$396,000
SOLD JAN 31, 2025

University Gateway Apartments 616 E College Ave Unit 306 State College, PA 16801

2 Beds
2 Baths
975 Sq Ft
$204/mo HOA Fee

Recently Sold

$406 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Living Room
  • Downtown Location
  • Electric Baseboard Heater
  • Easterly Parkway Elementary School Rated A
  • Luxury Vinyl Plank Tile Flooring
  • High-Rise Condominium

About This Home

As of January 2025

Fully leased through Aug. 2025 ($2600 Monthly) - Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This
2-bedrooms, 2-full bathrooms condo with newer LVP flooring throughout the bedrooms, living room and hallway, ceramic tiles in kitchen area, this unit is ready
to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. Permitted to rent for up to 6 students. 24-hour notice needed.

Last Agent to Sell the Property

Jie Peng

RE/MAX Centre Realty License #RS325918 Listed on: 01/10/2025

RE/MAX Centre Realty

Last Buyer's Agent

Kristin O'Brien

Keller Williams Advantage Realty License #RS295569

Keller Williams Advantage Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1985

HOA Fees

  • $204 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 975 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Luxury Vinyl Plank Tile Flooring
  • Laundry on main level

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
  • Downtown Location

Listing and Financial Details

  • Assessor Parcel Number 36-014-,006-,0306-

Community Details

Overview

  • Association fees include common area maintenance, insurance, sewer, snow removal, trash, water, exterior building maintenance, lawn maintenance
  • High-Rise Condominium
  • University Gateway Condos
  • University Gateway Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,382

Year Built

Built in 1985

Lot Details

0

HOA Fees

$204 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Tenants' personal belongings
  • Inclusions: Kitchen appliances, furniture package
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Fully leased through Aug. 2025 ($2600 Monthly) - Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This 2-bedrooms, 2-full bathrooms condo with newer LVP flooring throughout the bedrooms, living room and hallway, ceramic tiles in kitchen area, this unit is ready to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. Permitted to rent for up to 6 students. 24-hour notice needed.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Luxury Vinyl Plank
  • Fireplace: No
  • Levels Count: 3
  • Room List: Living Room, Kitchen, Bedroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 975
  • Living Area Sq Ft: 975
  • Price Per Sq Ft: 394.87
  • 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, Below Grade
  • Construction Materials: Brick
  • 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: On Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 204.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: University Gateway
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Sewer, Snow Removal, Trash, Water, Ext Bldg Maint, Lawn Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Year Assessed: 2022
  • Zoning: C

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1539.00
  • Tax Annual Amount: 2382.00
  • Assessor Parcel Number: 36-014-,006-,0306-
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/31/2025

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
01/31/2025 01/31/25 Sold $396,000 +2.9% $406 / Sq Ft
01/13/2025 01/13/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $385,000 +6.9% $395 / Sq Ft
07/31/2023 07/31/23 Sold $360,000 -2.7% $369 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $369,900 -- $379 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jie Peng

    RE/MAX

  • K

    Buyer's Agent in 2025

    Kristin O'Brien

    Keller Williams Advantage Realty

  • J

    Seller's Agent in 2023

    Jennifer Zhou

    Coldwell Banker Residential Brokerage - Princeton

See All Agents

About University Gateway Apartments

Map

Source: Bright MLS

MLS Number: PACE2512796

Bright MLS

Pennsylvania Centre County State College 16801

616 E College Ave Unit 306, State College, PA

This home is located at 616 E College Ave Unit 306, State College, PA 16801 and is currently priced at $396,000, approximately $406 per square foot. This property was built in 1985. 616 E College Ave Unit 306 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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