Downingtown, PA 19335,501 W LANCASTER AVE
Downingtown, PA 19335,501 W LANCASTER AVE
Downingtown, PA 19335,501 W LANCASTER AVE
25
$220,000
$249,900
12.0%
Est.Price: ?

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3 BD
2 BA
1,691 SqFt

501 W LANCASTER AVE Downingtown, PA 19335

Est. payment /mo
SOLD DATE : 10/30/2017

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Key Details

Sold Price $220,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,691 sqft

Price per Sqft $130

Subdivision None Available

MLS Listing ID 1000288409

Sold Date 10/30/17

Style Cape Cod

Bedrooms 3

Full Baths 2

HOA Y/N N

Abv Grd Liv Area 1,691

Originating Board TREND

Year Built 1925

Annual Tax Amount $5,167

Tax Year 2017

Lot Size 0.297 Acres

Acres 0.3

Lot Dimensions 100X130

Property Description

3 Bedroom 2 Full bath single with New kitchen cabinets and granite top, New hardwood floors and new hall bath. This home sits on one half of a double-width lot with a 100 feet frontage on Lancaster Ave. This leaves the other half for various development potentials: subdivide and add a new structure; obtain commercial zoning for the existing structure and add new structure in the vacant space; demolish the existing home and construct an completely new commercial structure on the entire double-width lot that can be, as you may imagine, an apartment complex, strip center, office building, and some kind of mixed-use property. This property also gives a good opportunity to those who want to be an owner-occupant or investor: According to the owner, the property is presently allowed for a mixed use-live and do the business like hair salon, nail salon, doctors, and other professionals. All the utilities are in good working order with Central Air, and a dual heating systems - it has both oil and electric heaters. Downingtown Schools. Walk to train station is a big advantage. Boundary & Topographic Plan-a Drawing for commercial zoning variance application-is available: see documents.

Location

State PA

County Chester

Area Downingtown Boro (10311)

Zoning R4

Direction South

Rooms

Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1, Other, Workshop, Screened Porch

Basement Full

Interior

Interior Features Kitchen - Eat-In

Hot Water Oil

Heating Heat Pump - Electric BackUp, Hot Water, Forced Air

Cooling Central A/C

Flooring Wood, Fully Carpeted, Tile/Brick

Fireplace N

Heat Source Oil

Laundry Basement

Exterior

Exterior Feature Porch(es)

Garage Spaces 4.0

Water Access N

Accessibility None

Porch Porch(es)

Attached Garage 1

Total Parking Spaces 4

Garage Y

Building

Lot Description Corner, Level, Front Yard, Rear Yard, SideYard(s), Subdivision Possible

Story 1.5

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories 1.5

Additional Building Above Grade

New Construction N

Schools

Elementary Schools Beaver Creek

Middle Schools Downington

High Schools Downingtown High School West Campus

School District Downingtown Area

Others

Senior Community No

Tax ID 11-07 -0350

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Read Less


Bright MLS (BMLS)
Listed by Sang-Mook Ha • Hanco Real Estate LLC
Bought with Scott F Gullaksen • Coldwell Banker Realty

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