the price. This is the best condo in the building. Low association fee, which cover water, recycling, sewer, building insurance, and building maintenance. If you are interested in one of the few parking spots on the back of the building it is offered at an additional price. Make an appointment today to see this great investment opportunity!

Last Agent to Sell the Property

Katia May

Realty Mark Cityscape License #1754819 Listed on: 01/12/2021

Realty Mark Cityscape

Last Buyer's Agent

Katia May

Realty Mark Cityscape License #1754819 Listed on: 01/12/2021

Realty Mark Cityscape

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,285

Year Built

  • Built in 1985

HOA Fees

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Wall
  • Built-Up Roof

Interior Spaces

  • 975 Sq Ft Home
  • Furnished
  • Living Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, sewer, security gate, trash, water, exterior building maintenance
  • Associate Realty Property Management HOA
  • Mid-Rise Condominium
  • Property has 7 Levels

Amenities

  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,285

Year Built

Built in 1985

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Tenants' property
  • Inclusions: Range, Refrigerator, Dishwasher, Microwave, Garbage Disposal and Furniture
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Attention investors! For sale very spacious condo (2 bedrooms, 2 baths) in University Gateway building. The condo is in a prime downtown location on College avenue, just across from The Pennsylvania State University campus, next to restaurants, retail and entertainment venues. Permitted to rent for up to 5 students. The condo is on the 2nd floor reached by an elevator, and for safety, there is a security code to enter the building. It is freshly painted; a new water-resistant wood floor was just installed in the kitchen and both bedrooms. The ceramic tiles were installed in the living room. The kitchen cabinets and the countertop are also new, just been replaced. It is rented to August 15, 2021 for $2,200, and from August 2021 to August 2022 for $2,300. All furniture and appliances, such as refrigerator, range, microwave and dishwasher, are included in the price. This is the best condo in the building. Low association fee, which cover water, recycling, sewer, building insurance, and building maintenance. If you are interested in one of the few parking spots on the back of the building it is offered at an additional price. Make an appointment today to see this great investment opportunity!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 2
  • Flooring Type: Ceramic Tile, Vinyl
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Block Walls
  • Levels Count: 7
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Shared
  • Total Sq Ft: 975
  • Living Area Sq Ft: 975
  • Price Per Sq Ft: 368.21
  • Above Grade Finished Sq Ft: 975
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 616

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Block
  • Roof: Built-Up
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 204.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 204.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Sewer, Security Gate, Trash, Water, Ext Bldg Maint
  • HOA Name: ASSOCIATE REALTY PROPERTY MANAGEMENT
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: STATE COLLEGE AREA
  • School District Key: 801909430994
  • School District Source: Listing Agent

Lot Info

  • Property Condition: Excellent
  • Zoning: C

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets Allowed: No
  • Total Actual Rent: 2200.00
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • School Tax: 1459.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2285.00
  • Assessor Parcel Number: NO TAX RECORD
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/01/2021

MLS Schools

  • School District Name: STATE COLLEGE AREA

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $400,000 -2.4% $410 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $409,900 +17.1% $420 / Sq Ft
03/01/2021 03/01/21 Sold $350,000 -2.5% $359 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $359,000 -- $368 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kristen Holzwarth

    Associated Realty Condo Sales LLC

  • J

    Buyer's Agent in 2025

    James Bradley

    Keller Williams Advantage Realty

  • K

    Seller's Agent in 2021

    Katia May

    Realty Mark Cityscape

See All Agents

About University Gateway Apartments

Map

Source: Bright MLS

MLS Number: PACE100098

Bright MLS

Pennsylvania Centre County State College 16801

616 E College Ave Unit 204, State College, PA

This home is located at 616 E College Ave Unit 204, State College, PA 16801 and is currently priced at $350,000, approximately $358 per square foot. This property was built in 1985. 616 E College Ave Unit 204 is a home located in Centre County with nearby schools including Easterly Parkway Elementary School, Mount Nittany Middle School, and State College Area High School.

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